Precision Drilling Corporation (NYSE:PDS - Get Free Report) TSE: PD passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $88.24 and traded as high as $88.76. Precision Drilling shares last traded at $88.50, with a volume of 126,065 shares trading hands.
Analyst Ratings Changes
Several analysts have commented on PDS shares. Wall Street Zen downgraded shares of Precision Drilling from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. Weiss Ratings downgraded shares of Precision Drilling from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, June 23rd. Zacks Research lowered shares of Precision Drilling from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 1st. BMO Capital Markets reiterated an "outperform" rating on shares of Precision Drilling in a report on Thursday, April 30th. Finally, Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Precision Drilling in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $122.33.
Check Out Our Latest Stock Report on PDS
Precision Drilling Stock Performance
The company has a market cap of $1.14 billion, a P/E ratio of -42.34 and a beta of 0.78. The company has a quick ratio of 1.29, a current ratio of 1.46 and a debt-to-equity ratio of 0.39. The stock's 50-day moving average price is $81.95 and its 200 day moving average price is $88.24.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Hillsdale Investment Management Inc. grew its position in shares of Precision Drilling by 67.0% in the first quarter. Hillsdale Investment Management Inc. now owns 487,434 shares of the oil and gas company's stock valued at $47,957,000 after purchasing an additional 195,598 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Precision Drilling by 37.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 288,013 shares of the oil and gas company's stock valued at $28,340,000 after purchasing an additional 77,775 shares during the period. Lazard Asset Management LLC grew its holdings in Precision Drilling by 540.1% in the 1st quarter. Lazard Asset Management LLC now owns 25,392 shares of the oil and gas company's stock valued at $2,499,000 after buying an additional 21,425 shares during the last quarter. Equinox Partners Investment Management LLC acquired a new stake in Precision Drilling in the 4th quarter valued at approximately $2,161,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Precision Drilling by 11,668,900.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 116,690 shares of the oil and gas company's stock worth $8,388,000 after buying an additional 116,689 shares during the period. Institutional investors and hedge funds own 48.86% of the company's stock.
About Precision Drilling
(
Get Free Report)
Precision Drilling Corporation NYSE: PDS is a Calgary, Alberta–based oilfield services company that has provided drilling solutions since its founding in 1951. With more than seven decades of industry experience, the company delivers contract drilling services, directional and horizontal drilling, well servicing, and a suite of specialized equipment designed to meet the evolving needs of exploration and production companies worldwide.
The company's core business activities include operating a fleet of onshore drilling rigs, offering managed pressure drilling, measurement-while-drilling (MWD) and logging-while-drilling (LWD) services, and providing completion and workover rigs.
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