Analysts Set Precision Drilling Co. (TSE:PD) Target Price at C$131.00

Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS has received an average rating of "Buy" from the nine brokerages that are covering the company, MarketBeat reports. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$131.00.

A number of analysts recently weighed in on the stock. TD Securities raised their target price on shares of Precision Drilling from C$115.00 to C$140.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. BMO Capital Markets raised their target price on shares of Precision Drilling from C$135.00 to C$140.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. ATB Capital raised their target price on shares of Precision Drilling from C$120.00 to C$123.00 in a report on Thursday, August 1st. CIBC raised their target price on shares of Precision Drilling from C$130.00 to C$140.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. Finally, Raymond James raised their target price on shares of Precision Drilling from C$136.00 to C$143.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 1st.

Precision Drilling Price Performance

Shares of Precision Drilling stock traded up C$0.51 on Monday, hitting C$96.15. The company had a trading volume of 27,837 shares, compared to its average volume of 82,405. The business has a 50-day simple moving average of C$96.37 and a 200-day simple moving average of C$93.19. The company has a debt-to-equity ratio of 56.37, a current ratio of 1.51 and a quick ratio of 1.36. The company has a market cap of C$1.37 billion, a PE ratio of 6.07, a PEG ratio of -3.24 and a beta of 2.81. Precision Drilling has a 52 week low of C$67.46 and a 52 week high of C$109.20.

Precision Drilling Company Profile

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.