Insider Selling: Precision Drilling Co. (TSE:PD) Senior Officer 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 transaction of C$263,499.70.

Precision Drilling Stock Down 1.5 %

Shares of TSE PD traded down C$1.16 during trading hours on Friday, hitting C$76.64. The stock had a trading volume of 103,499 shares, compared to its average volume of 113,705. The company has a market capitalization of C$1.09 billion, a P/E ratio of 4.51, a P/E/G ratio of -3.24 and a beta of 2.76. The firm’s 50-day moving average price is C$86.24 and its two-hundred day moving average price is C$88.50. Precision Drilling Co. has a 52 week low of C$76.00 and a 52 week high of C$109.20. The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.36 and a current ratio of 1.54.

Analyst Ratings Changes

Several equities research analysts have commented on PD shares. ATB Capital boosted their price target on shares of Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th. Royal Bank of Canada dropped their price target on shares of Precision Drilling from C$121.00 to C$110.00 in a research report on Friday, February 14th. Raymond James dropped their price target on shares of Precision Drilling from C$146.00 to C$141.00 in a research report on Friday, February 14th. TD Securities dropped their price target on Precision Drilling from C$100.00 to C$89.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Finally, CIBC lowered their target price on Precision Drilling from C$125.00 to C$115.00 in a research note on Friday, February 14th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Precision Drilling presently 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.