Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$90.28 and traded as low as C$84.74. Precision Drilling shares last traded at C$84.75, with a volume of 144,894 shares trading hands.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on PD. TD Securities lowered Precision Drilling from a "buy" rating to a "hold" rating and decreased their target price for the stock from C$120.00 to C$100.00 in a research report on Monday. Raymond James decreased their price objective on shares of Precision Drilling from C$143.00 to C$142.00 in a report on Tuesday, October 15th. Finally, ATB Capital boosted their target price on shares of Precision Drilling from C$109.00 to C$123.00 in a research note on Tuesday, December 10th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$128.00.
View Our Latest Report on Precision Drilling
Precision Drilling Stock Up 3.1 %
The company has a debt-to-equity ratio of 56.37, a quick ratio of 1.36 and a current ratio of 1.51. The stock's fifty day simple moving average is C$87.99 and its two-hundred day simple moving average is C$90.11. The company has a market capitalization of C$1.18 billion, a price-to-earnings ratio of 5.21, a P/E/G ratio of -3.24 and a beta of 2.76.
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.
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