Precision Drilling Corp (PD) Receives C$5.20 Consensus Target Price from Analysts

Shares of Precision Drilling Corp (TSE:PD) (NYSE:PDS) have earned an average rating of “Buy” from the eleven analysts that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$5.20.

Several equities research analysts recently commented on the company. BMO Capital Markets boosted their price target on Precision Drilling from C$4.00 to C$5.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. National Bank Financial boosted their price target on Precision Drilling from C$4.00 to C$4.25 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Evercore ISI boosted their price target on Precision Drilling from C$4.00 to C$5.00 in a research note on Friday, April 26th. Raymond James boosted their price target on Precision Drilling from C$5.00 to C$5.25 and gave the company a “strong-buy” rating in a research note on Friday, April 26th. Finally, CIBC boosted their price target on Precision Drilling from C$4.00 to C$4.25 in a research note on Tuesday, March 19th.

In other Precision Drilling news, insider Dan Alexandru Solomon sold 342,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of C$22.32, for a total transaction of C$7,633,440.00.

Shares of TSE PD traded down C$0.09 during trading hours on Monday, hitting C$2.86. The stock had a trading volume of 932,400 shares, compared to its average volume of 1,524,848. The stock has a market cap of $840.22 million and a price-to-earnings ratio of -3.33. Precision Drilling has a 52 week low of C$2.25 and a 52 week high of C$5.33. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.86 and a current ratio of 2.11.

About Precision Drilling

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.

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Analyst Recommendations for Precision Drilling (TSE:PD)

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