Brokerages Set Precision Drilling Co. (TSE:PD) Target Price at C$119.00

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has received a consensus rating of “Buy” from the seven research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$119.00.

Several research analysts have commented on PD shares. ATB Capital increased their price objective on shares of Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. Raymond James decreased their target price on Precision Drilling from C$146.00 to C$141.00 in a research report on Friday, February 14th. Royal Bank of Canada cut their price target on Precision Drilling from C$121.00 to C$110.00 in a report on Friday, February 14th. TD Securities decreased their price objective on Precision Drilling from C$100.00 to C$89.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Finally, CIBC lowered their target price on Precision Drilling from C$125.00 to C$115.00 in a research report on Friday, February 14th.

Precision Drilling Price Performance

TSE PD opened at C$66.64 on Friday. The stock has a market cap of C$948.29 million, a price-to-earnings ratio of 3.92, a PEG ratio of -3.24 and a beta of 2.76. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98. Precision Drilling has a 12 month low of C$63.16 and a 12 month high of C$109.20. The company’s 50 day moving average is C$83.42 and its two-hundred day moving average is C$86.35.

Insider Activity

In other news, Director Carey Thomas Ford sold 5,108 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total transaction of C$396,686.26. Also, Senior Officer Veronica H. Foley sold 3,393 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of C$77.66, for a total value of C$263,499.70. Corporate insiders own 2.12% of the company’s stock.

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.