Guardian Partners Inc. Makes New Investment in Precision Drilling Co. (NYSE:PDS)

Guardian Partners Inc. purchased a new position in shares of Precision Drilling Co. (NYSE:PDS) (TSE:PD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,394 shares of the oil and gas company’s stock, valued at approximately $217,000.

A number of other large investors have also recently bought and sold shares of PDS. Geode Capital Management LLC raised its stake in shares of Precision Drilling by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 6,867 shares of the oil and gas company’s stock worth $425,000 after purchasing an additional 424 shares in the last quarter. Mountain Lake Investment Management LLC raised its stake in shares of Precision Drilling by 107.9% during the 4th quarter. Mountain Lake Investment Management LLC now owns 51,981 shares of the oil and gas company’s stock worth $3,174,000 after purchasing an additional 26,981 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Precision Drilling by 21.9% during the 3rd quarter. Franklin Resources Inc. now owns 63,114 shares of the oil and gas company’s stock worth $3,961,000 after purchasing an additional 11,331 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Precision Drilling by 1.4% during the 3rd quarter. National Bank of Canada FI now owns 726,284 shares of the oil and gas company’s stock worth $44,740,000 after purchasing an additional 10,318 shares in the last quarter. Finally, Polar Asset Management Partners Inc. raised its stake in shares of Precision Drilling by 111.1% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 68,600 shares of the oil and gas company’s stock worth $4,226,000 after purchasing an additional 36,100 shares in the last quarter. Institutional investors and hedge funds own 48.86% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on PDS. StockNews.com upgraded Precision Drilling from a “hold” rating to a “buy” rating in a research note on Sunday, March 16th. TD Securities cut Precision Drilling from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd.

Precision Drilling Stock Performance

Shares of NYSE PDS opened at $44.96 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.48 and a quick ratio of 1.35. The stock’s fifty day moving average price is $54.39 and its two-hundred day moving average price is $59.38. Precision Drilling Co. has a one year low of $43.00 and a one year high of $79.07. The firm has a market cap of $613.48 million, a price-to-earnings ratio of 8.36 and a beta of 2.05.

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