Precision Drilling (TSE:PD) (NYSE:PDS) had its price target increased by BMO Capital Markets from C$45.00 to C$55.00 in a research report sent to investors on Thursday, Analyst Ratings Network reports. BMO Capital Markets currently has a na rating on the stock.
A number of other brokerages have also commented on PD. TD Securities increased their price objective on Precision Drilling from C$40.00 to C$50.00 and gave the company a na rating in a research report on Monday. CIBC raised their price target on Precision Drilling from C$45.00 to C$50.00 and gave the company an outperform rating in a report on Friday, June 4th. National Bankshares raised Precision Drilling from a sector perform rating to an outperform rating and boosted their price objective for the stock from C$32.50 to C$40.00 in a report on Thursday, April 15th. Raymond James raised their target price on shares of Precision Drilling from C$47.00 to C$55.00 and gave the company a na rating in a research note on Monday. Finally, Tudor Pickering reissued a hold rating on shares of Precision Drilling in a research note on Wednesday, February 10th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Precision Drilling has a consensus rating of Buy and an average target price of C$39.29.
Shares of TSE:PD opened at C$45.06 on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.84 and a debt-to-equity ratio of 91.78. The company has a market cap of C$599.48 million and a price-to-earnings ratio of -4.06. Precision Drilling has a 12 month low of C$15.20 and a 12 month high of C$48.21. The stock’s 50-day moving average is C$35.17.
About Precision Drilling
Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related products and services in North America and the Middle East. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.
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