Precision Drilling (TSE:PD) Price Target Lowered to C$142.00 at Raymond James

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective reduced by Raymond James from C$143.00 to C$142.00 in a research note released on Tuesday, BayStreet.CA reports.

Other analysts have also issued reports about the company. CIBC boosted 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, July 31st. Royal Bank of Canada upped their price objective on shares of Precision Drilling from C$122.00 to C$125.00 and gave the company an outperform rating in a report on Thursday, August 1st. BMO Capital Markets reduced their target price on shares of Precision Drilling from C$140.00 to C$130.00 in a research note on Friday, October 4th. ATB Capital dropped their price target on shares of Precision Drilling from C$123.00 to C$113.00 in a research note on Monday, September 23rd. Finally, TD Securities reduced their price objective on shares of Precision Drilling from C$140.00 to C$120.00 and set a buy rating for the company in a research note on Tuesday, October 8th. 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, the company currently has a consensus rating of Buy and a consensus price target of C$126.90.

Precision Drilling Trading Down 4.9 %

Shares of Precision Drilling stock opened at C$82.72 on Tuesday. The firm has a market cap of C$1.17 billion, a PE ratio of 5.16, a P/E/G ratio of -3.24 and a beta of 2.76. Precision Drilling has a 1 year low of C$67.46 and a 1 year high of C$109.20. The company has a debt-to-equity ratio of 56.37, a current ratio of 1.51 and a quick ratio of 1.36. The stock has a fifty day moving average price of C$91.15 and a 200-day moving average price of C$94.59.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.85) by C$2.29. The business had revenue of C$429.21 million during the quarter, compared to the consensus estimate of C$423.50 million. Precision Drilling had a net margin of 11.71% and a return on equity of 15.01%.

Insider Transactions at Precision Drilling

In other news, Senior Officer Veronica H. Foley sold 5,335 shares of Precision Drilling stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$99.49, for a total transaction of C$530,779.18. In other news, Senior Officer Veronica H. Foley sold 5,335 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of C$99.49, for a total value of C$530,779.18. Also, Director David Williams sold 3,500 shares of Precision Drilling stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$100.01, for a total transaction of C$350,035.00. Insiders own 2.12% of the company’s stock.

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.