Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS's stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$83.65 and traded as low as C$66.75. Precision Drilling shares last traded at C$67.28, with a volume of 137,022 shares changing hands.
Wall Street Analyst Weigh In
Several analysts have weighed in on PD shares. CIBC decreased their price objective on shares of Precision Drilling from C$125.00 to C$115.00 in a research note on Friday, February 14th. ATB Capital lifted their price objective on Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th. TD Securities reduced their price objective 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. Royal Bank of Canada lowered their target price on Precision Drilling from C$121.00 to C$110.00 in a research note on Friday, February 14th. Finally, Raymond James cut their price target on Precision Drilling from C$146.00 to C$141.00 in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of C$119.00.
Check Out Our Latest Analysis on PD
Precision Drilling Stock Down 2.9 %
The firm has a 50 day moving average price of C$75.33 and a 200-day moving average price of C$83.10. The firm has a market cap of C$922.39 million, a price-to-earnings ratio of 3.81, a price-to-earnings-growth 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.
Insider Buying and Selling
In related news, Director Carey Thomas Ford sold 5,108 shares of the 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. Also, Senior Officer Veronica H. Foley sold 3,393 shares of Precision Drilling stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total transaction of C$263,499.70. 2.12% of the stock is currently owned by insiders.
About Precision Drilling
(
Get Free Report)
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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