Precision Drilling (TSE:PD) Stock Price Crosses Above 50 Day Moving Average After Insider Selling

Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS's share price crossed above its 50-day moving average during trading on Thursday following insider buying activity. The stock has a 50-day moving average of C$64.86 and traded as high as C$71.20. Precision Drilling shares last traded at C$70.73, with a volume of 192,913 shares.

Analyst Ratings Changes

Several equities research analysts recently commented on PD shares. TD Securities lowered their target price 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. CIBC dropped their target price on shares of Precision Drilling from C$115.00 to C$95.00 in a report on Thursday, April 10th. BMO Capital Markets reduced their target price on shares of Precision Drilling from C$100.00 to C$90.00 in a report on Thursday, April 17th. Royal Bank Of Canada decreased their price target on shares of 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, National Bankshares cut their price objective on Precision Drilling from C$110.00 to C$100.00 and set a "sector perform" rating for the company in a research report on Thursday, July 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$93.00.

Precision Drilling Price Performance

The stock has a fifty day simple moving average of C$64.86 and a 200-day simple moving average of C$69.95. The stock has a market cap of C$1.01 billion, a price-to-earnings ratio of 4.16, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98.

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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