Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$84.88 and traded as low as C$63.23. Precision Drilling shares last traded at C$63.59, with a volume of 98,400 shares trading hands.
Analyst Ratings Changes
A number of analysts have recently weighed in on PD shares. Raymond James cut their price objective on shares of Precision Drilling from C$146.00 to C$141.00 in a research note 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 report on Friday, February 14th. CIBC lowered 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 upped their price target on shares of Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. Finally, TD Securities lowered 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 report on Friday, February 14th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Precision Drilling has an average rating of "Buy" and a consensus target price of C$119.00.
View Our Latest Stock Analysis on PD
Precision Drilling Stock Performance
The firm's 50 day moving average price is C$78.08 and its 200-day moving average price is C$84.29. The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.36 and a current ratio of 1.54. The firm has a market capitalization of C$917.13 million, a PE ratio of 3.79, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76.
Insider Transactions at Precision Drilling
In other Precision Drilling news, Director Carey Thomas Ford sold 5,108 shares of the stock in a transaction dated 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 the 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. Corporate insiders own 2.12% of the company's stock.
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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