Precision Drilling (TSE:PD - Get Free Report) NYSE: PDS had its price target cut by research analysts at Royal Bank of Canada from C$121.00 to C$110.00 in a report released on Friday,BayStreet.CA reports. Royal Bank of Canada's price target indicates a potential upside of 41.04% from the stock's previous close.
A number of other analysts have also recently commented on PD. TD Securities cut shares of Precision Drilling from a "buy" rating to a "hold" rating and cut their price target for the company from C$120.00 to C$100.00 in a research note on Monday, February 3rd. ATB Capital upped their target price on shares of Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. Finally, Raymond James dropped their price objective on Precision Drilling from C$146.00 to C$141.00 in a research note on Friday. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of C$119.00.
View Our Latest Stock Analysis on Precision Drilling
Precision Drilling Stock Up 0.7 %
Shares of Precision Drilling stock traded up C$0.52 on Friday, reaching C$77.99. 171,351 shares of the company were exchanged, compared to its average volume of 115,955. Precision Drilling has a one year low of C$76.50 and a one year high of C$109.20. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98. The company has a 50-day moving average of C$86.77 and a 200 day moving average of C$88.93. The company has a market capitalization of C$1.11 billion, a price-to-earnings ratio of 4.59, a PEG 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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