Precision Drilling Co. (TSE:PD) (NYSE:PDS) Director Carey Thomas Ford bought 10,000 shares of the company’s stock in a transaction that occurred on 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. (PD) traded up C$0.02 during mid-day trading on Friday, hitting C$3.70. 1,390,696 shares of the stock were exchanged, compared to its average volume of 3,286,841. Precision Drilling Co. has a one year low of C$2.89 and a one year high of C$6.76. The company has a market capitalization of $1,080.00, a price-to-earnings ratio of -8.27 and a beta of 1.51.
A number of research analysts recently issued reports on the stock. Scotiabank boosted 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 report on Friday, February 16th. Raymond James Financial upped 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 report on Tuesday, February 13th. Canaccord Genuity upped their price objective on shares of Precision Drilling from C$4.50 to C$4.75 in a report on Tuesday, February 6th. TD Securities increased their price target on shares of Precision Drilling from C$6.00 to C$7.00 in a research report on Tuesday, January 30th. Finally, GMP Securities increased their target price on shares of Precision Drilling from C$5.75 to C$6.50 in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$5.58.
About Precision Drilling
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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