Precision Drilling (TSE:PD - Free Report) NYSE: PDS had its target price reduced by Raymond James from C$146.00 to C$141.00 in a research note released on Friday,BayStreet.CA reports.
A number of other research firms have also commented on PD. TD Securities lowered Precision Drilling from a "buy" rating to a "hold" rating and reduced their price objective for the stock from C$120.00 to C$100.00 in a research note on Monday, February 3rd. ATB Capital upped their price target on shares of Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$119.00.
Read Our Latest Research Report on Precision Drilling
Precision Drilling Price Performance
Shares of TSE PD traded up C$0.52 during mid-day trading on Friday, hitting C$77.99. 171,351 shares of the stock were exchanged, compared to its average volume of 115,955. Precision Drilling has a twelve month low of C$76.50 and a twelve month high of C$109.20. The stock's fifty day simple moving average is C$86.77 and its two-hundred day simple moving average is C$88.93. The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.36 and a current ratio of 1.54. The company has a market cap of C$1.11 billion, a P/E ratio of 4.59, a PEG ratio of -3.24 and a beta of 2.76.
Precision Drilling Company Profile
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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.
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