Precision Drilling (TSE:PD) Price Target Cut to C$120.00 by Analysts at ATB Capital

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective decreased by ATB Capital from C$126.00 to C$120.00 in a research report report published on Friday, BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on PD. Stifel Nicolaus upped their target price on shares of Precision Drilling from C$115.00 to C$125.00 and gave the stock a buy rating in a research note on Thursday, April 18th. Raymond James increased their price target on shares of Precision Drilling from C$132.00 to C$136.00 and gave the company a strong-buy rating in a report on Friday, April 26th. Finally, CIBC increased their price target on shares of Precision Drilling from C$110.00 to C$130.00 and gave the company an outperform rating in a report on Monday, April 22nd. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Precision Drilling has an average rating of Buy and an average price target of C$126.55.

Precision Drilling Price Performance

Precision Drilling has a 1-year low of C$61.52 and a 1-year high of C$104.90. The company’s fifty day moving average is C$95.71 and its 200-day moving average is C$87.57. The company has a current ratio of 1.71, a quick ratio of 1.36 and a debt-to-equity ratio of 62.02. The company has a market capitalization of C$1.39 billion, a price-to-earnings ratio of 5.83, a P/E/G ratio of -3.24 and a beta of 2.90.

Precision Drilling (TSE:PD) (NYSE:PDS) last released its earnings results on Thursday, April 25th. The company reported C$2.53 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.73 by C($0.20). The firm had revenue of C$527.79 million for the quarter, compared to analyst estimates of C$539.50 million. Precision Drilling had a return on equity of 15.46% and a net margin of 12.06%. On average, equities analysts expect that Precision Drilling will post 9.2679426 EPS for the current year.

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.