National Bank of Canada FI Has $44.74 Million Holdings in Precision Drilling Co. (NYSE:PDS)

National Bank of Canada FI increased its holdings in shares of Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD by 1.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 726,284 shares of the oil and gas company's stock after purchasing an additional 10,318 shares during the quarter. National Bank of Canada FI owned 5.17% of Precision Drilling worth $44,740,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its position in Precision Drilling by 2,800.0% in the second quarter. Blue Trust Inc. now owns 522 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 504 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Precision Drilling by 14.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,270 shares of the oil and gas company's stock valued at $300,000 after purchasing an additional 545 shares during the period. Signaturefd LLC boosted its position in shares of Precision Drilling by 32.6% in the 2nd quarter. Signaturefd LLC now owns 1,384 shares of the oil and gas company's stock valued at $97,000 after purchasing an additional 340 shares during the period. Nicola Wealth Management LTD. boosted its position in Precision Drilling by 75.0% during the second quarter. Nicola Wealth Management LTD. now owns 28,000 shares of the oil and gas company's stock valued at $1,970,000 after purchasing an additional 12,000 shares during the last quarter. Finally, Ritholtz Wealth Management grew its stake in shares of Precision Drilling by 151.7% in the 2nd quarter. Ritholtz Wealth Management now owns 10,661 shares of the oil and gas company's stock valued at $750,000 after buying an additional 6,425 shares in the last quarter. Institutional investors and hedge funds own 48.86% of the company's stock.

Precision Drilling Trading Up 2.5 %

PDS traded up $1.46 during mid-day trading on Monday, reaching $60.44. The stock had a trading volume of 55,958 shares, compared to its average volume of 68,968. The stock has a market capitalization of $850.39 million, a P/E ratio of 4.99 and a beta of 1.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.41 and a current ratio of 1.54. The firm's fifty day simple moving average is $62.06 and its two-hundred day simple moving average is $66.68. Precision Drilling Co. has a 52 week low of $49.67 and a 52 week high of $79.07.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their price objective on Precision Drilling from $95.00 to $112.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd.

Precision Drilling Company 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.