Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$87.92 and traded as high as C$94.77. Precision Drilling shares last traded at C$94.19, with a volume of 127,049 shares trading hands.
Analysts Set New Price Targets
A number of analysts have weighed in on PD shares. TD Securities decreased their target price on shares of Precision Drilling from C$140.00 to C$120.00 and set a "buy" rating for the company in a research report on Tuesday, October 8th. ATB Capital lifted their target price on shares of Precision Drilling from C$109.00 to C$123.00 in a research note on Tuesday, December 10th. Raymond James cut their price target on shares of Precision Drilling from C$143.00 to C$142.00 in a research report on Tuesday, October 15th. Finally, BMO Capital Markets lowered their price objective on Precision Drilling from C$140.00 to C$130.00 in a research report on Friday, October 4th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Precision Drilling has an average rating of "Buy" and an average target price of C$130.50.
Get Our Latest Stock Report on PD
Precision Drilling Price Performance
The company has a current ratio of 1.51, a quick ratio of 1.36 and a debt-to-equity ratio of 56.37. The stock has a market cap of C$1.34 billion, a PE ratio of 5.93, a PEG ratio of -3.24 and a beta of 2.76. The business has a 50-day moving average price of C$88.11 and a 200 day moving average price of C$90.63.
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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