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

Shares of Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS have been given an average recommendation of "Buy" by the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Eight investment 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$126.00.

Several equities analysts recently issued reports on the stock. ATB Capital cut their price target on shares of Precision Drilling from C$123.00 to C$113.00 in a report on Monday, September 23rd. CIBC boosted their target price on Precision Drilling from C$130.00 to C$140.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. Raymond James dropped their price target on Precision Drilling from C$143.00 to C$142.00 in a report on Tuesday, October 15th. BMO Capital Markets lowered their target price on Precision Drilling from C$140.00 to C$130.00 in a research note on Friday, October 4th. Finally, TD Securities reduced their price target on shares of Precision Drilling from C$140.00 to C$120.00 and set a "buy" rating on the stock in a research report on Tuesday, October 8th.

Precision Drilling Price Performance

Shares of TSE PD traded up C$0.90 during midday trading on Wednesday, reaching C$87.61. 35,767 shares of the company traded hands, compared to its average volume of 87,481. Precision Drilling has a 12 month low of C$67.46 and a 12 month high of C$109.20. The company has a debt-to-equity ratio of 56.37, a quick ratio of 1.36 and a current ratio of 1.51. The stock's 50-day simple moving average is C$86.24 and its 200-day simple moving average is C$92.65. The firm has a market cap of C$1.24 billion, a PE ratio of 5.41, a PEG 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.