Insider Selling: Precision Drilling Co. (TSE:PD) Senior Officer Sells C$263,499.70 in Stock

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

Precision Drilling stock opened at C$76.75 on Monday. Precision Drilling Co. has a 12-month low of C$76.00 and a 12-month high of C$109.20. The company has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 4.52, 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. The firm’s fifty day moving average price is C$86.05 and its 200 day moving average price is C$88.25.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PD. TD Securities cut 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 research note on Friday, February 14th. CIBC cut their price target on shares of Precision Drilling from C$125.00 to C$115.00 in a research note on Friday, February 14th. Raymond James cut their target price 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 cut 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, ATB Capital raised their target price on shares of Precision Drilling from C$109.00 to C$123.00 in a research note on Tuesday, December 10th. One research 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, Precision Drilling 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.