BNP Paribas Financial Markets Invests $1.52 Million in Precision Drilling Co. (NYSE:PDS)

BNP Paribas Financial Markets bought a new stake in Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 24,910 shares of the oil and gas company's stock, valued at approximately $1,521,000. BNP Paribas Financial Markets owned 0.18% of Precision Drilling as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Precision Drilling by 3,575.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 153,800 shares of the oil and gas company's stock worth $9,395,000 after purchasing an additional 149,616 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Precision Drilling by 28.0% in the fourth quarter. Bank of Montreal Can now owns 602,954 shares of the oil and gas company's stock valued at $36,832,000 after acquiring an additional 131,843 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of Precision Drilling by 190.0% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 81,500 shares of the oil and gas company's stock worth $4,982,000 after buying an additional 53,400 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Precision Drilling in the fourth quarter worth about $2,492,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Precision Drilling by 12.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 265,254 shares of the oil and gas company's stock worth $16,198,000 after buying an additional 29,612 shares in the last quarter. Hedge funds and other institutional investors own 48.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wall Street Zen cut Precision Drilling from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. TD Securities lowered Precision Drilling from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Raymond James cut Precision Drilling from a "strong-buy" rating to an "outperform" rating in a research report on Wednesday, April 9th.

Precision Drilling Stock Up 2.9%

Shares of PDS stock traded up $1.19 on Friday, reaching $42.24. 56,452 shares of the stock were exchanged, compared to its average volume of 85,784. Precision Drilling Co. has a twelve month low of $36.20 and a twelve month high of $79.07. The company has a market capitalization of $571.21 million, a price-to-earnings ratio of 7.85 and a beta of 1.07. The company has a current ratio of 1.48, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The business's 50 day moving average price is $43.21 and its 200 day moving average price is $53.09.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last announced 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). Precision Drilling had a net margin of 5.87% and a return on equity of 6.72%. The firm had revenue of $345.41 million during the quarter, compared to analyst estimates of $508.06 million. As a group, sell-side analysts expect that Precision Drilling Co. will post 7.1 earnings per share for the current fiscal year.

Precision Drilling Company Profile

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.