TD Securities Lowers Precision Drilling (TSE:PD) Price Target to C$89.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective lowered by analysts at TD Securities from C$100.00 to C$89.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target suggests a potential upside of 14.35% from the company’s previous close.

Other analysts have also recently issued reports about the company. Royal Bank of Canada lowered their target price on Precision Drilling from C$121.00 to C$110.00 in a research note on Friday. CIBC lowered their target price on Precision Drilling from C$125.00 to C$115.00 in a research note on Friday. Raymond James lowered their target price on Precision Drilling from C$146.00 to C$141.00 in a research note on Friday. Finally, ATB Capital increased their target price on Precision Drilling from C$109.00 to C$123.00 in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$119.00.

Precision Drilling Trading Down 1.5 %

Shares of PD stock traded down C$1.21 on Friday, reaching C$77.83. The company had a trading volume of 127,621 shares, compared to its average volume of 111,976. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98. The stock has a market cap of C$1.11 billion, a PE ratio of 4.58, a PEG ratio of -3.24 and a beta of 2.76. The company has a 50-day moving average of C$87.20 and a 200-day moving average of C$89.40. Precision Drilling has a 12 month low of C$76.50 and a 12 month high of C$109.20.

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.