Precision Drilling Corp (PD) Insider Dan Alexandru Solomon Sells 342,000 Shares
Precision Drilling Corp (TSE:PD) (NYSE:PDS) insider Dan Alexandru Solomon sold 342,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of C$22.32, for a total transaction of C$7,633,440.00.
Shares of Precision Drilling stock traded down C$0.08 during trading on Monday, reaching C$3.60. The company’s stock had a trading volume of 791,905 shares, compared to its average volume of 1,540,485. The stock has a market capitalization of $1.08 billion and a price-to-earnings ratio of -3.59. Precision Drilling Corp has a fifty-two week low of C$2.25 and a fifty-two week high of C$5.33. The company has a debt-to-equity ratio of 109.53, a current ratio of 1.85 and a quick ratio of 1.45.
A number of equities analysts have recently commented on PD shares. TD Securities lifted their target price on shares of Precision Drilling from C$5.00 to C$5.50 and gave the company a “buy” rating in a report on Friday, February 15th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Precision Drilling in a report on Thursday, December 20th. BMO Capital Markets lifted their target price on shares of Precision Drilling from C$4.00 to C$4.25 in a report on Friday, February 15th. CIBC lifted their target price on shares of Precision Drilling from C$4.00 to C$4.25 in a report on Tuesday, March 19th. Finally, Canaccord Genuity cut their target price on shares of Precision Drilling from C$4.50 to C$4.00 and set a “buy” rating on the stock in a report on Thursday, January 10th. One analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of C$4.88.
Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related services and products. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.
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