Several other research firms also recently issued reports on PDS. Canaccord Genuity raised Precision Drilling from a hold rating to a buy rating in a research note on Friday, November 9th. Scotiabank downgraded Precision Drilling from a sector perform rating to an underperform rating in a research note on Thursday, November 29th. Raymond James reaffirmed a buy rating on shares of Precision Drilling in a research note on Tuesday, October 30th. Zacks Investment Research raised Precision Drilling from a sell rating to a hold rating in a research note on Saturday. Finally, ValuEngine downgraded Precision Drilling from a hold rating to a sell rating in a research note on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Precision Drilling currently has an average rating of Buy and a consensus target price of $4.40.
NYSE:PDS opened at $2.45 on Friday. The firm has a market cap of $719.76 million, a PE ratio of -8.75 and a beta of 2.35. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.85 and a quick ratio of 1.73. Precision Drilling has a 52-week low of $1.62 and a 52-week high of $4.14.
About Precision Drilling
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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