Precision Drilling (NYSE:PDS) (TSE:PD) had its target price decreased by Morgan Stanley from $3.50 to $3.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. Morgan Stanley currently has an overweight rating on the oil and gas company’s stock.
Several other brokerages have also recently issued reports on PDS. AltaCorp Capital reaffirmed a sector perform rating on shares of STEP Energy Services in a research note on Thursday, June 20th. ValuEngine cut shares of Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. Raymond James reaffirmed a buy rating on shares of Precision Drilling in a research note on Wednesday, June 5th. Jefferies Financial Group lifted their price objective on shares of Broadcom from $314.00 to $341.00 and gave the stock a buy rating in a research note on Friday, March 15th. Finally, CIBC reaffirmed a buy rating on shares of Precision Drilling in a research note on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $3.65.
Precision Drilling stock opened at $1.73 on Friday. The firm has a market cap of $537.62 million, a PE ratio of -6.65 and a beta of 2.27. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.99 and a current ratio of 2.11. The firm’s 50-day moving average is $1.82. Precision Drilling has a 52 week low of $1.62 and a 52 week high of $4.12.
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.
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