TD Raises Precision Drilling (TSE:PD) Price Target to C$127.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective hoisted by stock analysts at TD from C$123.00 to C$127.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD’s price objective indicates a potential downside of 1.07% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. National Bank Financial upped their price objective on shares of Precision Drilling from C$120.00 to C$140.00 and gave the stock a “sector perform” rating in a report on Friday, February 13th. BMO Capital Markets upped their price target on shares of Precision Drilling from C$120.00 to C$150.00 in a report on Thursday, February 12th. Raymond James Financial upped their price target on shares of Precision Drilling from C$143.00 to C$158.00 in a report on Monday, March 30th. TD Securities upped their price target on shares of Precision Drilling from C$118.00 to C$123.00 in a report on Thursday, February 12th. Finally, Royal Bank Of Canada upped their price target on shares of Precision Drilling from C$124.00 to C$140.00 and gave the company an “outperform” rating in a report 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$143.50.

Precision Drilling Stock Up 0.4%

TSE:PD traded up C$0.57 during trading hours on Monday, reaching C$128.38. The company’s stock had a trading volume of 31,440 shares, compared to its average volume of 90,949. The company has a market cap of C$1.66 billion, a price-to-earnings ratio of 917.00, a price-to-earnings-growth ratio of -3.24 and a beta of 0.59. Precision Drilling has a one year low of C$54.73 and a one year high of C$143.81. The business’s 50-day moving average is C$125.26 and its 200-day moving average is C$102.14. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.62 and a quick ratio of 1.36.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its quarterly earnings data on Thursday, February 12th. The company reported C($6.50) earnings per share (EPS) for the quarter. The business had revenue of C$478.51 million during the quarter. Precision Drilling had a return on equity of 0.11% and a net margin of 0.10%.

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.