Quantbot Technologies LP Acquires 2,125 Shares of Precision Drilling Co. (NYSE:PDS)

Quantbot Technologies LP increased its holdings in shares of Precision Drilling Co. (NYSE:PDS) (TSE:PD) by 1,741.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,247 shares of the oil and gas company’s stock after purchasing an additional 2,125 shares during the quarter. Quantbot Technologies LP’s holdings in Precision Drilling were worth $137,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in shares of Precision Drilling by 30.1% in the fourth quarter. Signaturefd LLC now owns 2,159 shares of the oil and gas company’s stock worth $132,000 after buying an additional 499 shares in the last quarter. Blue Trust Inc. increased its stake 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 worth $203,000 after acquiring an additional 1,295 shares during the last quarter. Barclays PLC raised its holdings in shares of Precision Drilling by 1,579.0% during the 3rd quarter. Barclays PLC now owns 3,358 shares of the oil and gas company’s stock worth $207,000 after acquiring an additional 3,158 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its position in shares of Precision Drilling by 22.0% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 3,359 shares of the oil and gas company’s stock valued at $207,000 after acquiring an additional 606 shares during the last quarter. Finally, Virtus Investment Advisers Inc. purchased a new position in shares of Precision Drilling in the third quarter valued at $237,000. Institutional investors own 48.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on PDS shares. TD Securities lowered shares of Precision Drilling from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. StockNews.com downgraded Precision Drilling from a “buy” rating to a “hold” rating in a research report on Monday, March 24th.

Precision Drilling Stock Down 3.0 %

Shares of NYSE PDS opened at $45.29 on Monday. Precision Drilling Co. has a 1 year low of $43.00 and a 1 year high of $79.07. The firm has a 50-day simple moving average of $52.51 and a two-hundred day simple moving average of $58.73. The company has a market cap of $613.62 million, a P/E ratio of 8.42 and a beta of 2.05. 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 (NYSE:PDS) (TSE:PD) last announced 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 net margin of 5.87% and a return on equity of 6.72%. Research analysts anticipate that Precision Drilling Co. will post 7.1 earnings per share for the current year.

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.