Precision Drilling (TSE:PD) Price Target Increased to C$136.00 by Analysts at Raymond James

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price increased by Raymond James from C$132.00 to C$136.00 in a report published on Friday, BayStreet.CA reports. Raymond James currently has a strong-buy rating on the stock. Raymond James also issued estimates for Precision Drilling’s FY2028 earnings at $20.16 EPS.

PD has been the subject of a number of other research reports. Royal Bank of Canada decreased their target price on shares of Precision Drilling from C$125.00 to C$122.00 in a research note on Friday, January 12th. CIBC boosted their target price on Precision Drilling from C$110.00 to C$130.00 and gave the company an outperform rating in a research note on Monday, April 22nd. Piper Sandler Companies dropped their target price on Precision Drilling from C$107.00 to C$100.00 and set an overweight rating on the stock in a research report on Monday, January 8th. Evercore reduced their price target on Precision Drilling from C$142.00 to C$139.00 and set an outperform rating for the company in a report on Wednesday, February 7th. Finally, ATB Capital boosted their price target on Precision Drilling from C$125.00 to C$126.00 in a research note on Monday, April 8th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of C$127.09.

Precision Drilling Stock Up 5.1 %

Shares of TSE:PD opened at C$98.91 on Friday. The firm has a 50 day simple moving average of C$90.01 and a 200 day simple moving average of C$82.27. Precision Drilling has a 52 week low of C$56.42 and a 52 week high of C$104.90. The company has a debt-to-equity ratio of 62.97, a quick ratio of 1.36 and a current ratio of 1.40. The company has a market cap of C$1.43 billion, a PE ratio of 5.06, a price-to-earnings-growth ratio of -3.24 and a beta of 2.92.

Precision Drilling (TSE:PD) (NYSE:PDS) last announced its earnings results on Thursday, April 25th. The company reported C$2.53 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.73 by C($0.20). The firm had revenue of C$527.79 million for the quarter, compared to analyst estimates of C$539.50 million. Precision Drilling had a net margin of 14.93% and a return on equity of 20.61%. As a group, research analysts expect that Precision Drilling will post 8.6166667 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Carey Thomas Ford sold 7,976 shares of Precision Drilling stock in a transaction on Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total value of C$496,346.48. In other Precision Drilling news, Senior Officer Veronica H. Foley sold 1,763 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of C$62.23, for a total transaction of C$109,711.49. Also, Director Carey Thomas Ford sold 7,976 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total transaction of C$496,346.48. In the last three months, insiders sold 21,373 shares of company stock valued at $1,329,227. Company insiders own 1.32% 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.