AYAL Capital Advisors Ltd Sells 34,998 Shares of Precision Drilling Co. (NYSE:PDS)

AYAL Capital Advisors Ltd reduced its holdings in shares of Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD by 73.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,602 shares of the oil and gas company's stock after selling 34,998 shares during the quarter. AYAL Capital Advisors Ltd owned 0.09% of Precision Drilling worth $770,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC grew its stake in shares of Precision Drilling by 1,579.0% during the third quarter. Barclays PLC now owns 3,358 shares of the oil and gas company's stock worth $207,000 after buying an additional 3,158 shares during the last quarter. Geode Capital Management LLC grew its position in Precision Drilling by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 6,867 shares of the oil and gas company's stock worth $425,000 after acquiring an additional 424 shares during the last quarter. Franklin Resources Inc. increased its holdings in Precision Drilling by 21.9% in the 3rd quarter. Franklin Resources Inc. now owns 63,114 shares of the oil and gas company's stock worth $3,961,000 after purchasing an additional 11,331 shares in the last quarter. Blue Trust Inc. raised its position in Precision Drilling by 64.7% in the fourth quarter. Blue Trust Inc. now owns 3,298 shares of the oil and gas company's stock valued at $203,000 after purchasing an additional 1,295 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Precision Drilling by 10.8% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,477 shares of the oil and gas company's stock valued at $518,000 after purchasing an additional 824 shares in the last quarter. 48.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PDS has been the subject of a number of research reports. StockNews.com lowered shares of Precision Drilling from a "buy" rating to a "hold" rating in a report on Monday, March 24th. TD Securities downgraded shares of Precision Drilling from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Raymond James cut shares of Precision Drilling from a "strong-buy" rating to an "outperform" rating in a research note on Wednesday, April 9th.

Precision Drilling Stock Performance

Shares of PDS stock opened at $43.15 on Friday. The stock has a market capitalization of $583.43 million, a PE ratio of 8.02 and a beta of 1.53. The business's 50 day simple moving average is $44.27 and its 200 day simple moving average is $54.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.48 and a quick ratio of 1.35. Precision Drilling Co. has a one year low of $36.20 and a one year high of $79.07.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last posted its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $1.53 EPS for the quarter, missing analysts' consensus estimates of $1.57 by ($0.04). The firm had revenue of $345.41 million during the quarter, compared to the consensus estimate of $508.06 million. Precision Drilling had a net margin of 5.87% and a return on equity of 6.72%. As a group, research analysts forecast that Precision Drilling Co. will post 7.1 earnings per share for the current year.

About Precision Drilling

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.

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