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

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has been assigned a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$119.00.

PD has been the topic of several recent analyst reports. Raymond James dropped their target price on Precision Drilling from C$146.00 to C$141.00 in a report on Friday. CIBC dropped their target price on Precision Drilling from C$125.00 to C$115.00 in a report on Friday. Royal Bank of Canada dropped their target price on Precision Drilling from C$121.00 to C$110.00 in a report on Friday. ATB Capital increased their target price on Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. Finally, TD Securities dropped their price objective on Precision Drilling from C$100.00 to C$89.00 and set a “hold” rating on the stock in a report on Friday.

Precision Drilling Stock Performance

TSE:PD opened at C$77.47 on Monday. The firm has a market capitalization of C$1.10 billion, a PE ratio of 4.56, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76. The business’s fifty day moving average price is C$86.94 and its 200 day moving average price is C$89.00. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36. Precision Drilling has a 12 month low of C$76.50 and a 12 month high of C$109.20.

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.