Precision Drilling (TSE:PD) Price Target Raised to C$150.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective raised by Royal Bank Of Canada from C$140.00 to C$150.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

PD has been the subject of a number of other reports. National Bank Financial upped their price target on shares of Precision Drilling from C$120.00 to C$140.00 and gave the stock a “sector perform” rating in a research report on Friday, February 13th. Raymond James Financial upped their target price on Precision Drilling from C$143.00 to C$158.00 in a research report on Monday, March 30th. TD Securities upped their price target on Precision Drilling from C$118.00 to C$123.00 in a report on Thursday, February 12th. TD upped their price target on Precision Drilling from C$123.00 to C$127.00 and gave the stock a “hold” rating in a report on Monday. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Precision Drilling from C$140.00 to C$150.00 in a research note on Tuesday, March 24th. Three 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, Precision Drilling currently has an average rating of “Moderate Buy” and a consensus target price of C$144.75.

Precision Drilling Stock Down 0.6%

Shares of TSE:PD opened at C$121.55 on Tuesday. The company has a debt-to-equity ratio of 49.96, a quick ratio of 1.36 and a current ratio of 1.62. Precision Drilling has a 1 year low of C$54.73 and a 1 year high of C$143.81. The stock has a 50-day simple moving average of C$126.20 and a 200-day simple moving average of C$103.03. The stock has a market capitalization of C$1.57 billion, a P/E ratio of 868.21, a PEG ratio of -3.24 and a beta of 0.59.

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