Brokerages Set Precision Drilling Co. (TSE:PD) Price Target at C$152.25

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$152.25.

A number of research analysts have recently issued reports on the stock. TD Securities raised their price target on shares of Precision Drilling from C$118.00 to C$123.00 in a research report on Thursday, February 12th. Raymond James Financial lifted their price objective on shares of Precision Drilling from C$162.00 to C$165.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. BMO Capital Markets lifted their price objective on shares of Precision Drilling from C$160.00 to C$165.00 in a research report on Thursday, April 30th. TD lifted their price objective on shares of Precision Drilling from C$127.00 to C$130.00 and gave the company a “hold” rating in a research report on Friday, May 1st. Finally, National Bank Financial lifted their price objective on shares of Precision Drilling from C$140.00 to C$150.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st.

Precision Drilling Trading Up 1.3%

Precision Drilling stock opened at C$127.60 on Friday. The firm’s 50-day moving average is C$128.18 and its 200-day moving average is C$108.73. The company has a debt-to-equity ratio of 45.24, a quick ratio of 1.36 and a current ratio of 1.70. Precision Drilling has a 1 year low of C$56.04 and a 1 year high of C$143.81. The company has a market cap of C$1.65 billion, a P/E ratio of -122.69, a PEG ratio of -3.24 and a beta of 0.74.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its quarterly earnings results on Thursday, April 30th. The company reported C$1.34 earnings per share (EPS) for the quarter. Precision Drilling had a negative net margin of 0.82% and a negative return on equity of 0.94%. The company 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.