Precision Drilling (TSE:PD - Get Free Report) NYSE: PDS had its price target raised by equities research analysts at CIBC from C$110.00 to C$130.00 in a report released on Monday, BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. CIBC's price target points to a potential upside of 44.06% from the stock's previous close.
A number of other analysts have also recently issued reports on the company. BMO Capital Markets upped their target price on Precision Drilling from C$125.00 to C$130.00 and gave the company an "outperform" rating in a research report on Wednesday, February 7th. Piper Sandler Companies lowered their target price on shares of Precision Drilling from C$107.00 to C$100.00 and set an "overweight" rating on the stock in a research report on Monday, January 8th. Evercore reduced their price target on shares of Precision Drilling from C$142.00 to C$139.00 and set an "outperform" rating for the company in a research report on Wednesday, February 7th. Raymond James lowered their price objective on shares of Precision Drilling from C$137.00 to C$132.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, February 7th. Finally, Stifel Nicolaus lifted their price objective on shares of Precision Drilling from C$115.00 to C$125.00 and gave the company a "buy" rating in a research note on Thursday. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Precision Drilling currently has an average rating of "Buy" and an average target price of C$126.73.
Check Out Our Latest Analysis on PD
Precision Drilling Stock Down 1.7 %
Shares of TSE:PD traded down C$1.55 during trading hours on Monday, reaching C$90.24. The stock had a trading volume of 109,050 shares, compared to its average volume of 82,505. Precision Drilling has a 1 year low of C$56.42 and a 1 year high of C$104.90. The firm's 50 day moving average is C$89.02 and its 200-day moving average is C$81.83. The stock has a market capitalization of C$1.31 billion, a price-to-earnings ratio of 4.62, a P/E/G ratio of -3.24 and a beta of 2.92. The company has a debt-to-equity ratio of 62.97, a quick ratio of 1.36 and a current ratio of 1.40.
Precision Drilling (TSE:PD - Get Free Report) NYSE: PDS last issued its earnings results on Tuesday, February 6th. The company reported C$4.70 earnings per share for the quarter, topping the consensus estimate of C$2.82 by C$1.88. Precision Drilling had a return on equity of 20.61% and a net margin of 14.93%. The business had revenue of C$506.87 million for the quarter, compared to analyst estimates of C$476.00 million. Research analysts predict that Precision Drilling will post 8.6166667 earnings per share for the current fiscal year.
Insider Activity
In other news, Senior Officer Veronica H. Foley sold 7,878 shares of the company's stock in a transaction on Monday, February 12th. The shares were sold at an average price of C$62.16, for a total transaction of C$489,696.48. In related news, Senior Officer Veronica H. Foley sold 7,878 shares of the company's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of C$62.16, for a total value of C$489,696.48. Also, Director Carey Thomas Ford sold 3,756 shares of Precision Drilling stock in a transaction on Monday, February 12th. The stock was sold at an average price of C$62.16, for a total value of C$233,472.96. Insiders sold 21,373 shares of company stock valued at $1,329,227 in the last three months. 1.32% of the stock is currently owned by company insiders.
Precision Drilling Company Profile
(Get Free Report)
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.
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