Precision Drilling Co. (TSE:PD) Senior Officer Darren Ruhr Sells 2,921 Shares

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

Precision Drilling Trading Up 0.6%

TSE:PD traded up C$0.42 on Wednesday, reaching C$68.74. The stock had a trading volume of 101,771 shares, compared to its average volume of 124,442. The company has a market cap of C$978.18 million, a price-to-earnings ratio of 4.04, 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. The firm's fifty day moving average is C$64.31 and its two-hundred day moving average is C$70.06. Precision Drilling Co. has a 12-month low of C$51.38 and a 12-month high of C$109.20.

Analyst Upgrades and Downgrades

Several research firms have commented on PD. CIBC cut their price objective on Precision Drilling from C$115.00 to C$95.00 in a research note on Thursday, April 10th. Raymond James Financial cut Precision Drilling from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the company from C$141.00 to C$124.00 in a research note on Wednesday, April 9th. BMO Capital Markets reduced their target price on Precision Drilling from C$100.00 to C$90.00 in a report on Thursday, April 17th. ATB Capital lowered their price target 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. Finally, TD Securities lowered their price target on Precision Drilling from C$89.00 to C$69.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.

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