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

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a 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$148.00.

A number of equities analysts have weighed in on the stock. TD reduced their price objective on shares of Precision Drilling from C$124.00 to C$116.00 and set a “hold” rating for the company in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce decreased their price target on shares of Precision Drilling from C$160.00 to C$155.00 in a research note on Thursday, July 30th. Finally, ATB Cormark Capital Markets cut their price objective on Precision Drilling from C$165.00 to C$160.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th.

Precision Drilling Stock Down 0.4%

PD opened at C$124.27 on Thursday. The company has a fifty day moving average of C$117.04 and a two-hundred day moving average of C$123.16. The stock has a market capitalization of C$1.60 billion, a price-to-earnings ratio of -52.66, a PEG ratio of -3.24 and a beta of 0.45. Precision Drilling has a fifty-two week low of C$74.51 and a fifty-two week high of C$143.81. The company has a debt-to-equity ratio of 43.54, a quick ratio of 1.36 and a current ratio of 1.46.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C($0.52) earnings per share (EPS) for the quarter. Precision Drilling had a negative return on equity of 2.03% and a negative net margin of 1.71%.The business had revenue of C$452.80 million for the quarter.

Precision Drilling Company Profile

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.