Precision Drilling (TSE:PD) PT Lowered to C$1.10

Share on StockTwits

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.

In other Precision Drilling news, Director Allen R. Hagerman bought 50,000 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was purchased at an average price of C$0.58 per share, for a total transaction of C$29,000.00. Following the completion of the transaction, the director now directly owns 74,277 shares of the company’s stock, valued at C$43,080.66. Insiders have acquired 67,500 shares of company stock valued at $40,835 in the last quarter.

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.

Recommended Story: Green Investing

Analyst Recommendations for Precision Drilling (TSE:PD)

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.



Latest News

Mitchell Mcleod Pugh & Williams Inc. Has $252,000 Holdings in General Electric
Mitchell Mcleod Pugh & Williams Inc. Has $252,000 Holdings in General Electric
Mitchell Mcleod Pugh & Williams Inc. Acquires 500 Shares of Starbucks Co.
Mitchell Mcleod Pugh & Williams Inc. Acquires 500 Shares of Starbucks Co.
Bank of America  PT Lowered to $20.00 at UBS Group
Bank of America PT Lowered to $20.00 at UBS Group
IFM Investors Pty Ltd Sells 5,253 Shares of Walmart Inc
IFM Investors Pty Ltd Sells 5,253 Shares of Walmart Inc
Macquarie Group Ltd. Has $2.83 Million Position in Valero Energy Co.
Macquarie Group Ltd. Has $2.83 Million Position in Valero Energy Co.
Marquette Asset Management LLC Increases Stock Position in Boeing Co
Marquette Asset Management LLC Increases Stock Position in Boeing Co


© 2006-2020 Ticker Report