Precision Drilling (TSE:PD) PT Raised to C$140.00 at TD Securities

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price boosted by research analysts at TD Securities from C$115.00 to C$140.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 35.27% from the company’s current price.

Other research analysts have also recently issued research reports about the company. CIBC raised their target price on Precision Drilling from C$130.00 to C$140.00 and gave the company an “outperform” rating in a research note on Wednesday. Raymond James raised their target price on Precision Drilling from C$132.00 to C$136.00 and gave the stock a “strong-buy” rating in a report on Friday, April 26th. Stifel Nicolaus boosted their price objective on Precision Drilling from C$115.00 to C$125.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. ATB Capital upped their price objective on Precision Drilling from C$120.00 to C$123.00 in a research note on Thursday. Finally, BMO Capital Markets boosted their price target on Precision Drilling from C$135.00 to C$140.00 and gave the stock an “outperform” rating in a report on Wednesday. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Precision Drilling has a consensus rating of “Buy” and a consensus target price of C$131.00.

Precision Drilling Stock Performance

Precision Drilling stock traded down C$2.72 during midday trading on Thursday, reaching C$103.50. The stock had a trading volume of 66,659 shares, compared to its average volume of 83,610. The firm has a market capitalization of C$1.50 billion, a PE ratio of 6.28, a P/E/G ratio of -3.24 and a beta of 2.90. The company has a quick ratio of 1.36, a current ratio of 1.71 and a debt-to-equity ratio of 62.02. The firm’s 50-day moving average price is C$96.42 and its 200 day moving average price is C$91.62. Precision Drilling has a 12 month low of C$67.46 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.