Precision Drilling (TSE:PD) Given a C$5.25 Price Target at Raymond James

Raymond James set a C$5.25 target price on Precision Drilling (TSE:PD) (NYSE:PDS) in a research report released on Wednesday, June 5th, BayStreet.CA reports. The firm currently has a strong-buy rating on the stock.

Several other equities research analysts have also recently weighed in on PD. Canaccord Genuity reduced their price target on Precision Drilling from C$4.50 to C$3.75 in a research note on Wednesday, May 29th. Evercore ISI upped their price target on Precision Drilling from C$4.00 to C$5.00 in a research note on Friday, April 26th. Evercore upped their price target on Precision Drilling from C$4.00 to C$5.00 in a research note on Friday, April 26th. BMO Capital Markets upped their price target on Precision Drilling from C$4.00 to C$5.00 and gave the stock an outperform rating in a research note on Friday, April 26th. Finally, National Bank Financial upped their price target on Precision Drilling from C$4.25 to C$4.50 and gave the stock an outperform rating in a research note on Thursday, April 25th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of C$5.02.

PD stock traded up C$0.04 during midday trading on Wednesday, hitting C$2.46. The company had a trading volume of 712,500 shares, compared to its average volume of 1,465,200. The company has a current ratio of 2.11, a quick ratio of 1.86 and a debt-to-equity ratio of 109.07. The company has a market capitalization of $722.70 million and a PE ratio of -2.87. The firm has a 50 day moving average price of C$2.55. Precision Drilling has a 52 week low of C$2.20 and a 52 week high of C$5.33.

In other Precision Drilling news, insider Dan Alexandru Solomon sold 342,000 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of C$22.32, for a total value of C$7,633,440.00. Also, Director Kevin A. Neveu bought 30,000 shares of the stock in a transaction on Thursday, May 30th. The stock was purchased at an average cost of C$2.44 per share, for a total transaction of C$73,260.00. Following the acquisition, the director now owns 1,009,024 shares of the company’s stock, valued at approximately C$2,464,036.61.

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.

Featured Article: What is a Swap?

Analyst Recommendations for Precision Drilling (TSE:PD)

Receive News & Ratings for Precision Drilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Precision Drilling and related companies with MarketBeat.com's FREE daily email newsletter.