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

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been given a consensus rating of “Buy” by the nine research firms that are presently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$127.11.

Several equities research analysts recently issued reports on the company. TD Securities decreased their price target on Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating for the company in a report on Tuesday, October 8th. Raymond James reduced their target price on shares of Precision Drilling from C$143.00 to C$142.00 in a research note on Tuesday, October 15th. ATB Capital raised their price target on shares of Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th. Finally, BMO Capital Markets reduced their price objective on shares of Precision Drilling from C$140.00 to C$130.00 in a research report on Friday, October 4th.

Precision Drilling Stock Performance

Shares of PD opened at C$81.50 on Friday. The firm has a market capitalization of C$1.15 billion, a P/E ratio of 5.09, a P/E/G ratio of -3.24 and a beta of 2.76. Precision Drilling has a 52 week low of C$68.92 and a 52 week high of C$109.20. The stock has a 50 day moving average price of C$85.75 and a two-hundred day moving average price of C$91.22. The company has a debt-to-equity ratio of 56.37, a quick ratio of 1.36 and a current ratio of 1.51.

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.