Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS's stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$86.71 and traded as high as C$96.35. Precision Drilling shares last traded at C$95.07, with a volume of 244,276 shares changing hands.
Analysts Set New Price Targets
Several analysts have recently commented on PD shares. ATB Capital increased their target price on Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. BMO Capital Markets reduced their price target on Precision Drilling from C$140.00 to C$130.00 in a research report on Friday, October 4th. TD Securities lowered 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 note on Tuesday, October 8th. Finally, Raymond James decreased their price objective on Precision Drilling from C$143.00 to C$142.00 in a research report on Tuesday, October 15th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$127.11.
Get Our Latest Analysis on Precision Drilling
Precision Drilling Stock Down 3.1 %
The firm has a 50-day simple moving average of C$86.71 and a two-hundred day simple moving average of C$90.54. The stock has a market cap of C$1.30 billion, a P/E ratio of 5.75, a PEG ratio of -3.24 and a beta of 2.76. The company has a current ratio of 1.51, a quick ratio of 1.36 and a debt-to-equity ratio of 56.37.
About Precision Drilling
(
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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.
Further Reading
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