Shares of Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$85.63 and traded as low as C$83.05. Precision Drilling shares last traded at C$85.10, with a volume of 67,429 shares changing hands.
Wall Street Analyst Weigh In
A number of research firms have recently commented on PD. ATB Capital raised their price target on Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. Raymond James cut their target price on Precision Drilling from C$143.00 to C$142.00 in a research note on Tuesday, October 15th. TD Securities decreased their price target on 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 lowered their price target on shares of Precision Drilling from C$140.00 to C$130.00 in a report on Friday, October 4th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Precision Drilling currently has a consensus rating of "Buy" and an average target price of C$127.11.
Get Our Latest Stock Report on PD
Precision Drilling Stock Performance
The company's 50-day moving average is C$85.72 and its two-hundred day moving average is C$90.59. The company has a market capitalization of C$1.24 billion, a P/E ratio of 5.49, a PEG ratio of -3.24 and a beta of 2.76. The company has a quick ratio of 1.36, a current ratio of 1.51 and a debt-to-equity ratio of 56.37.
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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