Precision Drilling (NYSE:PDS) (TSE:PD) had its target price decreased by investment analysts at Morgan Stanley from $3.50 to $3.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. The brokerage presently has an “overweight” rating on the oil and gas company’s stock. Morgan Stanley’s price target suggests a potential upside of 63.93% from the company’s current price.
Other equities analysts have also issued research reports about the stock. BMO Capital Markets set a $32.00 target price on shares of Axalta Coating Systems and gave the company a “hold” rating in a report on Friday, April 26th. CIBC reaffirmed a “buy” rating on shares of Precision Drilling in a research note on Tuesday, March 19th. AltaCorp Capital reaffirmed a “sector perform” rating on shares of STEP Energy Services in a research note on Thursday, June 20th. Jefferies Financial Group lifted their price target on shares of Broadcom from $314.00 to $341.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Finally, ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. Precision Drilling has a consensus rating of “Buy” and an average price target of $3.65.
NYSE:PDS opened at $1.83 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.11 and a quick ratio of 1.99. The firm has a market cap of $546.43 million, a price-to-earnings ratio of -7.04 and a beta of 2.27. The company’s fifty day simple moving average is $1.83. Precision Drilling has a twelve month low of $1.62 and a twelve month high of $4.12.
Precision Drilling Company Profile
Precision Drilling Corporation, an oilfield services company, 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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