Precision Drilling Corp (TSE:PD) (NYSE:PDS)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$2.24 and last traded at C$2.27, with a volume of 1678731 shares. The stock had previously closed at C$2.41.
PD has been the topic of several analyst reports. TD Securities lifted their price target 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 lifted their price target on shares of Precision Drilling from C$4.00 to C$4.25 in a report on Friday, February 15th. Evercore lifted their price target on shares of Precision Drilling from C$3.00 to C$4.00 in a report on Tuesday, February 19th. Evercore ISI boosted their price objective on shares of Precision Drilling from C$3.00 to C$4.00 in a report on Tuesday, February 19th. Finally, Raymond James set a C$5.00 price objective on shares of Precision Drilling and gave the company a “strong-buy” rating in a report on Wednesday, February 27th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$5.02.
The firm has a market cap of $716.83 million and a price-to-earnings ratio of -2.60. The company has a current ratio of 2.11, a quick ratio of 1.86 and a debt-to-equity ratio of 109.07.
Precision Drilling Company Profile (TSE:PD)
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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