Precision Drilling Co. (TSE:PD) Stock Has Average Target Price of C$148.00 According to Analysts

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$148.00.

PD has been the topic of several research reports. Canadian Imperial Bank of Commerce cut their price target on shares of Precision Drilling from C$160.00 to C$155.00 in a report on Thursday, July 30th. TD decreased their price objective on shares of Precision Drilling from C$124.00 to C$116.00 and set a “hold” rating for the company in a research report on Thursday, July 30th. Finally, ATB Cormark Capital Markets dropped their price target on shares of Precision Drilling from C$165.00 to C$160.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th.

Precision Drilling Stock Down 1.2%

Shares of Precision Drilling stock opened at C$119.00 on Monday. The company has a quick ratio of 1.36, a current ratio of 1.46 and a debt-to-equity ratio of 43.54. The company has a market cap of C$1.50 billion, a P/E ratio of -50.42, a PEG ratio of -3.24 and a beta of 0.59. Precision Drilling has a 52-week low of C$74.51 and a 52-week high of C$143.81. The firm’s 50 day moving average price is C$119.14 and its 200-day moving average price is C$122.59.

Precision Drilling (TSE:PD) (NYSE:PDS) last announced its earnings results on Wednesday, July 29th. The company reported C($0.52) earnings per share for the quarter. The business had revenue of C$452.80 million for the quarter. Precision Drilling had a negative return on equity of 2.03% and a negative net margin of 1.71%.

About Precision Drilling

Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha¿ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen¿ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations.