Precision Drilling Co. (TSE:PD) Director Purchases C$125,300.00 in Stock

Precision Drilling Co. (TSE:PD) (NYSE:PDS) Director Brian James Gibson bought 35,000 shares of Precision Drilling stock in a transaction dated Tuesday, August 1st. The stock was purchased at an average cost of C$3.58 per share, for a total transaction of C$125,300.00.

Precision Drilling Co. (PD) opened at 3.75 on Friday. Precision Drilling Co. has a 52-week low of $3.57 and a 52-week high of $8.21. The firm’s 50-day moving average is $3.95 and its 200-day moving average is $5.47. The stock’s market cap is $1.10 billion.

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Several research analysts recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$9.00 price target on shares of Precision Drilling in a research note on Tuesday, April 25th. CIBC raised their price target on shares of Precision Drilling from C$8.00 to C$11.00 in a research note on Thursday, July 20th. Canaccord Genuity reduced their price target on shares of Precision Drilling from C$4.75 to C$4.25 in a research note on Wednesday, August 2nd. Raymond James Financial, Inc. reduced their price target on shares of Precision Drilling from C$7.40 to C$7.20 and set an “outperform” rating on the stock in a research note on Wednesday, April 26th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued 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’s stock. The stock has a consensus rating of “Buy” and an average target price of C$8.18.

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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