Piper Jaffray set a $4.00 price target on Precision Drilling (NYSE:PDS) (TSE:PD) in a research note published on Thursday morning. The firm currently has a buy rating on the oil and gas company’s stock. Piper Jaffray also issued estimates for Precision Drilling’s FY2019 earnings at $0.00 EPS.
Other equities research analysts have also issued research reports about the stock. ValuEngine lowered shares of Precision Drilling from a sell rating to a strong sell rating in a report on Friday, February 2nd. Zacks Investment Research lowered shares of Precision Drilling from a buy rating to a hold rating in a report on Friday, January 5th. Finally, Credit Suisse Group reaffirmed a neutral rating and issued a $3.40 target price (up previously from $3.00) on shares of Precision Drilling in a report on Tuesday, February 27th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Precision Drilling presently has a consensus rating of Hold and a consensus target price of $4.36.
Shares of PDS stock opened at $2.79 on Thursday. Precision Drilling has a 52-week low of $2.26 and a 52-week high of $5.09. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.11 and a quick ratio of 1.99.
Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its holdings in Precision Drilling by 178.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 31,572 shares of the oil and gas company’s stock worth $120,000 after acquiring an additional 20,234 shares during the last quarter. Cushing Asset Management LP bought a new stake in Precision Drilling during the 4th quarter worth about $227,000. Jane Street Group LLC bought a new stake in Precision Drilling during the 3rd quarter worth about $406,000. Virtu Financial LLC grew its holdings in Precision Drilling by 106.7% during the 4th quarter. Virtu Financial LLC now owns 193,439 shares of the oil and gas company’s stock worth $584,000 after acquiring an additional 99,839 shares during the last quarter. Finally, Credit Capital Investments LLC grew its holdings in Precision Drilling by 1,993.2% during the 4th quarter. Credit Capital Investments LLC now owns 209,322 shares of the oil and gas company’s stock worth $632,000 after acquiring an additional 199,322 shares during the last quarter. 45.77% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: “Precision Drilling (PDS) Given a $4.00 Price Target by Piper Jaffray Analysts” was published by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3340851/precision-drilling-pds-given-a-4-00-price-target-by-piper-jaffray-analysts.html.
About Precision Drilling
Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.
Receive News & Ratings for Precision Drilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Precision Drilling and related companies with MarketBeat.com's FREE daily email newsletter.