Insider Selling: Precision Drilling Co. (TSE:PD) Senior Officer Sells 3,393 Shares of Stock

Precision Drilling Co. (TSE:PD) (NYSE:PDS) Senior Officer Veronica H. Foley sold 3,393 shares of the company’s 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.

Precision Drilling Stock Down 1.3 %

Shares of TSE:PD opened at C$76.75 on Friday. The company has a 50 day moving average of C$86.05 and a 200-day moving average of C$88.34. Precision Drilling Co. has a one year low of C$76.00 and a one year high of C$109.20. The stock has a market cap of C$1.09 billion, a price-to-earnings ratio of 4.52, 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.

Analyst Ratings Changes

Several equities research analysts recently commented on PD shares. ATB Capital upped their price target on shares of Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th. CIBC lowered their target price on shares of Precision Drilling from C$125.00 to C$115.00 in a research note on Friday, February 14th. TD Securities lowered their target price on shares of 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 shares of Precision Drilling from C$121.00 to C$110.00 in a research note on Friday, February 14th. Finally, Raymond James lowered their target price on shares of Precision Drilling from C$146.00 to C$141.00 in a research note on Friday, February 14th. One equities research 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. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$119.00.

Precision Drilling Company Profile

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.