ATB Capital Cuts Precision Drilling (TSE:PD) Price Target to C$120.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price target decreased by ATB Capital from C$126.00 to C$120.00 in a research report sent to investors on Friday, BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

PD has been the topic of several other research reports. Raymond James raised their price objective on shares of Precision Drilling from C$132.00 to C$136.00 and gave the stock a strong-buy rating in a report on Friday, April 26th. Stifel Nicolaus lifted their price target on shares of Precision Drilling from C$115.00 to C$125.00 and gave the stock a buy rating in a research note on Thursday, April 18th. Finally, CIBC upped their price objective on Precision Drilling from C$110.00 to C$130.00 and gave the stock an outperform rating in a research note on Monday, April 22nd. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of C$126.55.

Precision Drilling Price Performance

Shares of PD opened at C$96.20 on Friday. The firm has a fifty day simple moving average of C$95.59 and a two-hundred day simple moving average of C$87.41. The firm has a market cap of C$1.39 billion, a PE ratio of 5.83, a P/E/G ratio of -3.24 and a beta of 2.90. The company has a current ratio of 1.71, a quick ratio of 1.36 and a debt-to-equity ratio of 62.02. Precision Drilling has a 1-year low of C$61.52 and a 1-year high of C$104.90.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its quarterly earnings data on Thursday, April 25th. The company reported C$2.53 EPS for the quarter, missing analysts’ consensus estimates of C$2.73 by C($0.20). The firm had revenue of C$527.79 million for the quarter, compared to analysts’ expectations of C$539.50 million. Precision Drilling had a net margin of 12.06% and a return on equity of 15.46%. On average, equities analysts anticipate that Precision Drilling will post 9.2679426 EPS for the current year.

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.