Precision Drilling Co. (TSE:PD) Director Carey Thomas Ford Sells 5,108 Shares

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

Precision Drilling Stock Down 1.3 %

Shares of Precision Drilling stock opened at C$76.75 on Friday. 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 market cap of C$1.09 billion, a P/E ratio of 4.52, a P/E/G ratio of -3.24 and a beta of 2.76. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98. The stock has a 50-day moving average price of C$86.05 and a 200 day moving average price of C$88.25.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PD shares. Royal Bank of Canada reduced their target price on shares of Precision Drilling from C$121.00 to C$110.00 in a report on Friday, February 14th. CIBC decreased their target price on Precision Drilling from C$125.00 to C$115.00 in a report on Friday, February 14th. TD Securities reduced their target price on Precision Drilling from C$100.00 to C$89.00 and set a “hold” rating for the company in a report on Friday, February 14th. ATB Capital lifted their price target on Precision Drilling from C$109.00 to C$123.00 in a research note on Tuesday, December 10th. Finally, Raymond James reduced their price objective on shares of Precision Drilling from C$146.00 to C$141.00 in a research note on Friday, February 14th. One 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 company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$119.00.

About Precision Drilling

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.