PDT Partners LLC Purchases 7,520 Shares of Precision Drilling Co. (NYSE:PDS)

PDT Partners LLC lifted its holdings in shares of Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD by 91.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,784 shares of the oil and gas company's stock after purchasing an additional 7,520 shares during the period. PDT Partners LLC owned about 0.11% of Precision Drilling worth $964,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PDS. Geode Capital Management LLC raised its holdings in shares of Precision Drilling by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 6,867 shares of the oil and gas company's stock worth $425,000 after purchasing an additional 424 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Precision Drilling by 3,575.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 153,800 shares of the oil and gas company's stock worth $9,395,000 after acquiring an additional 149,616 shares during the period. Mountain Lake Investment Management LLC increased its stake in Precision Drilling by 107.9% during 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 buying an additional 26,981 shares during the period. Franklin Resources Inc. raised its holdings in shares of Precision Drilling by 21.9% in the 3rd quarter. Franklin Resources Inc. now owns 63,114 shares of the oil and gas company's stock worth $3,961,000 after purchasing an additional 11,331 shares in the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of Precision Drilling by 1,741.8% in the 4th quarter. Quantbot Technologies LP now owns 2,247 shares of the oil and gas company's stock valued at $137,000 after purchasing an additional 2,125 shares during the period. Hedge funds and other institutional investors own 48.86% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented 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, StockNews.com cut shares of Precision Drilling from a "buy" rating to a "hold" rating in a research note on Monday, March 24th.

Precision Drilling Stock Up 1.5 %

Shares of NYSE PDS traded up $0.61 during mid-day trading on Tuesday, reaching $41.85. 61,539 shares of the company traded hands, compared to its average volume of 84,034. The stock has a market cap of $565.95 million, a PE ratio of 7.80 and a beta of 1.07. 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 company's fifty day moving average is $44.08 and its two-hundred day moving average is $54.73. 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 posted its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.04). The firm had revenue of $345.41 million for the quarter, compared to the consensus estimate of $508.06 million. Precision Drilling had a return on equity of 6.72% and a net margin of 5.87%. On average, analysts expect that Precision Drilling Co. 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.