Precision Drilling (TSE:PD) Stock Price Expected to Rise, National Bank Financial Analyst Says

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price boosted by investment analysts at National Bank Financial from C$140.00 to C$150.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 15.87% from the stock’s previous close.

A number of other brokerages have also recently commented on PD. TD boosted their target price on shares of Precision Drilling from C$127.00 to C$130.00 and gave the company a “hold” rating in a report on Friday. BMO Capital Markets boosted their target price on shares of Precision Drilling from C$160.00 to C$165.00 in a report on Thursday. Raymond James Financial boosted their target price on shares of Precision Drilling from C$143.00 to C$158.00 in a report on Monday, March 30th. Royal Bank Of Canada boosted their target price on shares of Precision Drilling from C$140.00 to C$150.00 and gave the company an “outperform” rating in a report on Tuesday, April 14th. Finally, ATB Cormark Capital Markets upped their price target on shares of Precision Drilling from C$135.00 to C$160.00 and gave the stock an “outperform” rating in a research note on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$152.25.

Precision Drilling Trading Up 2.2%

Precision Drilling stock traded up C$2.75 during mid-day trading on Friday, reaching C$129.45. 77,339 shares of the company traded hands, compared to its average volume of 96,644. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.62 and a quick ratio of 1.36. The firm’s 50 day moving average price is C$127.45 and its 200 day moving average price is C$106.26. The firm has a market capitalization of C$1.68 billion, a price-to-earnings ratio of 924.64, a P/E/G ratio of -3.24 and a beta of 0.59. Precision Drilling has a 52-week low of C$54.73 and a 52-week high of C$143.81.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$1.34 earnings per share (EPS) for the quarter. Precision Drilling had a net margin of 0.10% and a return on equity of 0.11%. The business had revenue of C$526.05 million for the quarter.

About Precision Drilling

Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha¿ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen¿ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations.