Brokerages Set Precision Drilling Co. (TSE:PD) Target Price at C$126.90

Shares of Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS have received an average rating of "Buy" from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$126.90.

Several analysts have recently weighed in on PD shares. Royal Bank of Canada boosted their price objective on shares of Precision Drilling from C$122.00 to C$125.00 and gave the stock an "outperform" rating in a research report on Thursday, August 1st. TD Securities cut their target price on shares of Precision Drilling from C$140.00 to C$120.00 and set a "buy" rating on the stock in a report on Tuesday, October 8th. ATB Capital cut their target price on shares of Precision Drilling from C$123.00 to C$113.00 in a report on Monday, September 23rd. BMO Capital Markets cut their target price on shares of Precision Drilling from C$140.00 to C$130.00 in a report on Friday, October 4th. Finally, CIBC lifted their target price on shares of Precision Drilling from C$130.00 to C$140.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st.

Precision Drilling Stock Down 0.9 %

Precision Drilling stock traded down C$0.77 during trading on Friday, reaching C$82.86. The stock had a trading volume of 85,148 shares, compared to its average volume of 86,683. The stock has a market cap of C$1.17 billion, a PE ratio of 5.17, a P/E/G ratio of -3.24 and a beta of 2.76. The company has a quick ratio of 1.36, a current ratio of 1.51 and a debt-to-equity ratio of 56.37. Precision Drilling has a 52-week low of C$67.46 and a 52-week high of C$109.20. The business has a 50 day moving average price of C$87.58 and a 200 day moving average price of C$93.50.

Precision Drilling (TSE:PD - Get Free Report) NYSE: PDS last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$1.44 earnings per share for the quarter, topping the consensus estimate of C($0.85) by C$2.29. The business had revenue of C$429.21 million during the quarter, compared to the consensus estimate of C$423.50 million. Precision Drilling had a net margin of 11.71% and a return on equity of 15.01%.

Insider Buying and Selling at Precision Drilling

In other Precision Drilling news, Director David Williams sold 3,500 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$100.01, for a total value of C$350,035.00. In other news, Director David Williams sold 3,500 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$100.01, for a total transaction of C$350,035.00. Also, Senior Officer Veronica H. Foley sold 5,335 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$99.49, for a total transaction of C$530,779.18. 2.12% of the stock is owned by insiders.

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.