Precision Drilling Corp (PD) Director Steven Wayne Krablin Purchases 10,000 Shares

Precision Drilling Corp (TSE:PD) (NYSE:PDS) Director Steven Wayne Krablin acquired 10,000 shares of Precision Drilling stock in a transaction dated Monday, October 29th. The shares were purchased at an average cost of C$2.50 per share, with a total value of C$25,000.00.

PD opened at C$3.18 on Thursday. Precision Drilling Corp has a 52-week low of C$3.03 and a 52-week high of C$5.33.

Precision Drilling (TSE:PD) (NYSE:PDS) last released its earnings results on Thursday, October 25th. The company reported C($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.08) by C($0.02). Precision Drilling had a negative return on equity of 10.28% and a negative net margin of 13.54%. The company had revenue of C$382.46 million for the quarter, compared to the consensus estimate of C$395.40 million.

Several research firms recently issued reports on PD. Canaccord Genuity upped their target price on Precision Drilling from C$5.00 to C$5.25 in a report on Tuesday, July 10th. Raymond James dropped their target price on Precision Drilling from C$5.75 to C$5.60 and set an “outperform” rating on the stock in a report on Tuesday. Cormark upped their target price on Precision Drilling from C$5.50 to C$6.00 in a report on Friday, July 27th. CIBC dropped their target price on Precision Drilling from C$7.00 to C$6.25 in a report on Tuesday, October 16th. Finally, GMP Securities upped their target price on Precision Drilling from C$7.00 to C$7.50 in a report on Tuesday, October 9th.

About Precision Drilling

Precision Drilling Corporation 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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