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

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

Precision Drilling Stock Performance

Shares of PD opened at C$76.75 on Friday. The firm has a market capitalization 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 company has a quick ratio of 1.36, a current ratio of 1.54 and a debt-to-equity ratio of 51.98. The firm has a 50-day moving average price of C$86.05 and a 200 day moving average price of C$88.25. Precision Drilling Co. has a 52-week low of C$76.00 and a 52-week high of C$109.20.

Analyst Upgrades and Downgrades

PD has been the subject of a number of analyst reports. 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 shares of Precision Drilling from C$125.00 to C$115.00 in a report on Friday, February 14th. ATB Capital increased their price objective on shares of Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. Royal Bank of Canada reduced their target price on shares of Precision Drilling from C$121.00 to C$110.00 in a research note on Friday, February 14th. Finally, TD Securities dropped their price target on shares of 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. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus 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.