Brokerages Set Precision Drilling Co. (TSE:PD) Target Price at C$127.11

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have earned an average recommendation of “Buy” from the nine brokerages that are presently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$127.11.

A number of research analysts have commented on the stock. ATB Capital raised their price target on shares of Precision Drilling from C$109.00 to C$123.00 in a research note on Tuesday, December 10th. TD Securities decreased their price target on Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating on the stock in a research note on Tuesday, October 8th. Raymond James dropped their price objective on Precision Drilling from C$143.00 to C$142.00 in a research note on Tuesday, October 15th. Finally, BMO Capital Markets reduced their target price on shares of Precision Drilling from C$140.00 to C$130.00 in a research note on Friday, October 4th.

Precision Drilling Trading Down 0.6 %

Shares of PD stock opened at C$83.24 on Friday. The firm has a fifty day moving average of C$85.60 and a 200-day moving average of C$90.75. The stock has a market cap of C$1.17 billion, a price-to-earnings ratio of 5.20, a P/E/G ratio of -3.24 and a beta of 2.76. Precision Drilling has a 52-week low of C$68.92 and a 52-week high of C$109.20. The company has a debt-to-equity ratio of 56.37, a quick ratio of 1.36 and a current ratio of 1.51.

About Precision Drilling

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.