Brokerages Set Precision Drilling Co. (TSE:PD) Target Price at C$130.50

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has earned an average rating of “Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$130.50.

A number of brokerages have recently commented on PD. ATB Capital upped their price objective on shares of Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th. Raymond James dropped their price target on shares of Precision Drilling from C$143.00 to C$142.00 in a research report on Tuesday, October 15th. BMO Capital Markets dropped their price target on shares of Precision Drilling from C$140.00 to C$130.00 in a research report on Friday, October 4th. Finally, TD Securities dropped their price target on shares of Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating for the company in a research report on Tuesday, October 8th.

Precision Drilling Stock Up 0.9 %

PD stock opened at C$94.39 on Thursday. The company has a debt-to-equity ratio of 56.37, a current ratio of 1.51 and a quick ratio of 1.36. Precision Drilling has a 52-week low of C$77.54 and a 52-week high of C$109.20. The company has a 50-day moving average of C$88.52 and a two-hundred day moving average of C$90.66. The stock has a market capitalization of C$1.33 billion, a price-to-earnings ratio of 5.89, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76.

Precision Drilling (TSE:PD) (NYSE:PDS) last announced its quarterly earnings data on Tuesday, October 29th. The company reported C$2.31 EPS for the quarter, beating analysts’ consensus estimates of C$2.09 by C$0.22. Precision Drilling had a net margin of 11.71% and a return on equity of 15.01%. During the same quarter last year, the company earned $1.45 earnings per share.

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.