Precision Drilling (TSE:PD) Given New C$140.00 Price Target at TD Securities

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective increased by TD Securities from C$115.00 to C$140.00 in a research report report published on Thursday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also commented on the stock. Stifel Nicolaus boosted their price objective on shares of Precision Drilling from C$115.00 to C$125.00 and gave the stock a buy rating in a research report on Thursday, April 18th. CIBC upped their target price on Precision Drilling from C$130.00 to C$140.00 and gave the company an outperform rating in a research note on Wednesday, July 31st. Raymond James raised their price target on Precision Drilling from C$132.00 to C$136.00 and gave the stock a strong-buy rating in a research note on Friday, April 26th. BMO Capital Markets lifted their price target on Precision Drilling from C$135.00 to C$140.00 and gave the company an outperform rating in a report on Wednesday, July 31st. Finally, ATB Capital increased their price objective on shares of Precision Drilling from C$120.00 to C$123.00 in a report on Thursday. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus target price of C$131.00.

Precision Drilling Price Performance

Shares of TSE PD opened at C$96.43 on Thursday. The company has a debt-to-equity ratio of 62.02, a quick ratio of 1.36 and a current ratio of 1.71. Precision Drilling has a one year low of C$67.46 and a one year high of C$109.20. The firm has a market capitalization of C$1.40 billion, a P/E ratio of 5.85, a PEG ratio of -3.24 and a beta of 2.90. The company’s fifty day moving average is C$96.58 and its two-hundred day moving average is C$91.98.

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.