Precision Drilling Co. (TSE:PD) Given Consensus Rating of “Buy” by Brokerages

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have earned an average recommendation of “Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$126.90.

A number of research firms have issued reports on PD. 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 research note on Wednesday, July 31st. ATB Capital decreased their price objective on shares of Precision Drilling from C$123.00 to C$113.00 in a report on Monday, September 23rd. Royal Bank of Canada raised their target price on Precision Drilling from C$122.00 to C$125.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. BMO Capital Markets decreased their price target on Precision Drilling from C$140.00 to C$130.00 in a research note on Friday, October 4th. Finally, TD Securities cut their price objective on Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating on the stock in a research note on Tuesday, October 8th.

Insider Activity

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

Precision Drilling Stock Performance

Shares of PD stock opened at C$89.21 on Friday. Precision Drilling has a fifty-two week low of C$67.46 and a fifty-two week high of C$109.20. The stock’s 50-day moving average is C$86.96 and its two-hundred day moving average is C$93.12. 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 firm has a market cap of C$1.26 billion, a P/E ratio of 5.57, a PEG ratio of -3.24 and a beta of 2.76.

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.