Precision Drilling Co. (TSE:PD) Senior Officer Sells C$218,856.80 in Stock

Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS Senior Officer Darren Ruhr sold 2,921 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of C$74.93, for a total value of C$218,856.80.

Precision Drilling Stock Performance

PD traded down C$0.53 during midday trading on Friday, reaching C$70.20. The company had a trading volume of 132,916 shares, compared to its average volume of 124,999. The company has a market cap of C$998.95 million, a P/E ratio of 4.13, a P/E/G ratio of -3.24 and a beta of 2.76. The company has a quick ratio of 1.36, a current ratio of 1.54 and a debt-to-equity ratio of 51.98. The business has a 50-day moving average of C$65.09 and a two-hundred day moving average of C$69.83. Precision Drilling Co. has a 1 year low of C$51.38 and a 1 year high of C$109.20.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. BMO Capital Markets cut their price target on Precision Drilling from C$100.00 to C$90.00 in a research note on Thursday, April 17th. CIBC decreased their price target on Precision Drilling from C$115.00 to C$95.00 in a research note on Thursday, April 10th. TD Securities reduced their target price on Precision Drilling from C$89.00 to C$69.00 and set a "hold" rating on the stock in a research note on Wednesday, April 16th. Royal Bank Of Canada dropped their price target on Precision Drilling from C$110.00 to C$89.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Finally, ATB Capital dropped their target price on Precision Drilling from C$87.00 to C$84.00 and set an "outperform" rating on the stock in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Precision Drilling currently has an average rating of "Moderate Buy" and a consensus target price of C$93.00.

Precision Drilling Company Profile

Precision Drilling Corp is a leader in North American oil and gas services. It is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada. Its segments are Contract Drilling Services which is the majority key revenue generator and other segments include Completion and Production Services.