Precision Drilling (TSE:PD) Cut to “Hold” at TD Securities

TD Securities cut shares of Precision Drilling (TSE:PD) (NYSE:PDS) from a buy rating to a hold rating in a research report sent to investors on Monday morning, Marketbeat Ratings reports. They currently have C$100.00 price objective on the stock, down from their prior price objective of C$120.00.

Other analysts have also issued reports about the company. Raymond James cut their price objective on Precision Drilling from C$143.00 to C$142.00 in a report on Tuesday, October 15th. ATB Capital lifted their price target on Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$128.00.

Precision Drilling Stock Performance

Shares of PD opened at C$83.00 on Monday. The company has a 50-day moving average of C$87.92 and a two-hundred day moving average of C$90.05. The stock has a market cap of C$1.17 billion, a price-to-earnings ratio of 5.18, a PEG ratio of -3.24 and a beta of 2.76. The company has a debt-to-equity ratio of 56.37, a current ratio of 1.51 and a quick ratio of 1.36. Precision Drilling has a one year low of C$78.62 and a one year 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.