Precision Drilling Co. (TSE:PD – Get Free Report) (NYSE:PDS) has been assigned an average recommendation of “Buy” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$131.00.
Several equities analysts recently commented on PD shares. Royal Bank of Canada increased their target price 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. CIBC lifted their price objective on Precision Drilling from C$130.00 to C$140.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. ATB Capital increased their target price on Precision Drilling from C$120.00 to C$123.00 in a report on Thursday, August 1st. Raymond James lifted their price target on Precision Drilling from C$136.00 to C$143.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets increased their price objective on Precision Drilling from C$135.00 to C$140.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st.
Precision Drilling Stock Up 4.7 %
Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) last released its quarterly earnings results on Tuesday, July 30th. The company reported C$1.44 earnings per share for the quarter, beating the consensus estimate of C($0.85) by C$2.29. The firm had revenue of C$429.21 million for the quarter, compared to analysts’ expectations of C$423.50 million. Precision Drilling had a return on equity of 15.01% and a net margin of 11.71%. Equities research analysts expect that Precision Drilling will post 10.4319913 earnings per share for the current fiscal year.
Precision Drilling Company Profile
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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