Precision Drilling (TSE:PD) Given New C$136.00 Price Target at Raymond James

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price lifted by Raymond James from C$132.00 to C$136.00 in a research note published on Friday morning, BayStreet.CA reports. Raymond James currently has a strong-buy rating on the stock. Raymond James also issued estimates for Precision Drilling’s FY2028 earnings at $20.16 EPS.

Several other brokerages have also recently commented on PD. TD Securities lowered their target price on shares of Precision Drilling from C$125.00 to C$115.00 and set a buy rating on the stock in a report on Wednesday, February 7th. BMO Capital Markets lifted their price objective on Precision Drilling from C$125.00 to C$130.00 and gave the company an outperform rating in a report on Wednesday, February 7th. ATB Capital increased their target price on Precision Drilling from C$125.00 to C$126.00 in a report on Monday, April 8th. Stifel Nicolaus boosted their price target on Precision Drilling from C$115.00 to C$125.00 and gave the company a buy rating in a research note on Thursday, April 18th. Finally, Piper Sandler Companies cut their price objective on shares of Precision Drilling from C$107.00 to C$100.00 and set an overweight rating for the company in a research report on Monday, January 8th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Precision Drilling has a consensus rating of Buy and an average target price of C$127.09.

Precision Drilling Price Performance

Shares of TSE PD opened at C$98.91 on Friday. The business’s 50 day moving average is C$90.01 and its 200-day moving average is C$82.27. The firm has a market cap of C$1.43 billion, a P/E ratio of 5.06, a price-to-earnings-growth ratio of -3.24 and a beta of 2.92. Precision Drilling has a 1-year low of C$56.42 and a 1-year high of C$104.90. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 62.97.

Precision Drilling (TSE:PD) (NYSE:PDS) last released its quarterly earnings results on Thursday, April 25th. The company reported C$2.53 EPS for the quarter, missing the consensus estimate of C$2.73 by C($0.20). Precision Drilling had a net margin of 14.93% and a return on equity of 20.61%. The business had revenue of C$527.79 million during the quarter, compared to analyst estimates of C$539.50 million. Equities research analysts predict that Precision Drilling will post 8.6166667 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Carey Thomas Ford sold 3,756 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of C$62.16, for a total transaction of C$233,472.96. In other news, Director Carey Thomas Ford sold 3,756 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of C$62.16, for a total value of C$233,472.96. Also, Senior Officer Veronica H. Foley sold 7,878 shares of Precision Drilling stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of C$62.16, for a total transaction of C$489,696.48. Over the last 90 days, insiders sold 21,373 shares of company stock valued at $1,329,227. 1.32% of the stock is currently owned by corporate insiders.

Precision Drilling Company Profile

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.