Precision Drilling (TSE:PD) Price Target Raised to C$130.00 at BMO Capital Markets

Precision Drilling (TSE:PDFree Report) (NYSE:PDS) had its price objective hoisted by BMO Capital Markets from C$125.00 to C$130.00 in a report issued on Wednesday, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other equities research analysts also recently issued reports on PD. TD Securities cut their price objective on shares of Precision Drilling from C$125.00 to C$115.00 and set a buy rating for the company in a research report on Wednesday. Stifel Nicolaus cut their price objective on shares of Precision Drilling from C$135.00 to C$120.00 and set a buy rating for the company in a research report on Wednesday, January 10th. ATB Capital cut their price objective on shares of Precision Drilling from C$140.00 to C$126.00 and set an outperform rating for the company in a research report on Monday, January 8th. Raymond James set a C$137.00 price target on shares of Precision Drilling and gave the company a strong-buy rating in a research report on Tuesday, January 16th. Finally, Piper Sandler Companies dropped their price target on shares of Precision Drilling from C$107.00 to C$100.00 and set an overweight rating for the company in a research report on Monday, January 8th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Precision Drilling has a consensus rating of Buy and a consensus target price of C$121.08.

Read Our Latest Research Report on PD

Precision Drilling Trading Down 1.2 %

Shares of PD stock opened at C$83.07 on Wednesday. The firm has a 50 day moving average price of C$74.81 and a two-hundred day moving average price of C$82.10. The company has a quick ratio of 1.36, a current ratio of 1.59 and a debt-to-equity ratio of 74.79. The company has a market capitalization of C$1.19 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of -3.24 and a beta of 2.90. Precision Drilling has a 12-month low of C$56.42 and a 12-month high of C$100.23.

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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