Precision Drilling Co. (TSE:PD – Get Free Report) (NYSE:PDS) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$84.88 and traded as low as C$63.23. Precision Drilling shares last traded at C$63.59, with a volume of 98,400 shares changing hands.
Analyst Ratings Changes
A number of research analysts have recently commented on PD shares. ATB Capital increased their price objective on Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. Raymond James lowered their price objective on Precision Drilling from C$146.00 to C$141.00 in a report on Friday, February 14th. CIBC lowered their target price on Precision Drilling from C$125.00 to C$115.00 in a report on Friday, February 14th. TD Securities lowered their target price on Precision Drilling from C$100.00 to C$89.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Finally, Royal Bank of Canada lowered their target price on Precision Drilling from C$121.00 to C$110.00 in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Precision Drilling currently has a consensus rating of “Buy” and an average price target of C$119.00.
Read Our Latest Stock Report on PD
Precision Drilling Price Performance
Insider Transactions at Precision Drilling
In related news, Director Carey Thomas Ford sold 5,108 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total transaction of C$396,686.26. Also, Senior Officer Veronica H. Foley sold 3,393 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total value of C$263,499.70. 2.12% of the stock is owned by insiders.
About Precision Drilling
Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments.
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