Analysts Set Precision Drilling Co. (TSE:PD) PT at C$127.11

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has received an average recommendation of “Buy” from the nine analysts that are presently covering the company, Marketbeat 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 brokerages that have issued ratings on the stock in the last year is C$127.11.

Several research firms have recently issued reports on PD. TD Securities dropped their price target on shares of Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating for the company in a research note on Tuesday, October 8th. Raymond James dropped their price target on shares of Precision Drilling from C$143.00 to C$142.00 in a research report on Tuesday, October 15th. BMO Capital Markets cut their price target on shares of Precision Drilling from C$140.00 to C$130.00 in a research report on Friday, October 4th. Finally, ATB Capital lifted their target price on Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th.

Precision Drilling Price Performance

Shares of TSE PD opened at C$83.78 on Friday. The stock has a market capitalization of C$1.18 billion, a PE ratio of 5.23, a P/E/G ratio of -3.24 and a beta of 2.76. The business has a fifty day moving average price of C$85.70 and a two-hundred day moving average price of C$91.17. Precision Drilling has a fifty-two week low of C$68.92 and a fifty-two week high of C$109.20. The company has a debt-to-equity ratio of 56.37, a current ratio of 1.51 and a quick ratio of 1.36.

About Precision Drilling

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.