Precision Drilling (TSE:PD) Given New C$123.00 Price Target at ATB Capital

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price increased by equities research analysts at ATB Capital from C$109.00 to C$123.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. ATB Capital’s target price points to a potential upside of 41.28% from the company’s current price.

Several other research analysts also recently issued reports on PD. Raymond James reduced their price target on shares of Precision Drilling from C$143.00 to C$142.00 in a research report on Tuesday, October 15th. TD Securities reduced their target price on shares of Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating on the stock in a research report on Tuesday, October 8th. Finally, BMO Capital Markets lowered their price target on shares of Precision Drilling from C$140.00 to C$130.00 in a report on Friday, October 4th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$127.11.

Precision Drilling Trading Up 1.3 %

Shares of PD opened at C$87.06 on Tuesday. The company has a debt-to-equity ratio of 56.37, a quick ratio of 1.36 and a current ratio of 1.51. The company has a market cap of C$1.23 billion, a price-to-earnings ratio of 5.43, a PEG ratio of -3.24 and a beta of 2.76. The stock has a fifty day moving average price of C$86.09 and a two-hundred day moving average price of C$91.88. Precision Drilling has a 52-week low of C$67.46 and a 52-week high of C$109.20.

Precision Drilling Company Profile

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.