National Bankshares Cuts Precision Drilling (TSE:PD) Price Target to C$100.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price lowered by National Bankshares from C$110.00 to C$100.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

PD has been the subject of several other reports. CIBC decreased their price target on shares of Precision Drilling from C$115.00 to C$95.00 in a research report on Thursday, April 10th. Royal Bank Of Canada reduced their price objective on shares of Precision Drilling from C$110.00 to C$89.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. Raymond James Financial lowered Precision Drilling from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from C$141.00 to C$124.00 in a research report on Wednesday, April 9th. BMO Capital Markets cut their target price on Precision Drilling from C$100.00 to C$90.00 in a report on Thursday, April 17th. Finally, ATB Capital decreased their price target on Precision Drilling from C$87.00 to C$84.00 and set an “outperform” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$93.00.

Precision Drilling Stock Performance

Shares of Precision Drilling stock opened at C$68.60 on Thursday. The company’s 50 day moving average price is C$62.66 and its two-hundred day moving average price is C$70.91. The firm has a market capitalization of C$976.18 million, a P/E ratio of 4.04, a P/E/G ratio of -3.24 and a beta of 2.76. Precision Drilling has a fifty-two week low of C$51.38 and a fifty-two week high of C$109.20. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36.

About Precision Drilling

Precision Drilling Corp is a leader in North American oil and gas services. It is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada. Its segments are Contract Drilling Services which is the majority key revenue generator and other segments include Completion and Production Services.