Is Precision Drilling Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 3 Wall Street analysts covering (NYSE: PDS) stock is to Strong Buy PDS stock.
Out of 3 analysts, 2 (66.67%) are recommending PDS as a Strong Buy, 1 (33.33%) are recommending PDS as a Buy, 0 (0%) are recommending PDS as a Hold, 0 (0%) are recommending PDS as a Sell, and 0 (0%) are recommending PDS as a Strong Sell.
What is PDS's forecast return on equity (ROE) for 2023-2024?
(NYSE: PDS) forecast ROE is 19.68%, which is considered weak.
What is PDS's Price Target?
According to 3 Wall Street analysts that have issued a 1 year PDS price target, the average PDS price target is $115.67, with the highest PDS stock price forecast at $125.00 and the lowest PDS stock price forecast at $107.00.
On average, Wall Street analysts predict that Precision Drilling's share price could reach $115.67 by Sep 13, 2024. The average Precision Drilling stock price prediction forecasts a potential upside of 86.71% from the current PDS share price of $61.95.
What is PDS's forecast return on assets (ROA) for 2023-2024?
(NYSE: PDS) forecast ROA is 9.71%, which is higher than the forecast US Oil & Gas Drilling industry average of 5.98%.
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