BMO Capital Markets Raises Precision Drilling (TSE:PD) Price Target to C$140.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price upped by BMO Capital Markets from C$135.00 to C$140.00 in a report released on Wednesday morning, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

PD has been the subject of a number of other research reports. ATB Capital decreased their price objective on shares of Precision Drilling from C$126.00 to C$120.00 and set an outperform rating for the company in a report on Friday, June 28th. CIBC upped their price objective on Precision Drilling from C$110.00 to C$130.00 and gave the company an outperform rating in a research note on Monday, April 22nd. Stifel Nicolaus raised their target price on Precision Drilling from C$115.00 to C$125.00 and gave the stock a buy rating in a research report on Thursday, April 18th. Finally, Raymond James boosted their target price on Precision Drilling from C$132.00 to C$136.00 and gave the company a strong-buy rating in a research note on Friday, April 26th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Precision Drilling presently has an average rating of Buy and an average price target of C$131.00.

Precision Drilling Price Performance

Shares of TSE PD opened at C$96.43 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.71 and a debt-to-equity ratio of 62.02. The company has a market capitalization of C$1.40 billion, a PE ratio of 5.85, a PEG ratio of -3.24 and a beta of 2.90. The stock’s 50 day moving average price is C$96.59 and its 200-day moving average price is C$91.70. Precision Drilling has a twelve month low of C$67.46 and a twelve month high of C$109.20.

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.