4,198 Shares in Precision Drilling Co. (NYSE:PDS) Bought by Versor Investments LP

Versor Investments LP purchased a new stake in Precision Drilling Co. (NYSE:PDS) (TSE:PD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,198 shares of the oil and gas company’s stock, valued at approximately $257,000.

A number of other institutional investors also recently bought and sold shares of PDS. US Bancorp DE increased its holdings in shares of Precision Drilling by 56.6% in the 3rd quarter. US Bancorp DE now owns 603 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 218 shares during the last quarter. Blue Trust Inc. increased its stake in Precision Drilling by 64.7% in the fourth quarter. Blue Trust Inc. now owns 3,298 shares of the oil and gas company’s stock valued at $203,000 after purchasing an additional 1,295 shares during the last quarter. Barclays PLC raised its holdings in 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 worth $207,000 after purchasing an additional 3,158 shares in the last quarter. Northwest & Ethical Investments L.P. lifted 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 worth $207,000 after buying an additional 606 shares during the last quarter. Finally, Virtus Investment Advisers Inc. acquired a new position in shares of Precision Drilling in the 3rd quarter valued at $237,000. 48.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PDS has been the subject of a number of research reports. StockNews.com raised shares of Precision Drilling from a “hold” rating to a “buy” rating in a research report on Friday. TD Securities downgraded Precision Drilling from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd.

Precision Drilling Stock Performance

Shares of Precision Drilling stock opened at $45.98 on Tuesday. The stock has a market capitalization of $630.29 million, a price-to-earnings ratio of 8.55 and a beta of 1.91. The firm’s fifty day simple moving average is $59.07 and its 200-day simple moving average is $61.93. 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 $45.56 and a 12 month high of $79.07.

Precision Drilling (NYSE:PDS) (TSE:PD) last announced its earnings results 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%. As a group, equities analysts forecast that Precision Drilling Co. will post 7.1 earnings per share for the current year.

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.