68,464 Shares in Precision Drilling Corporation (NYSE:PDS) Purchased by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC acquired a new stake in Precision Drilling Corporation (NYSE:PDS - Free Report) TSE: PD during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 68,464 shares of the oil and gas company's stock, valued at approximately $3,192,000. Quotient Wealth Partners LLC owned 0.51% of Precision Drilling at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Precision Drilling by 18.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,800 shares of the oil and gas company's stock valued at $1,393,000 after buying an additional 3,500 shares in the last quarter. Greatmark Investment Partners Inc. increased its holdings in shares of Precision Drilling by 9.0% in the 4th quarter. Greatmark Investment Partners Inc. now owns 91,601 shares of the oil and gas company's stock worth $5,594,000 after buying an additional 7,540 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Precision Drilling by 30.1% in the 4th quarter. Signaturefd LLC now owns 2,159 shares of the oil and gas company's stock valued at $132,000 after purchasing an additional 499 shares in the last quarter. Nikko Asset Management Americas Inc. raised its holdings in Precision Drilling by 10.8% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 8,477 shares of the oil and gas company's stock valued at $518,000 after buying an additional 824 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in Precision Drilling by 1,741.8% in the fourth quarter. Quantbot Technologies LP now owns 2,247 shares of the oil and gas company's stock valued at $137,000 after acquiring an additional 2,125 shares in the last quarter. 48.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PDS has been the subject of several research analyst reports. Wall Street Zen downgraded Precision Drilling from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Raymond James Financial downgraded shares of Precision Drilling from a "strong-buy" rating to an "outperform" rating in a research note on Wednesday, April 9th.

Precision Drilling Stock Down 1.4%

PDS traded down $0.72 during trading hours on Wednesday, hitting $51.07. 63,302 shares of the company's stock were exchanged, compared to its average volume of 94,203. Precision Drilling Corporation has a 12-month low of $36.20 and a 12-month high of $79.07. The firm has a 50 day moving average of $46.16 and a 200 day moving average of $50.00. The company has a current ratio of 0.91, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The firm has a market cap of $681.78 million, a P/E ratio of 10.15 and a beta of 1.06.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last posted its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $1.53 earnings per share for the quarter, missing analysts' consensus estimates of $1.57 by ($0.04). The business had revenue of $345.41 million during the quarter, compared to analysts' expectations of $508.06 million. Precision Drilling had a net margin of 5.84% and a return on equity of 6.51%. Analysts predict that Precision Drilling Corporation will post 7.1 EPS 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.