Precision Drilling Co. (TSE:PD) Given Average Rating of “Buy” by Analysts

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been assigned a consensus recommendation of “Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$119.00.

A number of equities research analysts have weighed in on the company. TD Securities lowered their target price on Precision Drilling from C$100.00 to C$89.00 and set a “hold” rating for the company in a report on Friday, February 14th. CIBC lowered their target price on Precision Drilling from C$125.00 to C$115.00 in a report on Friday, February 14th. ATB Capital lifted their target price on Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. Raymond James lowered their target price on Precision Drilling from C$146.00 to C$141.00 in a report on Friday, February 14th. Finally, Royal Bank of Canada lowered their target price on Precision Drilling from C$121.00 to C$110.00 in a report on Friday, February 14th.

Precision Drilling Price Performance

Shares of PD opened at C$63.18 on Friday. Precision Drilling has a 1 year low of C$62.30 and a 1 year high of C$109.20. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36. The company has a market capitalization of C$899.06 million, a price-to-earnings ratio of 3.72, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76. The business has a 50-day moving average of C$82.49 and a 200-day moving average of C$85.97.

Insider Activity

In other Precision Drilling news, Director Carey Thomas Ford sold 5,108 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total transaction of C$396,686.26. Also, Senior Officer Veronica H. Foley sold 3,393 shares of Precision Drilling stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total transaction of C$263,499.70. Corporate insiders own 2.12% of the company’s stock.

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.