Precision Drilling (TSE:PD) Given New C$123.00 Price Target at ATB Capital

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective raised by ATB Capital from C$109.00 to C$123.00 in a report published on Tuesday,BayStreet.CA reports.

Several other equities analysts also recently commented on PD. BMO Capital Markets lowered their target price on shares of Precision Drilling from C$140.00 to C$130.00 in a research report on Friday, October 4th. Raymond James lowered their price objective on Precision Drilling from C$143.00 to C$142.00 in a report on Tuesday, October 15th. Finally, TD Securities reduced their target price on Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating for the company in a report 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$127.11.

Precision Drilling Price Performance

Shares of PD opened at C$87.42 on Tuesday. The company has a debt-to-equity ratio of 56.37, a quick ratio of 1.36 and a current ratio of 1.51. The firm has a market cap of C$1.23 billion, a PE ratio of 5.46, a PEG ratio of -3.24 and a beta of 2.76. The firm’s 50 day moving average price is C$86.17 and its 200 day moving average price is C$91.82. Precision Drilling has a twelve month low of C$67.46 and a twelve 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.