Investment Analysts’ Weekly Ratings Changes for Precision Drilling (PD)

A number of research firms have changed their ratings and price targets for Precision Drilling (TSE: PD):

  • 11/22/2018 – Precision Drilling had its price target lowered by analysts at Canaccord Genuity from C$4.75 to C$4.50. They now have an “average” rating on the stock.
  • 11/19/2018 – Precision Drilling was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating. They now have a C$5.00 price target on the stock, up previously from C$3.50.
  • 11/16/2018 – Precision Drilling had its “buy” rating reaffirmed by analysts at Cormark. They now have a C$6.75 price target on the stock.
  • 11/9/2018 – Precision Drilling was upgraded by analysts at Canaccord Genuity from a “hold” rating to a “buy” rating.
  • 10/30/2018 – Precision Drilling had its price target lowered by analysts at Raymond James from C$5.75 to C$5.60. They now have an “outperform” rating on the stock.
  • 10/16/2018 – Precision Drilling had its price target lowered by analysts at CIBC from C$7.00 to C$6.25.
  • 10/16/2018 – Precision Drilling had its price target lowered by analysts at Canaccord Genuity from C$5.25 to C$4.75.
  • 10/15/2018 – Precision Drilling had its price target lowered by analysts at Raymond James from C$6.50 to C$5.75.
  • 10/9/2018 – Precision Drilling had its price target raised by analysts at GMP Securities from C$7.00 to C$7.50.

Shares of PD stock opened at C$3.24 on Monday. The company has a debt-to-equity ratio of 98.19, a quick ratio of 1.73 and a current ratio of 1.85. Precision Drilling Corp has a 1-year low of C$3.03 and a 1-year high of C$5.33.

Precision Drilling (TSE:PD) (NYSE:PDS) last released its earnings results on Thursday, October 25th. The company reported C($0.10) EPS for the quarter, missing the consensus estimate of C($0.08) by C($0.02). The company had revenue of C$382.46 million during the quarter, compared to analyst estimates of C$395.40 million. As a group, equities analysts anticipate that Precision Drilling Corp will post -0.01 EPS for the current fiscal year.

In other Precision Drilling news, Director Wane Jacob Stickland bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was acquired at an average price of C$3.17 per share, with a total value of C$31,700.00. Insiders have purchased 32,000 shares of company stock valued at $88,100 in the last ninety days.

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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