Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) had its target price reduced by ATB Capital from C$123.00 to C$113.00 in a note issued to investors on Monday, BayStreet.CA reports. ATB Capital’s price target indicates a potential upside of 27.44% from the company’s current price.
PD has been the topic of several other reports. CIBC raised their price target on Precision Drilling from C$130.00 to C$140.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. TD Securities upped their price objective on shares of Precision Drilling from C$115.00 to C$140.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. BMO Capital Markets lifted their target price on shares of Precision Drilling from C$135.00 to C$140.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Raymond James upped their price target on Precision Drilling from C$136.00 to C$143.00 and gave the company a “strong-buy” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada lifted their price target on shares of Precision Drilling from C$122.00 to C$125.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$130.00.
View Our Latest Research Report on Precision Drilling
Precision Drilling Stock Performance
Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) last posted its earnings results on Tuesday, July 30th. The company reported C$1.44 earnings per share for the quarter, topping analysts’ consensus estimates of C($0.85) by C$2.29. The business had revenue of C$429.21 million for the quarter, compared to analyst estimates of C$423.50 million. Precision Drilling had a net margin of 11.71% and a return on equity of 15.01%. On average, equities analysts expect that Precision Drilling will post 12.8202568 earnings per share for the current fiscal year.
Insider Activity at Precision Drilling
In other news, Senior Officer Veronica H. Foley sold 5,335 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$99.49, for a total value of C$530,779.18. In other news, Director David Williams sold 3,500 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$100.01, for a total transaction of C$350,035.00. Also, Senior Officer Veronica H. Foley sold 5,335 shares of Precision Drilling stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$99.49, for a total transaction of C$530,779.18. 2.12% of the stock is currently owned by insiders.
Precision Drilling Company Profile
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.
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