D. E. Shaw & Co. Inc. Has $2.42 Million Position in Precision Drilling Co. (NYSE:PDS)

D. E. Shaw & Co. Inc. raised its position in Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD by 618.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,500 shares of the oil and gas company's stock after purchasing an additional 34,000 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.29% of Precision Drilling worth $2,415,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aquatic Capital Management LLC bought a new stake in Precision Drilling in the fourth quarter worth approximately $71,000. Signaturefd LLC boosted its holdings in Precision Drilling by 30.1% in the fourth quarter. Signaturefd LLC now owns 2,159 shares of the oil and gas company's stock worth $132,000 after purchasing an additional 499 shares in the last quarter. Quantbot Technologies LP increased its position in Precision Drilling by 1,741.8% during the fourth quarter. Quantbot Technologies LP now owns 2,247 shares of the oil and gas company's stock worth $137,000 after buying an additional 2,125 shares during the last quarter. Blue Trust Inc. raised its holdings in Precision Drilling by 64.7% during the fourth quarter. Blue Trust Inc. now owns 3,298 shares of the oil and gas company's stock valued at $203,000 after buying an additional 1,295 shares in the last quarter. Finally, Barclays PLC raised its holdings in 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 valued at $207,000 after buying an additional 3,158 shares in the last quarter. Hedge funds and other institutional investors own 48.86% of the company's stock.

Precision Drilling Stock Performance

Shares of NYSE:PDS traded up $1.19 during midday trading on Monday, hitting $42.24. The company's stock had a trading volume of 56,452 shares, compared to its average volume of 85,784. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 1.48. The stock's 50 day simple moving average is $43.14 and its 200 day simple moving average is $52.86. The stock has a market capitalization of $571.21 million, a price-to-earnings ratio of 7.85 and a beta of 1.07. Precision Drilling Co. has a fifty-two week low of $36.20 and a fifty-two week high of $79.07.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last released its earnings results on Wednesday, April 23rd. The oil and gas company reported $1.53 earnings per share (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 business had revenue of $345.41 million during the quarter, compared to analyst estimates of $508.06 million. As a group, research analysts anticipate that Precision Drilling Co. will post 7.1 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on PDS. Raymond James downgraded Precision Drilling from a "strong-buy" rating to an "outperform" rating in a research note on Wednesday, April 9th. TD Securities downgraded Precision Drilling from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Wall Street Zen cut shares of Precision Drilling from a "buy" rating to a "hold" rating in a research note on Monday, March 24th.

Precision Drilling 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.