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

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

PD has been the topic of a number of other research reports. ATB Capital raised their target price on shares of Precision Drilling from C$109.00 to C$123.00 in a research note on Tuesday, December 10th. TD Securities cut shares of Precision Drilling from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$120.00 to C$100.00 in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Precision Drilling presently has an average rating of “Buy” and a consensus price target of C$119.00.

Precision Drilling Stock Performance

Shares of PD traded down C$1.21 on Friday, reaching C$77.83. The company’s stock had a trading volume of 127,621 shares, compared to its average volume of 111,976. Precision Drilling has a 12-month low of C$76.50 and a 12-month high of C$109.20. The stock has a market capitalization of C$1.11 billion, a P/E ratio of 4.58, a PEG ratio of -3.24 and a beta of 2.76. The stock’s 50 day simple moving average is C$87.20 and its two-hundred day simple moving average is C$89.40. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36.

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.