Precision Drilling Co. (PD) Director Steven Wayne Krablin Acquires 10,000 Shares

Precision Drilling Co. (TSE:PD) (NYSE:PDS) Director Steven Wayne Krablin purchased 10,000 shares of the company’s stock in a transaction on Friday, August 18th. The shares were purchased at an average cost of C$2.63 per share, with a total value of C$26,300.00.

Precision Drilling Co. (PD) traded up 3.63% during midday trading on Friday, hitting $3.43. The stock had a trading volume of 773,187 shares. The company’s market capitalization is $1.01 billion. The stock’s 50-day moving average is $3.84 and its 200-day moving average is $5.35. Precision Drilling Co. has a 1-year low of $3.28 and a 1-year high of $8.21.

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Several equities research analysts have issued reports on the company. Canaccord Genuity dropped their price target on Precision Drilling from C$4.75 to C$4.25 in a research note on Wednesday, August 2nd. BMO Capital Markets dropped their price target on Precision Drilling from C$9.00 to C$6.00 and set an “outperform” rating for the company in a research note on Tuesday, August 1st. CIBC lifted their price target on Precision Drilling from C$8.00 to C$11.00 in a research note on Thursday, July 20th. Raymond James Financial, Inc. dropped their price target on Precision Drilling from C$7.40 to C$7.20 and set an “outperform” rating for the company in a research note on Wednesday, April 26th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a C$8.00 price target on shares of Precision Drilling in a research note on Tuesday, April 25th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of C$8.18.

Precision Drilling Company Profile

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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