Veronica H. Foley Sells 3,393 Shares of Precision Drilling Co. (TSE:PD) Stock

Precision Drilling Co. (TSE:PD) (NYSE:PDS) Senior Officer Veronica H. Foley sold 3,393 shares of the firm’s stock in a transaction dated 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

Shares of Precision Drilling stock opened at C$76.75 on Friday. Precision Drilling Co. has a 1 year low of C$76.00 and a 1 year high of C$109.20. The firm’s 50-day moving average is C$86.05 and its 200 day moving average is C$88.25. The stock has a market cap 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. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36.

Analysts Set New Price Targets

Several analysts have commented on the stock. ATB Capital raised their price objective on shares of Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. CIBC dropped their price target on Precision Drilling from C$125.00 to C$115.00 in a research report on Friday, February 14th. TD Securities decreased their price objective 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 dropped their target price on shares of Precision Drilling from C$121.00 to C$110.00 in a report on Friday, February 14th. Finally, Raymond James decreased their price target 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company 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.