Precision Drilling Co. (TSE:PD) Receives Average Rating of “Buy” from Analysts

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been assigned an average recommendation of “Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$119.00.

Several equities research analysts have weighed in on the stock. CIBC lowered their price objective on shares of Precision Drilling from C$125.00 to C$115.00 in a research report on Friday, February 14th. TD Securities dropped their price objective on shares of Precision Drilling from C$100.00 to C$89.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Royal Bank of Canada decreased their price objective on Precision Drilling from C$121.00 to C$110.00 in a research report on Friday, February 14th. ATB Capital boosted their target price on Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th. Finally, Raymond James decreased their price target on Precision Drilling from C$146.00 to C$141.00 in a report on Friday, February 14th.

Insider Transactions at Precision Drilling

In related news, Senior Officer Veronica H. Foley sold 3,393 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total transaction of C$263,499.70. Also, Director Carey Thomas Ford sold 5,108 shares of Precision Drilling stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total value of C$396,686.26. 2.12% of the stock is owned by corporate insiders.

Precision Drilling Price Performance

Shares of PD stock opened at C$56.24 on Tuesday. The stock’s fifty day moving average is C$72.44 and its 200-day moving average is C$82.15. The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.36 and a current ratio of 1.54. Precision Drilling has a 52 week low of C$54.71 and a 52 week high of C$109.20. The stock has a market capitalization of C$800.30 million, a PE ratio of 3.31, a PEG ratio of -3.24 and a beta of 2.76.

About Precision Drilling

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments.