Insider Selling: Precision Drilling Co. (TSE: PD) Senior Executive Sells 1,112 Shares

Precision Drilling Co. (TSE:PD – Get Rating) (NYSE:PDS) Senior officer Veronica H. Foley sold 1,112 shares of the company in a trade dated Tuesday, February 22. The shares were sold at an average price of CA$68.16, for a total transaction of CA$75,793.92. Following the completion of the sale, the insider now owns 16,636 shares of the company, valued at approximately C$1,133,909.76.

Veronica H. Foley has also recently made the following trade(s):

  • On Thursday, February 24, Veronica H. Foley sold 3,407 shares of Precision Drilling. The shares were sold at an average price of CA$65.40, for a total transaction of CA$222,801.45.

PD stock traded at C$0.93 at midday Friday, hitting C$66.63. The stock recorded trading volume of 63,088 shares, compared to an average trading volume of 108,227 shares. The company has a market capitalization of C$886.45 million and a PE ratio of -5.00. The company has a debt ratio of 95.12, a current ratio of 1.34 and a quick ratio of 1.24. Precision Drilling Co. has a 12-month low of C$24.71 and a 12-month high of C$74.95. The company’s 50-day moving average price is C$54.72 and its 200-day moving average price is C$48.77.

A number of equity research analysts have recently commented on PD stocks. TD Securities raised its price target on Precision Drilling shares from C$75.00 to C$85.00 and gave the company a “buy” rating in a Friday, Feb. 11 research report. ATB Capital raised its price target on Precision Drilling shares from C$91.00 to C$98.00 and gave the company an “outperform” rating in a Friday, Feb. 11 research report. Royal Bank of Canada raised its price target on Precision Drilling shares from CA$71.00 to CA$81.00 and gave the company an “outperform” rating in a Friday, Feb. 11 research report . National Bankshares raised its price target on Precision Drilling shares from C$65.00 to C$80.00 in a Friday, February 11 research report. Finally, Evercore ISI raised its price target on Precision Drilling stock to C$82.00 and gave the company a “buy” rating in a Friday, Jan. 7 research report. Three analysts gave the stock a hold rating and ten gave the company a buy rating. According to data from MarketBeat.com, Precision Drilling currently has an average buy rating and an average price target of C$70.27.

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About Precision Drilling (Get a rating)

Precision Drilling Corporation, an oil services company, provides oil and gas drilling and related products and services in North America and the Middle East. The Company operates through two segments, contract drilling services and completion and production services. The Contract Drilling Services segment provides onshore well drilling services to exploration and production companies in the oil and natural gas industry.

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