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

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been given an average rating of “Buy” by the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$130.50.

Several brokerages recently weighed in on PD. TD Securities cut their target price on shares of Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating for the company in a research note on Tuesday, October 8th. BMO Capital Markets cut their price objective on shares of Precision Drilling from C$140.00 to C$130.00 in a research report on Friday, October 4th. Raymond James decreased their target price on shares of Precision Drilling from C$143.00 to C$142.00 in a research report on Tuesday, October 15th. Finally, ATB Capital boosted their price target on Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th.

Precision Drilling Stock Performance

TSE PD opened at C$94.19 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.51 and a debt-to-equity ratio of 56.37. Precision Drilling has a fifty-two week low of C$71.15 and a fifty-two week high of C$109.20. The business has a fifty day moving average of C$87.92 and a 200-day moving average of C$90.60. The stock has a market cap of C$1.33 billion, a price-to-earnings ratio of 5.88, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76.

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.