Precision Drilling (TSE:PD) PT Raised to C$140.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price target hoisted by BMO Capital Markets from C$135.00 to C$140.00 in a research report report published on Wednesday morning, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

PD has been the topic of several other reports. Raymond James raised their price target on Precision Drilling from C$132.00 to C$136.00 and gave the company a strong-buy rating in a research report on Friday, April 26th. CIBC raised their price target on Precision Drilling from C$110.00 to C$130.00 and gave the company an outperform rating in a research report on Monday, April 22nd. Stifel Nicolaus raised their price target on Precision Drilling from C$115.00 to C$125.00 and gave the company a buy rating in a research report on Thursday, April 18th. Finally, ATB Capital lowered their price target on Precision Drilling from C$126.00 to C$120.00 and set an outperform rating on the stock in a research report on Friday, June 28th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Precision Drilling currently has a consensus rating of Buy and an average target price of C$131.00.

Precision Drilling Price Performance

TSE PD opened at C$96.43 on Wednesday. The firm has a market cap of C$1.40 billion, a P/E ratio of 5.85, a price-to-earnings-growth ratio of -3.24 and a beta of 2.90. The stock’s 50-day moving average is C$96.58 and its two-hundred day moving average is C$91.85. Precision Drilling has a fifty-two week low of C$67.46 and a fifty-two week high of C$109.20. The company has a debt-to-equity ratio of 62.02, a current ratio of 1.71 and a quick ratio of 1.36.

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.