Precision Drilling (TSE:PD) Rating Lowered to "Hold" at TD Securities

Precision Drilling (TSE:PD - Get Free Report) NYSE: PDS was downgraded by analysts at TD Securities from a "buy" rating to a "hold" rating in a report issued on Monday, MarketBeat reports. They currently have a C$100.00 price objective on the stock, down from their prior price objective of C$120.00. TD Securities' price target indicates a potential upside of 23.72% from the company's previous close.

Several other brokerages also recently commented on PD. Raymond James cut their price target on shares of Precision Drilling from C$143.00 to C$142.00 in a report on Tuesday, October 15th. ATB Capital boosted their target price on Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$128.00.

Precision Drilling Stock Performance

Shares of Precision Drilling stock traded down C$2.17 on Monday, reaching C$80.83. 92,873 shares of the company traded hands, compared to its average volume of 108,124. The company has a debt-to-equity ratio of 56.37, a current ratio of 1.51 and a quick ratio of 1.36. The firm has a market capitalization of C$1.14 billion, a PE ratio of 5.05, a PEG ratio of -3.24 and a beta of 2.76. The company has a 50 day moving average of C$87.92 and a 200 day moving average of C$90.05. Precision Drilling has a 52 week low of C$78.62 and a 52 week 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.