Oberweis Asset Management Inc. Buys 8,700 Shares of Precision Drilling Co. (NYSE:PDS)

Oberweis Asset Management Inc. increased its holdings in Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD by 14.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,400 shares of the oil and gas company's stock after acquiring an additional 8,700 shares during the quarter. Oberweis Asset Management Inc. owned about 0.50% of Precision Drilling worth $4,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its holdings in Precision Drilling by 3,575.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 153,800 shares of the oil and gas company's stock worth $9,395,000 after purchasing an additional 149,616 shares during the period. Bank of Montreal Can raised its position in shares of Precision Drilling by 28.0% in the 4th quarter. Bank of Montreal Can now owns 602,954 shares of the oil and gas company's stock worth $36,832,000 after purchasing an additional 131,843 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Precision Drilling by 190.0% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 81,500 shares of the oil and gas company's stock worth $4,982,000 after buying an additional 53,400 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Precision Drilling in the fourth quarter worth approximately $2,492,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Precision Drilling by 12.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 265,254 shares of the oil and gas company's stock valued at $16,198,000 after buying an additional 29,612 shares during the last quarter. 48.86% of the stock is currently owned by institutional investors.

Precision Drilling Stock Performance

Shares of PDS traded down $1.76 during trading hours on Wednesday, hitting $41.52. The stock had a trading volume of 26,932 shares, compared to its average volume of 83,418. Precision Drilling Co. has a 12 month low of $35.87 and a 12 month high of $79.07. The stock has a fifty day moving average price of $44.89 and a 200 day moving average price of $55.28. 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 firm has a market capitalization of $561.39 million, a PE ratio of 7.72 and a beta of 1.53.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last released its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.04). The business had revenue of $345.41 million for the quarter, compared to analysts' expectations of $508.06 million. Precision Drilling had a net margin of 5.87% and a return on equity of 6.72%. Analysts anticipate that Precision Drilling Co. will post 7.1 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com cut Precision Drilling from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Raymond James cut shares of Precision Drilling from a "strong-buy" rating to an "outperform" rating in a research note on Wednesday, April 9th. Finally, TD Securities lowered shares of Precision Drilling from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd.

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.