Precision Drilling (TSE:PD) PT Lowered to C$160.00

Posted by Defense World Staff on Apr 12th, 2023

Precision Drilling (TSE:PD – Get Rating) (NYSE:PDS) had its price objective dropped by analysts at ATB Capital from C$174.00 to C$160.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. ATB Capital’s price objective would suggest a potential upside of 134.64% from the stock’s previous close.

PD has been the topic of a number of other research reports. Raymond James decreased their price objective on shares of Precision Drilling from C$140.00 to C$135.00 and set a “strong-buy” rating on the stock in a research report on Monday, February 13th. CIBC upped their price target on Precision Drilling from C$125.00 to C$150.00 in a research report on Tuesday, January 17th. Canaccord Genuity Group upgraded Precision Drilling from a “hold” rating to a “buy” rating and dropped their price objective for the stock from C$100.00 to C$90.00 in a report on Wednesday, March 29th. Finally, BMO Capital Markets reduced their target price on Precision Drilling from C$140.00 to C$115.00 in a research note on Monday, March 27th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Precision Drilling has a consensus rating of “Buy” and an average target price of C$131.00.

Precision Drilling Stock Performance

TSE:PD opened at C$68.19 on Monday. Precision Drilling has a 1-year low of C$61.79 and a 1-year high of C$116.60. The company has a debt-to-equity ratio of 93.78, a current ratio of 1.15 and a quick ratio of 1.36. The business has a 50 day moving average of C$77.08 and a 200 day moving average of C$91.04. The company has a market capitalization of C$935.57 million, a price-to-earnings ratio of -27.95, a PEG ratio of -3.24 and a beta of 3.18.

Precision Drilling (TSE:PD – Get Rating) (NYSE:PDS) last issued its earnings results on Thursday, February 9th. The company reported C$0.27 EPS for the quarter, missing analysts’ consensus estimates of C$2.60 by C($2.33). Precision Drilling had a negative return on equity of 2.79% and a negative net margin of 2.12%. The business had revenue of C$510.50 million during the quarter, compared to analysts’ expectations of C$486.40 million. On average, sell-side analysts predict that Precision Drilling will post 15.9254079 earnings per share for the current fiscal year.

Insider Activity

In other Precision Drilling news, Senior Officer Veronica H. Foley sold 6,778 shares of the stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of C$65.10, for a total transaction of C$441,247.80. In other news, Director Carey Thomas Ford sold 10,617 shares of the business’s stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of C$65.10, for a total transaction of C$691,166.70. Also, Senior Officer Veronica H. Foley sold 6,778 shares of the stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of C$65.10, for a total transaction of C$441,247.80. Corporate insiders own 1.39% of the company’s stock.

About Precision Drilling

(Get Rating)

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 in two segments, Contract Drilling Services; and Completion and Production Services.

Precision Drilling (TSE:PD) PT Lowered to C$160.00

Precision Drilling Stock Performance

Insider Activity

About Precision Drilling

Further Reading

You might be interested in: