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

Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS has earned a consensus rating of "Buy" from the seven analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$126.43.

A number of analysts have issued reports on the company. ATB Capital lifted their price target on Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. TD Securities downgraded Precision Drilling from a "buy" rating to a "hold" rating and reduced their target price for the company from C$120.00 to C$100.00 in a report on Monday, February 3rd.

Precision Drilling Stock Down 1.6 %

PD traded down C$1.31 on Monday, hitting C$79.04. 256,168 shares of the company were exchanged, compared to its average volume of 111,905. Precision Drilling has a twelve month low of C$76.50 and a twelve month high of C$109.20. The company has a market cap of C$1.12 billion, a price-to-earnings ratio of 4.65, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98. The firm has a 50-day moving average price of C$87.20 and a two-hundred day moving average price of C$89.40.

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.