Insider Selling: Precision Drilling Co. (TSE:PD) Director Sells 5,108 Shares of Stock

Precision Drilling Co. (TSE:PD) (NYSE:PDS) Director Carey Thomas Ford sold 5,108 shares of Precision Drilling stock in a transaction dated 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 Performance

TSE:PD traded down C$1.16 on Friday, hitting C$76.64. The company’s stock had a trading volume of 103,499 shares, compared to its average volume of 113,705. 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 fifty day moving average of C$86.24 and a two-hundred day moving average of C$88.50. The firm has a market capitalization of C$1.09 billion, a P/E ratio of 4.51, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76. Precision Drilling Co. has a one year low of C$76.00 and a one year high of C$109.20.

Analysts Set New Price Targets

Several research firms have recently weighed in on PD. TD Securities reduced their price objective 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 report on Friday, February 14th. CIBC reduced their price target on Precision Drilling from C$125.00 to C$115.00 in a research report on Friday, February 14th. Royal Bank of Canada reduced their price target on Precision Drilling from C$121.00 to C$110.00 in a research report on Friday, February 14th. Finally, ATB Capital increased their price target on Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus 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.