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 business’s 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.

Precision Drilling Stock Performance

TSE PD opened at C$76.75 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98. The business’s 50 day moving average is C$86.05 and its two-hundred day moving average is C$88.25. Precision Drilling Co. has a 12-month low of C$76.00 and a 12-month high of C$109.20. The stock has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 4.52, a PEG ratio of -3.24 and a beta of 2.76.

Analysts Set New Price Targets

PD has been the subject of several research reports. Raymond James reduced their target price on Precision Drilling from C$146.00 to C$141.00 in a report on Friday, February 14th. TD Securities reduced their target price on 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. Royal Bank of Canada reduced their target price on Precision Drilling from C$121.00 to C$110.00 in a report on Friday, February 14th. ATB Capital upped their price objective on Precision Drilling from C$109.00 to C$123.00 in a research note on Tuesday, December 10th. Finally, CIBC reduced their price objective on Precision Drilling from C$125.00 to C$115.00 in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Precision Drilling presently has an average rating of “Buy” and an average target price of C$119.00.

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.