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

Precision Drilling Co. (TSE:PD) (NYSE:PDS) Senior Officer Veronica H. Foley sold 3,393 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 transaction of C$263,499.70.

Precision Drilling Trading Down 1.3 %

TSE PD opened at C$76.75 on Monday. Precision Drilling Co. has a one year low of C$76.00 and a one year high of C$109.20. The company has a 50-day simple moving average of C$86.05 and a 200-day simple moving average of C$88.25. The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.36 and a current ratio of 1.54. The firm has a market capitalization 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.

Analyst Upgrades and Downgrades

PD has been the subject of several recent analyst reports. ATB Capital raised their price objective on shares of Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. Raymond James decreased their price objective on shares of Precision Drilling from C$146.00 to C$141.00 in a report on Friday, February 14th. CIBC decreased their price objective on shares of Precision Drilling from C$125.00 to C$115.00 in a report on Friday, February 14th. Royal Bank of Canada decreased their price target on shares of Precision Drilling from C$121.00 to C$110.00 in a report on Friday, February 14th. Finally, TD Securities decreased their price target on shares of 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. One 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. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average 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.