Evercore Cuts Precision Drilling (TSE:PD) Price Target to C$139.00

Precision Drilling (TSE:PDFree Report) (NYSE:PDS) had its price target decreased by Evercore from C$142.00 to C$139.00 in a report released on Wednesday, BayStreet.CA reports. Evercore currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on PD. ATB Capital cut their price target on shares of Precision Drilling from C$126.00 to C$125.00 and set an outperform rating for the company in a report on Wednesday. Royal Bank of Canada cut their target price on Precision Drilling from C$125.00 to C$122.00 in a research note on Friday, January 12th. CIBC increased their target price on Precision Drilling from C$100.00 to C$110.00 and gave the stock an outperform rating in a research note on Wednesday. TD Securities cut their target price on Precision Drilling from C$125.00 to C$115.00 and set a buy rating for the company in a research note on Wednesday. Finally, Piper Sandler Companies cut their target price on Precision Drilling from C$107.00 to C$100.00 and set an overweight rating for the company in a research note on Monday, January 8th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Precision Drilling presently has a consensus rating of Buy and a consensus target price of C$121.08.

Check Out Our Latest Stock Analysis on Precision Drilling

Precision Drilling Trading Down 1.2 %

Shares of Precision Drilling stock opened at C$83.07 on Wednesday. Precision Drilling has a 1 year low of C$56.42 and a 1 year high of C$100.23. The company has a debt-to-equity ratio of 74.79, a quick ratio of 1.36 and a current ratio of 1.59. The company has a market capitalization of C$1.19 billion, a P/E ratio of 8.22, a PEG ratio of -3.24 and a beta of 2.90. The company’s fifty day moving average is C$74.81 and its two-hundred day moving average is C$82.10.

About Precision Drilling

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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.

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Analyst Recommendations for Precision Drilling (TSE:PD)

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