Precision Drilling Co. (TSE:PD) Given Average Recommendation of “Buy” by Brokerages

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$130.50.

A number of research firms recently commented on PD. Raymond James dropped their target price on shares of Precision Drilling from C$143.00 to C$142.00 in a report on Tuesday, October 15th. BMO Capital Markets dropped their price target on Precision Drilling from C$140.00 to C$130.00 in a report on Friday, October 4th. TD Securities reduced their price objective on Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating for the company in a research note on Tuesday, October 8th. Finally, ATB Capital boosted their target price on Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th.

Precision Drilling Price Performance

Shares of Precision Drilling stock opened at C$95.92 on Thursday. Precision Drilling has a 52 week low of C$74.21 and a 52 week high of C$109.20. The company has a current ratio of 1.51, a quick ratio of 1.36 and a debt-to-equity ratio of 56.37. The company’s 50-day moving average price is C$88.32 and its two-hundred day moving average price is C$90.68. The stock has a market cap of C$1.35 billion, a PE ratio of 5.99, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76.

About Precision Drilling

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.