Precision Drilling (TSE:PD) Shares Cross Above 50 Day Moving Average - Should You Sell?

Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$87.92 and traded as high as C$94.77. Precision Drilling shares last traded at C$94.19, with a volume of 127,049 shares trading hands.Get Precision Drilling alerts:Analyst Ratings ChangesA number of brokerages have recently issued reports on PD. Raymond James reduced their price target on Precision Drilling from C$143.00 to C$142.00 in a research report on Tuesday, October 15th. ATB Capital upped their target price on Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th. TD Securities lowered their price target on Precision Drilling from C$140.00 to C$120.00 and set a "buy" rating for the company in a report on Tuesday, October 8th. Finally, BMO Capital Markets cut their price objective on shares of Precision Drilling from C$140.00 to C$130.00 in a report on Friday, October 4th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Precision Drilling has an average rating of "Buy" and an average price target of C$130.50.View Our Latest Research Report on PDPrecision Drilling Stock PerformanceThe company has a current ratio of 1.51, a quick ratio of 1.36 and a debt-to-equity ratio of 56.37. The firm's fifty day moving average price is C$87.92 and its two-hundred day moving average price is C$90.60. The stock has a market capitalization of C$1.33 billion, a PE ratio of 5.88, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76. Precision Drilling Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than Precision DrillingWhat is MarketRank™? How to Use it4 Social Media Stocks Set to Gain as TikTok Ban LoomsStock Ratings and Recommendations: Understanding Analyst RatingsHow Do Stock Buybacks Affect Shareholders?Stock Sentiment Analysis: How it WorksJPMorgan Chase & Co. Stock Can Hit $300 This YearThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Precision Drilling Right Now?Before you consider Precision Drilling, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Precision Drilling wasn't on the list.While Precision Drilling currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here