Precision Drilling (TSE:PD – Free Report) (NYSE:PDS) had its price target boosted by CIBC from C$110.00 to C$130.00 in a research report report published on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.
Several other analysts also recently weighed in on PD. Evercore lowered their price objective on Precision Drilling from C$142.00 to C$139.00 and set an outperform rating for the company in a research report on Wednesday, February 7th. Raymond James lowered their price objective on Precision Drilling from C$137.00 to C$132.00 and set a strong-buy rating for the company in a research report on Wednesday, February 7th. Piper Sandler Companies lowered their price objective on Precision Drilling from C$107.00 to C$100.00 and set an overweight rating for the company in a research report on Monday, January 8th. BMO Capital Markets boosted their price objective on Precision Drilling from C$125.00 to C$130.00 and gave the company an outperform rating in a research report on Wednesday, February 7th. Finally, Stifel Nicolaus boosted their target price on Precision Drilling from C$115.00 to C$125.00 and gave the company a buy rating in a research note on Thursday, April 18th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Buy and a consensus target price of C$126.73.
Check Out Our Latest Stock Analysis on PD
Precision Drilling Stock Performance
Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) last announced its quarterly earnings data on Tuesday, February 6th. The company reported C$4.70 earnings per share for the quarter, beating the consensus estimate of C$2.82 by C$1.88. Precision Drilling had a return on equity of 20.61% and a net margin of 14.93%. The firm had revenue of C$506.87 million during the quarter, compared to the consensus estimate of C$476.00 million. On average, sell-side analysts predict that Precision Drilling will post 8.6166667 earnings per share for the current fiscal year.
Insider Activity
In related news, Senior Officer Veronica H. Foley sold 1,763 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of C$62.23, for a total value of C$109,711.49. In related news, Senior Officer Veronica H. Foley sold 1,763 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of C$62.23, for a total value of C$109,711.49. Also, Director Carey Thomas Ford sold 7,976 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of C$62.23, for a total value of C$496,346.48. Over the last three months, insiders have sold 21,373 shares of company stock valued at $1,329,227. Company insiders own 1.32% 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.
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