PDT Partners LLC Acquires 7,520 Shares of Precision Drilling Co. (NYSE:PDS)
PDT Partners LLC has increased its stake in Precision Drilling Co. (NYSE:PDS) by 91% in Q4, acquiring an additional 7,520 shares, bringing its total to 15,784 shares valued at $964,000. Other investors, including Geode Capital and Signaturefd, also raised their positions. Precision Drilling's stock has seen a recent downgrade from analysts, with a current price of $41.89, down 3.2%. The company reported earnings of $1.53 per share, missing estimates, with a revenue of $345.41 million for the last quarter.
PDT Partners LLC increased its position in shares of Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD by 91.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,784 shares of the oil and gas company's stock after purchasing an additional 7,520 shares during the quarter. PDT Partners LLC owned 0.11% of Precision Drilling worth $964,000 at the end of the most recent reporting period.
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Several other large investors have also bought and sold shares of PDS. Geode Capital Management LLC increased its position in Precision Drilling by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 7,285 shares of the oil and gas company's stock valued at $450,000 after acquiring an additional 418 shares during the period. Signaturefd LLC increased its stake in Precision Drilling by 30.1% in 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. Nikko Asset Management Americas Inc. boosted its stake in Precision Drilling by 10.8% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 8,477 shares of the oil and gas company's stock valued at $518,000 after acquiring an additional 824 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position 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 worth $518,000 after buying an additional 824 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new position in shares of Precision Drilling in the fourth quarter worth approximately $71,000. 48.86% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on PDS shares. TD Securities downgraded shares of Precision Drilling from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. StockNews.com lowered shares of Precision Drilling from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Raymond James downgraded shares of Precision Drilling from a "strong-buy" rating to an "outperform" rating in a research report on Wednesday, April 9th.
Read Our Latest Report on PDS
Precision Drilling Stock Down 3.2 %
Precision Drilling stock opened at $41.89 on Thursday. The stock has a market capitalization of $566.39 million, a PE ratio of 7.79 and a beta of 1.53. The business has a 50 day simple moving average of $44.65 and a 200-day simple moving average of $55.19. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.48 and a quick ratio of 1.35. 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 issued its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $1.53 earnings per share 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 firm had revenue of $345.41 million during the quarter, compared to analyst estimates of $508.06 million. On average, analysts anticipate that Precision Drilling Co. will post 7.1 EPS for the current fiscal year.
Precision Drilling Profile
(Free Report)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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