Precision Drilling Co. (TSE:PD) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS have been assigned an average recommendation of "Moderate Buy" from the six analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$98.33.

PD has been the subject of several research analyst reports. Royal Bank of Canada reduced their price objective on shares of Precision Drilling from C$110.00 to C$89.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. CIBC reduced their price target on shares of Precision Drilling from C$115.00 to C$95.00 in a research note on Thursday, April 10th. BMO Capital Markets dropped their target price on Precision Drilling from C$100.00 to C$90.00 in a report on Thursday, April 17th. TD Securities decreased their price target on Precision Drilling from C$89.00 to C$69.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Finally, Raymond James downgraded Precision Drilling from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from C$141.00 to C$124.00 in a research note on Wednesday, April 9th.

Precision Drilling Stock Performance

PD traded up C$0.14 during trading hours on Friday, hitting C$60.05. The company's stock had a trading volume of 102,437 shares, compared to its average volume of 147,057. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98. Precision Drilling has a fifty-two week low of C$51.38 and a fifty-two week high of C$109.20. The company has a 50-day simple moving average of C$64.45 and a 200 day simple moving average of C$78.84. The firm has a market capitalization of C$854.52 million, a PE ratio of 3.53, a PEG ratio of -3.24 and a beta of 2.76.

Insider Transactions at Precision Drilling

In other Precision Drilling news, Senior Officer Veronica H. Foley sold 3,393 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of C$77.66, for a total transaction of C$263,499.70. Also, Director Carey Thomas Ford sold 5,108 shares of the firm'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. Corporate insiders own 2.12% of the company's stock.

About Precision Drilling

Precision Drilling Corp is a leader in North American oil and gas services. It is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada. Its segments are Contract Drilling Services which is the majority key revenue generator and other segments include Completion and Production Services.