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

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been given an average rating of “Buy” by the nine research firms that are covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$127.11.

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

Precision Drilling Stock Performance

TSE:PD opened at C$83.78 on Friday. 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 twelve month low of C$68.92 and a twelve month high of C$109.20. The firm’s fifty day simple moving average is C$85.58 and its 200 day simple moving average is C$90.96. The stock has a market cap of C$1.18 billion, a P/E ratio of 5.23, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76.

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.