Precision Drilling Co. (TSE:PD) Senior Officer Veronica H. Foley Sells 3,393 Shares of Stock

Precision Drilling Co. (TSE:PD) (NYSE:PDS) Senior Officer Veronica H. Foley sold 3,393 shares of Precision Drilling stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of C$77.66, for a total value of C$263,499.70.

Precision Drilling Stock Down 1.3 %

Shares of PD opened at C$76.75 on Friday. The company’s fifty day moving average is C$86.05 and its two-hundred day moving average is C$88.34. Precision Drilling Co. has a fifty-two week low of C$76.00 and a fifty-two week high of C$109.20. The company has a quick ratio of 1.36, a current ratio of 1.54 and a debt-to-equity ratio of 51.98. The firm has a market cap of C$1.09 billion, a PE ratio of 4.52, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PD. Raymond James lowered their target price on Precision Drilling from C$146.00 to C$141.00 in a report on Friday, February 14th. TD Securities cut their target price on Precision Drilling from C$100.00 to C$89.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. CIBC cut their price objective on Precision Drilling from C$125.00 to C$115.00 in a research report on Friday, February 14th. ATB Capital upped their price objective on Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada lowered their target price on shares of Precision Drilling from C$121.00 to C$110.00 in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Precision Drilling has a consensus rating of “Buy” and an average price target of C$119.00.

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.