A number of other analysts have also recently commented on the company. Jefferies Financial Group cut Precision Drilling from a “buy” rating to a “hold” rating and cut their target price for the stock from $3.00 to $2.60 in a research report on Friday, March 15th. Raymond James upgraded Precision Drilling from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, January 30th. National Bank Financial began coverage on Precision Drilling in a research report on Friday, December 21st. They issued an “outperform” rating on the stock. BMO Capital Markets restated a “buy” rating on shares of Precision Drilling in a research report on Tuesday, December 11th. Finally, Zacks Investment Research cut Precision Drilling from a “hold” rating to a “sell” rating in a research report on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. Precision Drilling has a consensus rating of “Buy” and a consensus price target of $3.92.
Shares of PDS traded down $0.12 during midday trading on Monday, reaching $2.81. 988,102 shares of the stock were exchanged, compared to its average volume of 1,242,603. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.73 and a current ratio of 1.85. Precision Drilling has a twelve month low of $1.62 and a twelve month high of $4.14. The stock has a market capitalization of $849.03 million, a P/E ratio of -10.81 and a beta of 2.28.
Precision Drilling Company Profile
Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related services and products. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.
Featured Article: What is the return on assets (ROA) ratio?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Precision Drilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Precision Drilling and related companies with MarketBeat.com's FREE daily email newsletter.