Precision Drilling Co. (NYSE:PDS) Shares Acquired by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. lifted its holdings in Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD by 9.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,601 shares of the oil and gas company's stock after acquiring an additional 7,540 shares during the quarter. Greatmark Investment Partners Inc. owned 0.66% of Precision Drilling worth $5,594,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PDS. US Bancorp DE boosted its holdings in Precision Drilling by 56.6% during the third quarter. US Bancorp DE now owns 603 shares of the oil and gas company's stock worth $37,000 after buying an additional 218 shares in the last quarter. Blue Trust Inc. boosted its holdings in Precision Drilling by 64.7% during the fourth quarter. Blue Trust Inc. now owns 3,298 shares of the oil and gas company's stock worth $203,000 after buying an additional 1,295 shares in the last quarter. Barclays PLC boosted 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 buying an additional 3,158 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its holdings 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 worth $207,000 after buying an additional 606 shares in the last quarter. Finally, Virtus Investment Advisers Inc. purchased a new stake in Precision Drilling during the third quarter worth $237,000. Institutional investors and hedge funds own 48.86% of the company's stock.

Remove Ads

Precision Drilling Trading Up 2.4 %

Shares of PDS traded up $1.05 during trading on Wednesday, reaching $45.55. 77,488 shares of the company traded hands, compared to its average volume of 70,737. Precision Drilling Co. has a twelve month low of $43.00 and a twelve month high of $79.07. The stock has a market cap of $624.40 million, a PE ratio of 8.47 and a beta of 2.05. The stock has a 50-day simple moving average of $55.53 and a 200-day simple moving average of $59.88. The company has a quick ratio of 1.35, a current ratio of 1.48 and a debt-to-equity ratio of 0.48.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last posted 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%. On average, analysts anticipate that Precision Drilling Co. will post 7.1 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. TD Securities downgraded shares of Precision Drilling from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. StockNews.com raised shares of Precision Drilling from a "hold" rating to a "buy" rating in a research note on Sunday.

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.