Barclays PLC Raises Stake in Precision Drilling Co. (NYSE:PDS)

Barclays PLC boosted its stake in Precision Drilling Co. (NYSE:PDS) (TSE:PD) by 1,579.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,358 shares of the oil and gas company’s stock after purchasing an additional 3,158 shares during the quarter. Barclays PLC’s holdings in Precision Drilling were worth $207,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. US Bancorp DE grew its holdings in Precision Drilling by 56.6% in the third quarter. US Bancorp DE now owns 603 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 218 shares during the period. Signaturefd LLC grew its holdings in Precision Drilling by 19.9% in the third quarter. Signaturefd LLC now owns 1,660 shares of the oil and gas company’s stock valued at $102,000 after purchasing an additional 276 shares during the period. Blue Trust Inc. lifted its position in Precision Drilling by 283.7% during the third quarter. Blue Trust Inc. now owns 2,003 shares of the oil and gas company’s stock valued at $123,000 after buying an additional 1,481 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its position in Precision Drilling by 22.0% during the third quarter. Northwest & Ethical Investments L.P. now owns 3,359 shares of the oil and gas company’s stock valued at $207,000 after buying an additional 606 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Precision Drilling during the second quarter valued at approximately $210,000. 48.86% of the stock is currently owned by hedge funds and other institutional investors.

Precision Drilling Trading Down 0.4 %

Shares of PDS stock opened at $63.42 on Tuesday. The stock has a market cap of $884.96 million, a price-to-earnings ratio of 5.36 and a beta of 1.93. The company has a quick ratio of 1.41, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. Precision Drilling Co. has a fifty-two week low of $51.53 and a fifty-two week high of $79.07. The firm’s 50 day moving average price is $61.34 and its two-hundred day moving average price is $65.33.

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.