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

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have received an average recommendation of “Buy” from the nine ratings firms that are covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$126.00.

Several equities analysts have recently issued reports on the stock. BMO Capital Markets lowered their target price on shares of Precision Drilling from C$140.00 to C$130.00 in a report on Friday, October 4th. TD Securities decreased their price objective on Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating on the stock in a research note on Tuesday, October 8th. Raymond James decreased their price target on Precision Drilling from C$143.00 to C$142.00 in a report on Tuesday, October 15th. Finally, ATB Capital reduced their price objective on shares of Precision Drilling from C$123.00 to C$113.00 in a research report on Monday, September 23rd.

Precision Drilling Stock Performance

Shares of PD opened at C$88.27 on Wednesday. The company has a 50-day simple moving average of C$86.18 and a two-hundred day simple moving average of C$92.33. The company has a debt-to-equity ratio of 56.37, a current ratio of 1.51 and a quick ratio of 1.36. The firm has a market capitalization of C$1.25 billion, a PE ratio of 5.51, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76. Precision Drilling has a one year low of C$67.46 and a one year 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.