Precision Drilling Co. (TSE:PD) Given Consensus Rating of “Buy” by Brokerages

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has been given an average recommendation of “Buy” by the nine brokerages that are currently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$126.55.

Several analysts recently issued reports on the company. Raymond James lifted their target price on Precision Drilling from C$132.00 to C$136.00 and gave the company a “strong-buy” rating in a research note on Friday, April 26th. CIBC raised their target price on shares of Precision Drilling from C$110.00 to C$130.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. ATB Capital reduced their price target on shares of Precision Drilling from C$126.00 to C$120.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Stifel Nicolaus lifted their target price on Precision Drilling from C$115.00 to C$125.00 and gave the company a “buy” rating in a research report on Thursday, April 18th.

Precision Drilling Trading Down 0.3 %

Shares of TSE PD opened at C$96.20 on Friday. The company has a market cap of C$1.39 billion, a PE ratio of 5.83, a P/E/G ratio of -3.24 and a beta of 2.90. The firm’s 50 day moving average price is C$95.59 and its 200-day moving average price is C$87.29. Precision Drilling has a 52-week low of C$61.52 and a 52-week high of C$104.90. The company has a debt-to-equity ratio of 62.02, a quick ratio of 1.36 and a current ratio of 1.71.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its quarterly earnings data on Thursday, April 25th. The company reported C$2.53 EPS for the quarter, missing analysts’ consensus estimates of C$2.73 by C($0.20). Precision Drilling had a net margin of 12.06% and a return on equity of 15.46%. The firm had revenue of C$527.79 million for the quarter, compared to analysts’ expectations of C$539.50 million. On average, equities research analysts expect that Precision Drilling will post 9.2679426 EPS for the current fiscal year.

Precision Drilling Company Profile

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments.