Brokerages Set Precision Drilling Co. (TSE:PD) Price Target at C$127.11

Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS has been assigned a consensus recommendation of "Buy" from the nine analysts that are covering the firm, Marketbeat Ratings 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 twelve-month price target among analysts that have covered the stock in the last year is C$127.11.

PD has been the topic of several recent analyst reports. BMO Capital Markets lowered their price target on Precision Drilling from C$140.00 to C$130.00 in a research report on Friday, October 4th. TD Securities lowered their target price on shares of Precision Drilling from C$140.00 to C$120.00 and set a "buy" rating on the stock in a report on Tuesday, October 8th. Raymond James cut their price target on shares of Precision Drilling from C$143.00 to C$142.00 in a research note on Tuesday, October 15th. Finally, ATB Capital boosted their price objective on shares of Precision Drilling from C$109.00 to C$123.00 in a research note on Tuesday, December 10th.

Precision Drilling Stock Up 1.4 %

TSE PD traded up C$1.10 during trading hours on Friday, reaching C$81.50. 121,170 shares of the company's stock were exchanged, compared to its average volume of 85,732. 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 company has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 5.09, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76. The company's 50-day moving average is C$85.75 and its two-hundred day moving average is C$91.22. Precision Drilling has a one year low of C$68.92 and a one year high of C$109.20.

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.