SIR Capital Management L.P. Buys 12,100 Shares of Precision Drilling Co. (NYSE:PDS)

SIR Capital Management L.P. boosted its holdings in Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD by 10.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 130,078 shares of the oil and gas company's stock after buying an additional 12,100 shares during the period. SIR Capital Management L.P. owned 0.94% of Precision Drilling worth $7,955,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Aquatic Capital Management LLC purchased a new position in shares of Precision Drilling during the fourth quarter valued at about $71,000. Deutsche Bank AG purchased a new position in shares of Precision Drilling during the fourth quarter valued at about $85,000. Signaturefd LLC grew its position 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 in the last quarter. Quantbot Technologies LP grew its position in shares of Precision Drilling by 1,741.8% during the fourth 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 in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Precision Drilling by 64.7% during the fourth quarter. Blue Trust Inc. now owns 3,298 shares of the oil and gas company's stock valued at $203,000 after purchasing an additional 1,295 shares in the last quarter. Hedge funds and other institutional investors own 48.86% of the company's stock.

Precision Drilling Trading Down 2.1%

Shares of NYSE:PDS traded down $0.91 during trading on Monday, reaching $42.42. The company's stock had a trading volume of 54,611 shares, compared to its average volume of 85,149. 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. The firm's 50 day simple moving average is $43.41 and its two-hundred day simple moving average is $53.60. The stock has a market capitalization of $573.65 million, a PE ratio of 7.88 and a beta of 1.07.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last announced its quarterly earnings results 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). Precision Drilling had a net margin of 5.87% and a return on equity of 6.72%. The business had revenue of $345.41 million during the quarter, compared to the consensus estimate of $508.06 million. On average, research analysts predict that Precision Drilling Co. will post 7.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PDS shares. StockNews.com lowered Precision Drilling from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. TD Securities lowered Precision Drilling from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Raymond James lowered Precision Drilling from a "strong-buy" rating to an "outperform" rating in a research report on Wednesday, April 9th.

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.