Insider Selling: Precision Drilling Co. (TSE:PD) Director Sells C$396,686.26 in Stock

Precision Drilling Co. (TSE:PD) (NYSE:PDS) Director Carey Thomas Ford sold 5,108 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total value of C$396,686.26.

Precision Drilling Stock Down 1.3 %

Precision Drilling stock opened at C$76.75 on Monday. Precision Drilling Co. has a 1-year low of C$76.00 and a 1-year high of C$109.20. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36. The stock has a market cap of C$1.09 billion, a PE ratio of 4.52, a P/E/G ratio of -3.24 and a beta of 2.76. The stock’s fifty day moving average is C$86.05 and its two-hundred day moving average is C$88.25.

Analysts Set New Price Targets

PD has been the subject of several research analyst reports. TD Securities lowered their price target on Precision Drilling from C$100.00 to C$89.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Raymond James reduced their price objective on Precision Drilling from C$146.00 to C$141.00 in a research note on Friday, February 14th. ATB Capital increased their price objective on Precision Drilling from C$109.00 to C$123.00 in a research note on Tuesday, December 10th. Royal Bank of Canada reduced their price objective on Precision Drilling from C$121.00 to C$110.00 in a research note on Friday, February 14th. Finally, CIBC reduced their price objective on Precision Drilling from C$125.00 to C$115.00 in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price 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.