Precision Drilling (TSE:PD - Free Report) NYSE: PDS had its target price lowered by ATB Capital from C$126.00 to C$120.00 in a report released on Friday, BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.
PD has been the subject of a number of other research reports. Stifel Nicolaus boosted their target price on shares of Precision Drilling from C$115.00 to C$125.00 and gave the stock a buy rating in a research note on Thursday, April 18th. CIBC increased their price objective on Precision Drilling from C$110.00 to C$130.00 and gave the company an outperform rating in a report on Monday, April 22nd. Finally, Raymond James raised their target price on Precision Drilling from C$132.00 to C$136.00 and gave the stock a strong-buy rating in a research report on Friday, April 26th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus price target of C$126.55.
Check Out Our Latest Report on Precision Drilling
Precision Drilling Trading Down 0.3 %
Shares of PD stock traded down C$0.29 on Friday, hitting C$96.20. The stock had a trading volume of 55,617 shares, compared to its average volume of 83,716. The company's 50 day moving average price is C$95.59 and its 200-day moving average price is C$87.16. Precision Drilling has a 1 year low of C$61.52 and a 1 year high of C$104.90. The company has a debt-to-equity ratio of 62.02, a current ratio of 1.71 and a quick ratio of 1.36. The firm has a market capitalization of C$1.39 billion, a P/E ratio of 5.83, a P/E/G ratio of -3.24 and a beta of 2.90.
Precision Drilling (TSE:PD - Get Free Report) NYSE: PDS last announced its quarterly earnings data on Thursday, April 25th. The company reported C$2.53 earnings per share for the quarter, missing analysts' consensus estimates of C$2.73 by C($0.20). The business had revenue of C$527.79 million during the quarter, compared to analyst estimates of C$539.50 million. Precision Drilling had a net margin of 12.06% and a return on equity of 15.46%. Analysts anticipate that Precision Drilling will post 9.2679426 earnings per share for the current year.
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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