Precision Drilling (TSE:PD) Price Target Raised to C$135.00 at BMO Capital Markets

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price boosted by BMO Capital Markets from C$130.00 to C$135.00 in a report published on Wednesday, BayStreet.CA reports.

A number of other analysts also recently commented on PD. ATB Capital reduced their price objective on Precision Drilling from C$126.00 to C$120.00 and set an outperform rating for the company in a research report on Friday, June 28th. Stifel Nicolaus raised their price objective on Precision Drilling from C$115.00 to C$125.00 and gave the stock a buy rating in a research report on Thursday, April 18th. Raymond James raised their price objective on Precision Drilling from C$132.00 to C$136.00 and gave the stock a strong-buy rating in a research report on Friday, April 26th. Finally, CIBC raised their price objective on Precision Drilling from C$110.00 to C$130.00 and gave the stock an outperform rating in a research report on Monday, April 22nd. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Precision Drilling presently has a consensus rating of Buy and a consensus price target of C$127.00.

Precision Drilling Stock Down 0.2 %

TSE:PD opened at C$95.50 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 1.36 and a debt-to-equity ratio of 62.02. Precision Drilling has a 1-year low of C$61.81 and a 1-year high of C$104.90. The business’s fifty day moving average price is C$95.80 and its 200 day moving average price is C$87.79. The firm has a market capitalization of C$1.38 billion, a price-to-earnings ratio of 5.79, a PEG ratio of -3.24 and a beta of 2.90.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its earnings results on Thursday, April 25th. The company reported C$2.53 earnings per share for the quarter, missing the consensus estimate of C$2.73 by C($0.20). Precision Drilling had a return on equity of 15.46% and a net margin of 12.06%. The firm had revenue of C$527.79 million during the quarter, compared to analyst estimates of C$539.50 million. On average, sell-side analysts forecast that Precision Drilling will post 9.2679426 earnings per share for the current fiscal year.

About Precision Drilling

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.