Recent Investment Analysts’ Ratings Updates for Precision Drilling (PD)

A number of firms have modified their ratings and price targets on shares of Precision Drilling (TSE: PD) recently:

• 8/1/2024 – Precision Drilling had its price target raised by analysts at Raymond James from C$136.00 to C$143.00. They now have a “strong-buy” rating on the stock.
• 8/1/2024 – Precision Drilling had its price target raised by analysts at Royal Bank of Canada from C$122.00 to C$125.00. They now have an “outperform” rating on the stock.
• 8/1/2024 – Precision Drilling had its price target raised by analysts at TD Securities from C$115.00 to C$140.00. They now have a “buy” rating on the stock.
• 8/1/2024 – Precision Drilling had its price target raised by analysts at ATB Capital from C$120.00 to C$123.00.
• 7/31/2024 – Precision Drilling had its price target raised by analysts at CIBC from C$130.00 to C$140.00. They now have an “outperform” rating on the stock.
• 7/31/2024 – Precision Drilling had its price target raised by analysts at BMO Capital Markets from C$135.00 to C$140.00. They now have an “outperform” rating on the stock.
• 7/3/2024 – Precision Drilling had its price target raised by analysts at BMO Capital Markets from C$130.00 to C$135.00.
• 6/28/2024 – Precision Drilling had its price target lowered by analysts at ATB Capital from C$126.00 to C$120.00. They now have an “outperform” rating on the stock.

Precision Drilling Price Performance

Shares of PD traded down C$0.19 during mid-day trading on Wednesday, hitting C$93.03. 76,168 shares of the company were exchanged, compared to its average volume of 84,743. Precision Drilling Co. has a 1-year low of C$67.46 and a 1-year high of C$109.20. The company has a debt-to-equity ratio of 62.02, a quick ratio of 1.36 and a current ratio of 1.71. The company has a 50 day moving average of C$96.42 and a 200-day moving average of C$92.42. The stock has a market cap of C$1.35 billion, a price-to-earnings ratio of 5.64, a price-to-earnings-growth ratio of -3.24 and a beta of 2.90.

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.