Precision Drilling Co. (NYSE:PDS) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP trimmed its holdings in Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD by 21.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,809 shares of the oil and gas company's stock after selling 15,400 shares during the period. Two Sigma Advisers LP owned about 0.42% of Precision Drilling worth $3,530,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in PDS. Blue Trust Inc. raised its position in shares of Precision Drilling by 64.7% in the 4th 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Precision Drilling by 10.8% in the 4th 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. Mountain Lake Investment Management LLC raised its position in shares of Precision Drilling by 107.9% in the 4th quarter. Mountain Lake Investment Management LLC now owns 51,981 shares of the oil and gas company's stock valued at $3,174,000 after purchasing an additional 26,981 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Precision Drilling during the 4th quarter valued at approximately $257,000. Finally, PCJ Investment Counsel Ltd. raised its position in shares of Precision Drilling by 11.9% during the 4th quarter. PCJ Investment Counsel Ltd. now owns 16,360 shares of the oil and gas company's stock valued at $999,000 after acquiring an additional 1,740 shares in the last quarter. 48.86% of the stock is owned by institutional investors and hedge funds.

Precision Drilling Stock Performance

Shares of PDS stock traded up $0.23 on Friday, hitting $43.22. 102,979 shares of the stock traded hands, compared to its average volume of 86,392. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.48 and a quick ratio of 1.35. The company has a market capitalization of $584.46 million, a PE ratio of 8.03 and a beta of 1.07. Precision Drilling Co. has a 1-year low of $36.20 and a 1-year high of $79.07. The company's fifty day moving average is $42.91 and its 200 day moving average is $52.36.

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

Analyst Upgrades and Downgrades

PDS has been the topic of several research reports. Raymond James lowered Precision Drilling from a "strong-buy" rating to an "outperform" rating in a research report on Wednesday, April 9th. TD Securities lowered Precision Drilling from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Wall Street Zen lowered Precision Drilling from a "buy" rating to a "hold" rating in a research report on Monday, March 24th.

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.