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

Shares of Precision Drilling Co. (TSE:PDGet Rating) (NYSE:PDS) have received a consensus rating of “Buy” from the fifteen analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$112.00.

Several equities research analysts recently commented on the stock. TD Securities lifted their target price on shares of Precision Drilling from C$130.00 to C$135.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. CIBC lifted their target price on shares of Precision Drilling from C$115.00 to C$120.00 in a research report on Tuesday, August 2nd. Royal Bank of Canada lifted their target price on shares of Precision Drilling from C$147.00 to C$156.00 in a research report on Thursday, July 7th. BMO Capital Markets lifted their target price on shares of Precision Drilling from C$130.00 to C$140.00 in a research report on Thursday, July 28th. Finally, Stifel Nicolaus lifted their target price on shares of Precision Drilling from C$145.00 to C$150.00 in a research report on Thursday, July 28th.

Precision Drilling Trading Down 2.0 %

PD opened at C$81.13 on Monday. The company’s 50 day moving average is C$80.50 and its 200-day moving average is C$86.24. Precision Drilling has a 1-year low of C$37.90 and a 1-year high of C$109.29. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 101.68. The company has a market cap of C$1.10 billion and a P/E ratio of -5.85.

Precision Drilling (TSE:PDGet Rating) (NYSE:PDS) last posted its quarterly earnings results on Wednesday, July 27th. The company reported C($1.81) earnings per share for the quarter, beating analysts’ consensus estimates of C($2.21) by C$0.40. The company had revenue of C$326.02 million during the quarter, compared to analyst estimates of C$299.85 million. Equities research analysts predict that Precision Drilling will post 11.3900009 earnings per share for the current fiscal year.

Precision Drilling Company Profile

(Get Rating)

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 in two segments, Contract Drilling Services; and Completion and Production Services.

See Also

Analyst Recommendations for Precision Drilling (TSE:PD)

Receive News & Ratings for Precision Drilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Precision Drilling and related companies with MarketBeat.com's FREE daily email newsletter.