Precision Drilling Co. (TSE:PD) (NYSE:PDS) Director Carey Thomas Ford acquired 10,000 shares of the stock in a transaction dated Wednesday, March 7th. The shares were bought at an average price of C$3.02 per share, for a total transaction of C$30,200.00.
Precision Drilling Co. (TSE:PD) traded down C$0.03 on Wednesday, hitting C$3.72. 1,161,521 shares of the stock traded hands, compared to its average volume of 3,175,069. The stock has a market capitalization of $1,100.00, a PE ratio of -8.27 and a beta of 1.51. Precision Drilling Co. has a 1 year low of C$2.89 and a 1 year high of C$6.76.
PD has been the topic of a number of recent analyst reports. Canaccord Genuity raised their price target on shares of Precision Drilling from C$4.50 to C$4.75 in a report on Tuesday, February 6th. GMP Securities raised their price target on shares of Precision Drilling from C$5.75 to C$6.50 in a report on Thursday, January 18th. TD Securities lifted their target price on shares of Precision Drilling from C$6.00 to C$7.00 in a research note on Tuesday, January 30th. Scotiabank lifted their target price on shares of Precision Drilling from C$4.50 to C$4.75 and gave the company an “underperform” rating in a research note on Friday, February 16th. Finally, Raymond James Financial boosted their price objective on shares of Precision Drilling from C$5.50 to C$5.75 and gave the stock a “strong-buy” rating in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$5.58.
Precision Drilling Corporation (Precision) is an oilfield services company. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services.
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