Quotient Wealth Partners LLC Purchases Shares of 68,464 Precision Drilling Corporation (NYSE:PDS)

Quotient Wealth Partners LLC purchased a new position in shares of Precision Drilling Corporation (NYSE:PDS - Free Report) TSE: PD during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 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.

Other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in Precision Drilling by 31.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,163 shares of the oil and gas company's stock worth $520,000 after buying an additional 2,686 shares during the period. Intact Investment Management Inc. acquired a new position in shares of Precision Drilling in the first quarter valued at approximately $2,594,000. Wellington Management Group LLP increased its position in shares of Precision Drilling by 1.6% during the fourth quarter. Wellington Management Group LLP now owns 135,908 shares of the oil and gas company's stock worth $8,308,000 after acquiring an additional 2,200 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Precision Drilling by 2.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,388 shares of the oil and gas company's stock worth $695,000 after acquiring an additional 250 shares during the period. Finally, SG Capital Management LLC acquired a new stake in shares of Precision Drilling during the fourth quarter worth $1,779,000. Institutional investors own 48.86% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PDS. Wall Street Zen lowered shares of Precision Drilling from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Raymond James Financial cut Precision Drilling from a "strong-buy" rating to an "outperform" rating in a research report on Wednesday, April 9th.

Precision Drilling Stock Down 0.2%

Shares of PDS stock traded down $0.10 during trading on Thursday, reaching $51.00. The company's stock had a trading volume of 30,055 shares, compared to its average volume of 93,955. Precision Drilling Corporation has a one year low of $36.20 and a one year high of $79.07. The business has a fifty day moving average price of $46.16 and a 200-day moving average price of $50.00. The company has a market cap of $680.78 million, a price-to-earnings ratio of 10.15 and a beta of 1.06. The company has a quick ratio of 0.82, a current ratio of 0.91 and a debt-to-equity ratio of 0.33.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last posted 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). The business had revenue of $345.41 million for the quarter, compared to analyst estimates of $508.06 million. Precision Drilling had a return on equity of 6.51% and a net margin of 5.84%. Analysts anticipate that Precision Drilling Corporation will post 7.1 earnings per share for the current year.

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.