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

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been given a consensus recommendation of “Buy” by the nine brokerages that are presently covering the company, MarketBeat reports. Eight investment 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 target among analysts that have issued ratings on the stock in the last year is C$126.55.

PD has been the topic of a number of recent analyst reports. 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. Stifel Nicolaus upped their price target on Precision Drilling from C$115.00 to C$125.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. CIBC raised their price target on shares of Precision Drilling from C$110.00 to C$130.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. Finally, Raymond James upped 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 report on Friday, April 26th.

Precision Drilling Price Performance

Shares of TSE:PD opened at C$96.20 on Friday. The business has a fifty day simple moving average of C$95.59 and a 200-day simple moving average of C$87.29. Precision Drilling has a 52 week low of C$61.52 and a 52 week high of C$104.90. The company has a market cap of C$1.39 billion, a P/E ratio of 5.83, a P/E/G ratio of -3.24 and a beta of 2.90. The company has a quick ratio of 1.36, a current ratio of 1.71 and a debt-to-equity ratio of 62.02.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its quarterly earnings data on Thursday, April 25th. The company reported C$2.53 EPS for the quarter, missing analysts’ consensus estimates of C$2.73 by C($0.20). The company had revenue of C$527.79 million for the quarter, compared to analyst estimates of C$539.50 million. Precision Drilling had a net margin of 12.06% and a return on equity of 15.46%. Equities research analysts forecast that Precision Drilling will post 9.2679426 EPS for the current year.

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.