Precision Drilling (TSE:PD – Free Report) (NYSE:PDS) had its price objective upped by Stifel Nicolaus from C$115.00 to C$125.00 in a report issued on Thursday, BayStreet.CA reports. They currently have a buy rating on the stock.
Several other analysts have also recently commented on PD. CIBC upped their target price on Precision Drilling from C$100.00 to C$110.00 and gave the company an outperform rating in a report on Wednesday, February 7th. Evercore cut their price target on Precision Drilling from C$142.00 to C$139.00 and set an outperform rating on the stock in a report on Wednesday, February 7th. TD Securities cut their price target on Precision Drilling from C$125.00 to C$115.00 and set a buy rating on the stock in a report on Wednesday, February 7th. Royal Bank of Canada cut their price target on Precision Drilling from C$125.00 to C$122.00 in a report on Friday, January 12th. Finally, Raymond James lowered their target price on Precision Drilling from C$137.00 to C$132.00 and set a strong-buy rating on the stock in a research report on Wednesday, February 7th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of C$124.91.
Check Out Our Latest Analysis on Precision Drilling
Precision Drilling Stock Down 1.3 %
Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) last issued its earnings results on Tuesday, February 6th. The company reported C$4.70 EPS for the quarter, topping the consensus estimate of C$2.82 by C$1.88. The firm had revenue of C$506.87 million during the quarter, compared to the consensus estimate of C$476.00 million. Precision Drilling had a return on equity of 20.61% and a net margin of 14.93%. Sell-side analysts anticipate that Precision Drilling will post 8.6166667 EPS for the current fiscal year.
Insider Buying and Selling at Precision Drilling
In related news, Director Carey Thomas Ford sold 3,756 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of C$62.16, for a total transaction of C$233,472.96. In related news, Director Carey Thomas Ford sold 3,756 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of C$62.16, for a total transaction of C$233,472.96. Also, Senior Officer Veronica H. Foley sold 1,763 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total transaction of C$109,711.49. In the last three months, insiders have sold 21,373 shares of company stock worth $1,329,227. Corporate insiders own 1.32% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Precision Drilling
- What is a Low P/E Ratio and What Does it Tell Investors?
- Comprehensive PepsiCo Stock Analysis
- Low PE Growth Stocks: Unlocking Investment Opportunities
- CSX Co.: The Railroad Powering Ahead with an Earnings Beat
- Comparing and Trading High PE Ratio Stocks
- Bear Market Funds to Watch This Year
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.