SIR Capital Management L.P. Has $7.96 Million Stock Holdings in Precision Drilling Co. (NYSE:PDS)

SIR Capital Management L.P. grew its position in Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,078 shares of the oil and gas company's stock after acquiring an additional 12,100 shares during the period. SIR Capital Management L.P. owned about 0.94% of Precision Drilling worth $7,955,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PDS. Aquatic Capital Management LLC acquired a new position in shares of Precision Drilling in the fourth quarter valued at $71,000. Deutsche Bank AG acquired a new position in shares of Precision Drilling in the fourth quarter valued at about $85,000. Signaturefd LLC increased its position in Precision Drilling by 30.1% during the fourth quarter. Signaturefd LLC now owns 2,159 shares of the oil and gas company's stock worth $132,000 after acquiring an additional 499 shares during the period. Quantbot Technologies LP raised its stake in 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 worth $137,000 after purchasing an additional 2,125 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Precision Drilling by 64.7% in the 4th 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 during the period. Institutional investors and hedge funds own 48.86% of the company's stock.

Precision Drilling Trading Down 0.9%

Precision Drilling stock traded down $0.36 during trading hours on Wednesday, hitting $42.09. The stock had a trading volume of 40,866 shares, compared to its average volume of 85,116. The business's 50 day simple moving average is $43.40 and its 200-day simple moving average is $53.53. Precision Drilling Co. has a one year low of $36.20 and a one year high of $79.07. The stock has a market cap of $569.13 million, a price-to-earnings ratio of 7.85 and a beta of 1.07. The company has a quick ratio of 1.35, a current ratio of 1.48 and a debt-to-equity ratio of 0.48.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last released 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). Precision Drilling had a net margin of 5.87% and a return on equity of 6.72%. The firm had revenue of $345.41 million during the quarter, compared to analyst estimates of $508.06 million. On average, equities analysts predict that Precision Drilling Co. will post 7.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PDS has been the subject of a number of analyst reports. Raymond James downgraded shares of Precision Drilling from a "strong-buy" rating to an "outperform" rating in a research report on Wednesday, April 9th. TD Securities downgraded Precision Drilling from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, StockNews.com cut shares of Precision Drilling from a "buy" rating to a "hold" rating in a research 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.