Precision Drilling Corp (NYSE:PDS) (TSE:PD) has received a consensus recommendation of “Buy” from the sixteen analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $3.65.
Several research analysts have commented on the stock. AltaCorp Capital reissued a “sector perform” rating on shares of STEP Energy Services in a report on Thursday, June 20th. Raymond James reissued a “buy” rating on shares of Precision Drilling in a report on Wednesday, June 5th. Morgan Stanley set a $207.00 price target on shares of Alibaba Group and gave the company a “buy” rating in a report on Friday, July 12th. BMO Capital Markets set a $32.00 price target on shares of Axalta Coating Systems and gave the company a “hold” rating in a report on Friday, April 26th. Finally, ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.
Shares of Precision Drilling stock traded up $0.02 on Tuesday, reaching $1.70. 433,806 shares of the company traded hands, compared to its average volume of 698,665. The business has a 50 day moving average of $1.81. Precision Drilling has a 52 week low of $1.62 and a 52 week high of $4.12. The company has a quick ratio of 1.99, a current ratio of 2.11 and a debt-to-equity ratio of 1.08.
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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