National Bank of Canada FI Raises Stock Holdings in Precision Drilling Co. (NYSE:PDS)

National Bank of Canada FI boosted its position in shares of Precision Drilling Co. (NYSE:PDS) (TSE:PD) by 0.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 729,626 shares of the oil and gas company’s stock after buying an additional 3,342 shares during the quarter. National Bank of Canada FI owned approximately 5.29% of Precision Drilling worth $44,673,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PDS. 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 acquiring an additional 499 shares during the last quarter. Quantbot Technologies LP lifted its holdings 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 buying an additional 2,125 shares during the period. Blue Trust Inc. grew its position in shares of 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 worth $203,000 after buying an additional 1,295 shares during the last quarter. Barclays PLC increased its stake in shares of Precision Drilling by 1,579.0% during the third quarter. Barclays PLC now owns 3,358 shares of the oil and gas company’s stock valued at $207,000 after buying an additional 3,158 shares during the period. Finally, Guardian Partners Inc. bought a new position in shares of Precision Drilling during the fourth quarter valued at approximately $217,000. Institutional investors own 48.86% of the company’s stock.

Precision Drilling Stock Performance

Shares of Precision Drilling stock opened at $48.12 on Thursday. Precision Drilling Co. has a 12 month low of $43.00 and a 12 month high of $79.07. The firm has a market capitalization of $651.93 million, a P/E ratio of 8.94 and a beta of 1.53. The company has a current ratio of 1.48, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $51.43 and a two-hundred day simple moving average of $58.43.

Precision Drilling (NYSE:PDS) (TSE:PD) last posted its quarterly earnings data on Wednesday, February 12th. The oil and gas company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.64). Precision Drilling had a return on equity of 6.72% and a net margin of 5.87%. On average, equities analysts forecast that Precision Drilling Co. will post 7.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PDS shares. TD Securities downgraded shares of Precision Drilling from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. 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.