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

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have earned a consensus recommendation of “Buy” from the seven research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$119.00.

PD has been the subject of a number of analyst reports. TD Securities reduced their price target on Precision Drilling from C$100.00 to C$89.00 and set a “hold” rating for the company in a report on Friday, February 14th. Royal Bank of Canada reduced their target price on Precision Drilling from C$121.00 to C$110.00 in a research note on Friday, February 14th. Raymond James decreased their target price on Precision Drilling from C$146.00 to C$141.00 in a research report on Friday, February 14th. ATB Capital boosted their price target on shares of Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. Finally, CIBC decreased their price objective on shares of Precision Drilling from C$125.00 to C$115.00 in a report on Friday, February 14th.

Precision Drilling Trading Up 1.1 %

Precision Drilling stock opened at C$66.29 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98. The firm has a market cap of C$943.31 million, a PE ratio of 3.90, a P/E/G ratio of -3.24 and a beta of 2.76. The stock’s 50 day simple moving average is C$84.10 and its two-hundred day simple moving average is C$86.77. Precision Drilling has a 12 month low of C$63.16 and a 12 month high of C$109.20.

Insiders Place Their Bets

In related news, Senior Officer Veronica H. Foley sold 3,393 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total value of C$263,499.70. Also, Director Carey Thomas Ford sold 5,108 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total value of C$396,686.26. 2.12% of the stock is currently owned by corporate insiders.

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.