Precision Drilling Co. (NYSE:PDS) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. decreased its stake in Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD by 47.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,000 shares of the oil and gas company's stock after selling 32,600 shares during the period. Polar Asset Management Partners Inc. owned approximately 0.26% of Precision Drilling worth $2,199,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC lifted its position in Precision Drilling by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 7,285 shares of the oil and gas company's stock worth $450,000 after acquiring an additional 418 shares in the last quarter. Signaturefd LLC raised its stake in shares of Precision Drilling by 30.1% during the fourth 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 during the period. Jane Street Group LLC lifted its position in shares of Precision Drilling by 4.5% during the fourth quarter. Jane Street Group LLC now owns 17,183 shares of the oil and gas company's stock worth $1,049,000 after purchasing an additional 743 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its position in shares of Precision Drilling by 10.8% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 8,477 shares of the oil and gas company's stock worth $518,000 after purchasing an additional 824 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Precision Drilling by 10.8% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,477 shares of the oil and gas company's stock valued at $518,000 after purchasing an additional 824 shares during the period. Institutional investors and hedge funds own 48.86% of the company's stock.

Precision Drilling Stock Down 1.0%

Shares of NYSE:PDS opened at $43.40 on Friday. The firm has a market cap of $586.90 million, a PE ratio of 8.07 and a beta of 1.07. The company has a fifty day simple moving average of $43.46 and a 200 day simple moving average of $53.82. The company has a current ratio of 1.48, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. Precision Drilling Co. has a 12-month low of $36.20 and a 12-month high of $79.07.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last announced its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.04). Precision Drilling had a return on equity of 6.72% and a net margin of 5.87%. The company had revenue of $345.41 million for the quarter, compared to analyst estimates of $508.06 million. On average, equities research analysts anticipate that Precision Drilling Co. will post 7.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.

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