Precision Drilling (TSE:PD) (NYSE:PDS) had its target price dropped by analysts at AltaCorp Capital from C$1.75 to C$1.10 in a research report issued on Wednesday, BayStreet.CA reports. AltaCorp Capital’s target price points to a potential upside of 139.13% from the company’s current price.
Several other equities analysts have also weighed in on PD. Canaccord Genuity lowered shares of Precision Drilling from a “buy” rating to a “hold” rating and reduced their price target for the company from C$3.00 to C$1.00 in a research report on Tuesday, March 10th. Tudor Pickering restated a “buy” rating on shares of Precision Drilling in a research report on Tuesday, January 7th. Tudor Pickering & Holt restated a “hold” rating on shares of Precision Drilling in a research report on Wednesday. National Bank Financial reduced their price target on shares of Precision Drilling from C$2.50 to C$1.50 and set an “outperform” rating for the company in a research report on Tuesday. Finally, BMO Capital Markets increased their price target on shares of Precision Drilling from C$2.50 to C$3.00 in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Precision Drilling presently has a consensus rating of “Buy” and a consensus price target of C$1.85.
PD opened at C$0.46 on Wednesday. The firm has a market cap of $112.75 million and a P/E ratio of 23.00. The firm has a 50-day moving average of C$1.30 and a 200 day moving average of C$1.55. The company has a debt-to-equity ratio of 97.85, a quick ratio of 1.48 and a current ratio of 1.93. Precision Drilling has a fifty-two week low of C$0.39 and a fifty-two week high of C$4.05.
Precision Drilling Company Profile
Precision Drilling Corporation, an oilfield services company, 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.
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