Precision Drilling Co. (TSE:PD) Given Average Recommendation of “Buy” by Analysts

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has been given an average rating of “Buy” by the seven brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$119.00.

Several brokerages have recently issued reports on PD. Raymond James decreased their price objective on Precision Drilling from C$146.00 to C$141.00 in a research report on Friday, February 14th. CIBC lowered their price objective on shares of Precision Drilling from C$125.00 to C$115.00 in a research report on Friday, February 14th. Royal Bank of Canada reduced their target price on shares of Precision Drilling from C$121.00 to C$110.00 in a research note on Friday, February 14th. TD Securities dropped their price target on Precision Drilling from C$100.00 to C$89.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Finally, ATB Capital upped their price objective on Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th.

Precision Drilling Price Performance

Shares of PD stock opened at C$62.54 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.54 and a debt-to-equity ratio of 51.98. The firm has a market cap of C$889.95 million, a price-to-earnings ratio of 3.68, a PEG ratio of -3.24 and a beta of 2.76. The stock has a 50-day moving average price of C$81.45 and a 200 day moving average price of C$85.54. Precision Drilling has a 12 month low of C$62.16 and a 12 month high of C$109.20.

Insiders Place Their Bets

In other news, Director Carey Thomas Ford sold 5,108 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of C$77.66, for a total value of C$396,686.26. Also, Senior Officer Veronica H. Foley sold 3,393 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total transaction of C$263,499.70. Company insiders own 2.12% of the company’s stock.

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.