Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) had its price target dropped by ATB Capital from C$126.00 to C$120.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s price objective suggests a potential upside of 24.74% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. CIBC raised their price target on shares of Precision Drilling from C$110.00 to C$130.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Stifel Nicolaus raised their price target 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. Finally, Raymond James raised their price target on shares of Precision Drilling from C$132.00 to C$136.00 and gave the stock a “strong-buy” rating in a research note on Friday, April 26th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$126.55.
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Precision Drilling Stock Down 0.3 %
Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) last announced its quarterly earnings results on Thursday, April 25th. The company reported C$2.53 EPS for the quarter, missing analysts’ consensus estimates of C$2.73 by C($0.20). The business had revenue of C$527.79 million for the quarter, compared to the consensus estimate of C$539.50 million. Precision Drilling had a return on equity of 15.46% and a net margin of 12.06%. On average, research analysts anticipate that Precision Drilling will post 9.2679426 earnings per share for the current year.
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.
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