Precision Drilling (TSE:PD) Hits New 12-Month Low – Here’s What Happened

Precision Drilling Co. (TSE:PD) (NYSE:PDS)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$76.50 and last traded at C$79.09, with a volume of 57998 shares traded. The stock had previously closed at C$80.35.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. TD Securities lowered shares of Precision Drilling from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$120.00 to C$100.00 in a report on Monday, February 3rd. ATB Capital raised their price objective on shares of Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Precision Drilling presently has an average rating of “Buy” and a consensus target price of C$126.43.

Precision Drilling Stock Up 0.4 %

The company has a debt-to-equity ratio of 56.37, a quick ratio of 1.36 and a current ratio of 1.51. The company has a market capitalization of C$1.14 billion, a PE ratio of 5.04, a P/E/G ratio of -3.24 and a beta of 2.76. The firm has a fifty day simple moving average of C$87.20 and a 200-day simple moving average of C$89.40.

Precision Drilling Company Profile

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.