Precision Drilling (TSE:PD) Price Target Increased to C$140.00 by Analysts at CIBC

Precision Drilling (TSE:PD) (NYSE:PDS) had its price target boosted by CIBC from C$130.00 to C$140.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also recently commented on PD. Stifel Nicolaus upped their target price on shares of Precision Drilling from C$115.00 to C$125.00 and gave the company a buy rating in a research report on Thursday, April 18th. BMO Capital Markets boosted their price target on shares of Precision Drilling from C$135.00 to C$140.00 and gave the stock an outperform rating in a research note on Wednesday. Raymond James boosted their price target on shares of Precision Drilling from C$132.00 to C$136.00 and gave the stock a strong-buy rating in a research note on Friday, April 26th. Finally, ATB Capital cut their price target on shares of Precision Drilling from C$126.00 to C$120.00 and set an outperform rating on the stock in a research note on Friday, June 28th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Buy and a consensus price target of C$131.00.

Precision Drilling Trading Down 7.1 %

TSE PD opened at C$96.43 on Wednesday. The firm’s 50-day moving average is C$96.58 and its two-hundred day moving average is C$91.85. Precision Drilling has a 12 month low of C$67.46 and a 12 month high of C$109.20. The company has a debt-to-equity ratio of 62.02, a current ratio of 1.71 and a quick ratio of 1.36. The stock has a market capitalization of C$1.40 billion, a P/E ratio of 5.85, a PEG ratio of -3.24 and a beta of 2.90.

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.