Precision Drilling (TSE:PD) Shares Cross Above 50 Day Moving Average - Should You Sell?
Precision Drilling (TSE:PD) shares have crossed above their fifty-day moving average of C$87.92, trading as high as C$94.77. The stock last traded at C$94.19 with a volume of 127,049 shares. Analysts have mixed views, with price targets ranging from C$120.00 to C$142.00. The company has a market cap of C$1.33 billion and a PE ratio of 5.88. Despite a "Buy" rating from analysts, some suggest there are better investment options available.
Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$87.92 and traded as high as C$94.77. Precision Drilling shares last traded at C$94.19, with a volume of 127,049 shares trading hands.
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Analyst Ratings Changes
A number of brokerages have recently issued reports on PD. Raymond James reduced their price target on Precision Drilling from C$143.00 to C$142.00 in a research report on Tuesday, October 15th. ATB Capital upped their target price on Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th. TD Securities lowered their price target on Precision Drilling from C$140.00 to C$120.00 and set a "buy" rating for the company in a report on Tuesday, October 8th. Finally, BMO Capital Markets cut their price objective on shares of Precision Drilling from C$140.00 to C$130.00 in a report on Friday, October 4th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Precision Drilling has an average rating of "Buy" and an average price target of C$130.50.
View Our Latest Research Report on PD
Precision Drilling Stock Performance
The company has a current ratio of 1.51, a quick ratio of 1.36 and a debt-to-equity ratio of 56.37. The firm's fifty day moving average price is C$87.92 and its two-hundred day moving average price is C$90.60. The stock has a market capitalization of C$1.33 billion, a PE ratio of 5.88, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76.
Precision Drilling Company Profile
(Get Free Report)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.
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