Precision Drilling Co. (TSE:PD) Receives Consensus Rating of “Buy” from Analysts

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been assigned an average rating of “Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$119.00.

A number of analysts have issued reports on PD shares. Royal Bank of Canada cut their target price on Precision Drilling from C$121.00 to C$110.00 in a research report on Friday, February 14th. Raymond James decreased their target price on Precision Drilling from C$146.00 to C$141.00 in a research note on Friday, February 14th. CIBC dropped their target price on Precision Drilling from C$125.00 to C$115.00 in a research report on Friday, February 14th. ATB Capital increased their price target on shares of Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th. Finally, TD Securities dropped their price objective on shares of 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.

Insider Buying and Selling

In other news, Director Carey Thomas Ford sold 5,108 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total value of C$396,686.26. Also, Senior Officer Veronica H. Foley sold 3,393 shares of the business’s 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. Insiders own 2.12% of the company’s stock.

Precision Drilling Trading Up 3.2 %

TSE PD opened at C$66.90 on Tuesday. Precision Drilling has a 12 month low of C$62.16 and a 12 month high of C$109.20. The stock has a market capitalization of C$951.99 million, a P/E ratio of 3.94, a PEG ratio of -3.24 and a beta of 2.76. The firm’s 50-day moving average is C$74.75 and its two-hundred day moving average is C$82.89. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36.

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.