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

Shares of Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS have received a consensus recommendation of "Buy" from the eight analysts that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$130.50.

PD has been the subject of a number of analyst reports. Raymond James cut their price objective on Precision Drilling from C$143.00 to C$142.00 in a report on Tuesday, October 15th. ATB Capital increased their target price on shares of Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th. 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. Finally, BMO Capital Markets decreased their price objective on shares of Precision Drilling from C$140.00 to C$130.00 in a research note on Friday, October 4th.

Precision Drilling Stock Performance

Shares of TSE:PD traded up C$0.79 during trading on Thursday, hitting C$94.98. 77,996 shares of the stock were exchanged, compared to its average volume of 100,437. The company has a market capitalization of C$1.34 billion, a price-to-earnings ratio of 5.93, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76. The company has a debt-to-equity ratio of 56.37, a quick ratio of 1.36 and a current ratio of 1.51. Precision Drilling has a 1-year low of C$71.15 and a 1-year high of C$109.20. The company's fifty day simple moving average is C$88.11 and its 200-day simple moving average is C$90.63.

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.