Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS's share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$88.52 and traded as high as C$95.37. Precision Drilling shares last traded at C$91.35, with a volume of 186,946 shares traded.
Wall Street Analyst Weigh In
PD has been the topic of several recent analyst reports. TD Securities dropped 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. ATB Capital increased their price target on shares of Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th. Raymond James lowered their price objective 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 cut their target price on shares of Precision Drilling from C$140.00 to C$130.00 in a research report on Friday, October 4th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of C$130.50.
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Precision Drilling Stock Performance
The firm's fifty day moving average price is C$88.52 and its 200-day moving average price is C$90.66. The company has a market cap of C$1.28 billion, a P/E ratio of 5.67, a P/E/G 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.
Precision Drilling (TSE:PD - Get Free Report) NYSE: PDS last issued its earnings results on Tuesday, October 29th. The company reported C$2.31 EPS for the quarter, topping the consensus estimate of C$2.09 by C$0.22. Precision Drilling had a return on equity of 15.01% and a net margin of 11.71%. During the same period in the previous year, the company earned $1.45 earnings per share.
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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