Precision Drilling Co. (TSE:PD - Get Free Report) 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 Price Performance
PD traded down C$1.87 during midday trading on Tuesday, reaching C$74.25. 215,858 shares of the company's stock were exchanged, compared to its average volume of 118,585. Precision Drilling Co. has a 1-year low of C$73.74 and a 1-year high of C$109.20. The stock has a market capitalization of C$1.06 billion, a PE ratio of 4.37, a P/E/G ratio of -3.24 and a beta of 2.76. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36. The business's 50-day moving average price is C$85.89 and its 200 day moving average price is C$88.17.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on PD. Raymond James lowered their price objective on Precision Drilling from C$146.00 to C$141.00 in a report on Friday, February 14th. Royal Bank of Canada lowered their price target on shares of Precision Drilling from C$121.00 to C$110.00 in a research note on Friday, February 14th. ATB Capital raised their price objective on shares of Precision Drilling from C$109.00 to C$123.00 in a research note on Tuesday, December 10th. 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. Finally, TD Securities dropped their target price 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 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 data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of C$119.00.
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About Precision Drilling
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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.
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