Precision Drilling (TSE:PD – Free Report) (NYSE:PDS) had its price target lowered by ATB Capital from C$126.00 to C$120.00 in a report published on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
A number of other equities research analysts have also recently issued reports on PD. CIBC lifted 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 research note on Monday, April 22nd. Stifel Nicolaus lifted their price target on shares of 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. Finally, Raymond James lifted 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 research note on Friday, April 26th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Precision Drilling currently has an average rating of Buy and a consensus target price of C$126.55.
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Precision Drilling Stock Performance
Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) last issued its quarterly earnings data on Thursday, April 25th. The company reported C$2.53 EPS 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%. Equities research analysts predict that Precision Drilling will post 9.2679426 earnings per share for the current fiscal 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.
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