Precision Drilling (PD) PT Raised to C$4.25

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective increased by analysts at National Bank Financial from C$4.00 to C$4.25 in a research report issued on Tuesday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 28.79% from the company’s current price.

PD has been the subject of several other reports. TD Securities increased their target price on shares of Precision Drilling from C$5.00 to C$5.50 and gave the stock a “buy” rating in a report on Friday, February 15th. BMO Capital Markets increased their price objective on shares of Precision Drilling from C$4.00 to C$4.25 in a report on Friday, February 15th. Canaccord Genuity cut their price objective on shares of Precision Drilling from C$4.50 to C$4.00 and set a “buy” rating for the company in a report on Thursday, January 10th. Raymond James reaffirmed a “strong-buy” rating and set a C$5.00 price objective on shares of Precision Drilling in a report on Wednesday, January 30th. Finally, Citigroup raised shares of Precision Drilling from a “neutral” rating to a “buy” rating and increased their price objective for the company from C$3.50 to C$5.00 in a report on Monday, November 19th. One research analyst has rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$4.88.

Precision Drilling stock opened at C$3.30 on Tuesday. The company has a market capitalization of $884.28 million and a P/E ratio of -3.29. Precision Drilling has a 12-month low of C$2.25 and a 12-month high of C$5.33. The company has a quick ratio of 1.45, a current ratio of 1.85 and a debt-to-equity ratio of 109.53.

In other Precision Drilling news, insider Kevin A. Neveu bought 100,000 shares of the business’s stock in a transaction that occurred on Friday, December 21st. The stock was purchased at an average cost of C$1.75 per share, with a total value of C$175,300.00. Following the completion of the acquisition, the insider now owns 907,596 shares in the company, valued at approximately C$1,591,015.79. Also, insider Carey Thomas Ford bought 17,750 shares of the business’s stock in a transaction that occurred on Wednesday, December 26th. The stock was acquired at an average cost of C$2.25 per share, with a total value of C$39,924.72. Following the completion of the acquisition, the insider now owns 100,906 shares of the company’s stock, valued at approximately C$226,965.85.

Precision Drilling Company Profile

Precision Drilling Corporation 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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Analyst Recommendations for Precision Drilling (TSE:PD)

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