Precision Drilling Corporation $PDS Shares Sold by Quotient Wealth Partners LLC

Key Points

• Quotient Wealth Partners cut its stake in Precision Drilling by 18.0%, selling 17,396 shares and now owns 79,161 shares (~0.61% of the company) valued at $5.69 million.
• Analyst views are mixed but lean positive: MarketBeat shows a consensus rating of "Moderate Buy" with a $122.33 target, while individual notes range from a sell (Weiss) to overweight/outperform (Piper Sandler, BMO).
• Latest results were mixed—EPS of $1.37 beat estimates by $0.26, but revenue of $349.37 million missed expectations—and the stock trades near $92.45 within a 12‑month range of $39.67–$103.80.

Quotient Wealth Partners LLC reduced its position in shares of Precision Drilling Corporation (NYSE:PDS - Free Report) TSE: PD by 18.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,161 shares of the oil and gas company's stock after selling 17,396 shares during the period. Quotient Wealth Partners LLC owned about 0.61% of Precision Drilling worth $5,690,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new position in shares of Precision Drilling during the third quarter worth $54,000. Cubist Systematic Strategies LLC acquired a new position in shares of Precision Drilling during the first quarter worth $45,000. US Bancorp DE lifted its position in shares of Precision Drilling by 52.3% during the third quarter. US Bancorp DE now owns 1,188 shares of the oil and gas company's stock worth $67,000 after purchasing an additional 408 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Precision Drilling during the second quarter worth $57,000. Finally, Aquatic Capital Management LLC acquired a new position in shares of Precision Drilling in the third quarter worth about $146,000. 48.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on PDS. TD Securities reiterated a "hold" rating on shares of Precision Drilling in a research note on Thursday, February 12th. Weiss Ratings cut Precision Drilling from a "hold (c)" rating to a "sell (d+)" rating in a research note on Thursday, March 12th. Piper Sandler reiterated an "overweight" rating and issued a $105.00 price target (up from $81.00) on shares of Precision Drilling in a research note on Tuesday, February 17th. Zacks Research upgraded Precision Drilling from a "strong sell" rating to a "hold" rating in a research note on Friday, January 30th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Precision Drilling in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $122.33.

Precision Drilling Trading Down 0.9%

PDS opened at $92.45 on Friday. The stock has a market capitalization of $1.20 billion, a PE ratio of -237.03 and a beta of 0.96. The firm's fifty day moving average price is $91.02 and its 200 day moving average price is $73.46. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.62 and a quick ratio of 1.46. Precision Drilling Corporation has a 12-month low of $39.67 and a 12-month high of $103.80.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last announced its quarterly earnings data on Wednesday, February 11th. The oil and gas company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.26. Precision Drilling had a return on equity of 4.12% and a net margin of 0.05%.The firm had revenue of $349.37 million for the quarter, compared to analysts' expectations of $489.80 million. As a group, research analysts expect that Precision Drilling Corporation will post 7.1 EPS for the current fiscal year.

About Precision Drilling

Precision Drilling Corporation NYSE: PDS is a Calgary, Alberta–based oilfield services company that has provided drilling solutions since its founding in 1951. With more than seven decades of industry experience, the company delivers contract drilling services, directional and horizontal drilling, well servicing, and a suite of specialized equipment designed to meet the evolving needs of exploration and production companies worldwide.

The company's core business activities include operating a fleet of onshore drilling rigs, offering managed pressure drilling, measurement-while-drilling (MWD) and logging-while-drilling (LWD) services, and providing completion and workover rigs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.