Precision Drilling Co. (TSE:PD) (NYSE:PDS) insider Veronica H. Foley acquired 5,000 shares of Precision Drilling stock in a transaction on Wednesday, March 15th. The shares were purchased at an average price of C$4.43 per share, with a total value of C$22,150.00.
Shares of Precision Drilling Co. (TSE:PD) traded down 1.221% during mid-day trading on Monday, hitting $6.065. 159,960 shares of the stock were exchanged. The firm’s market cap is $1.78 billion. The stock has a 50-day moving average price of $6.86 and a 200 day moving average price of $6.54. Precision Drilling Co. has a 52-week low of $4.66 and a 52-week high of $8.21.
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PD has been the subject of a number of analyst reports. CIBC reduced their price objective on shares of Precision Drilling from C$10.50 to C$9.00 in a research note on Wednesday, January 25th. TD Securities reiterated a “buy” rating and issued a C$9.50 price target on shares of Precision Drilling in a research note on Wednesday, December 14th. Royal Bank of Canada lifted their price target on shares of Precision Drilling from C$8.00 to C$9.00 in a research note on Friday, December 16th. Scotiabank reiterated a “sector perform” rating and issued a C$7.00 price target on shares of Precision Drilling in a research note on Tuesday, December 6th. Finally, Citigroup Inc reduced their price target on shares of Precision Drilling from C$8.25 to C$7.00 in a research note on Thursday, March 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of C$8.91.
Precision Drilling Company Profile
Precision Drilling Corporation (Precision) provides contract drilling, and completion and production services primarily to oil and natural gas exploration and production companies in Canada, the United States and certain international locations. It operates through two segments: Contract Drilling Services, and Completion and Production Services.
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