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

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has been given an average rating of “Buy” by the seven analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$119.00.

PD has been the topic of several recent analyst reports. CIBC decreased their price objective on shares of Precision Drilling from C$125.00 to C$115.00 in a report on Friday, February 14th. ATB Capital upped their price target on Precision Drilling from C$109.00 to C$123.00 in a research note on Tuesday, December 10th. Royal Bank of Canada lowered their price target on Precision Drilling from C$121.00 to C$110.00 in a research report on Friday, February 14th. TD Securities decreased their target price on Precision Drilling from C$100.00 to C$89.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Finally, Raymond James dropped their target price on Precision Drilling from C$146.00 to C$141.00 in a research report on Friday, February 14th.

Precision Drilling Trading Up 1.1 %

TSE PD opened at C$66.29 on Friday. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36. The stock has a market capitalization of C$943.31 million, a P/E ratio of 3.90, a PEG ratio of -3.24 and a beta of 2.76. The firm’s 50-day moving average is C$84.10 and its two-hundred day moving average is C$86.77. Precision Drilling has a 12 month low of C$63.16 and a 12 month high of C$109.20.

Insider Activity at Precision Drilling

In other Precision Drilling news, Director Carey Thomas Ford sold 5,108 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of C$77.66, for a total value of C$396,686.26. Also, Senior Officer Veronica H. Foley sold 3,393 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of C$77.66, for a total transaction of C$263,499.70. 2.12% of the stock is currently owned by company insiders.

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.