Precision Drilling (TSE:PD) Given New C$141.00 Price Target at Raymond James

Precision Drilling (TSE:PD) (NYSE:PDS) had its price target cut by equities research analysts at Raymond James from C$146.00 to C$141.00 in a note issued to investors on Friday,BayStreet.CA reports. Raymond James’ price target would suggest a potential upside of 81.16% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. ATB Capital upped their price objective on shares of Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. TD Securities downgraded shares of Precision Drilling from a “buy” rating to a “hold” rating and cut their price objective for the company from C$120.00 to C$100.00 in a report on Monday, February 3rd. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Precision Drilling currently has a consensus rating of “Buy” and a consensus target price of C$119.00.

Precision Drilling Stock Down 1.5 %

Precision Drilling stock traded down C$1.21 during trading hours on Friday, reaching C$77.83. The stock had a trading volume of 127,621 shares, compared to its average volume of 111,976. The company has a market cap of C$1.11 billion, a price-to-earnings ratio of 4.58, a PEG ratio of -3.24 and a beta of 2.76. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36. The business’s 50 day moving average price is C$87.20 and its 200-day moving average price is C$89.40. Precision Drilling has a 52 week low of C$76.50 and a 52 week high of C$109.20.

About Precision Drilling

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.