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

Precision Drilling Co. (TSE:PD - Get Free Report) 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 value of C$263,499.70.

Precision Drilling Trading Down 2.5 %

TSE PD traded down C$1.87 during mid-day trading on Tuesday, hitting C$74.25. The company's stock had a trading volume of 215,858 shares, compared to its average volume of 118,585. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36. Precision Drilling Co. has a 52-week low of C$73.74 and a 52-week high of C$109.20. The stock's fifty day simple moving average is C$85.89 and its two-hundred day simple moving average is C$88.17. The firm has a market capitalization of C$1.06 billion, a P/E ratio of 4.37, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. TD Securities reduced their target price on Precision Drilling from C$100.00 to C$89.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Royal Bank of Canada cut their price objective on shares of Precision Drilling from C$121.00 to C$110.00 in a report on Friday, February 14th. Raymond James lowered their target price on shares of Precision Drilling from C$146.00 to C$141.00 in a report on Friday, February 14th. CIBC dropped their price target on shares of Precision Drilling from C$125.00 to C$115.00 in a research report on Friday, February 14th. Finally, ATB Capital lifted their price target on shares of Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. One 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 data from MarketBeat, Precision Drilling presently has a consensus rating of "Buy" and an average target price of C$119.00.

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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.