Franklin Resources Inc. raised its stake in Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD by 21.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,114 shares of the oil and gas company's stock after purchasing an additional 11,331 shares during the period. Franklin Resources Inc. owned 0.45% of Precision Drilling worth $3,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in PDS. US Bancorp DE raised its stake in shares of Precision Drilling by 56.6% during the 3rd quarter. US Bancorp DE now owns 603 shares of the oil and gas company's stock worth $37,000 after acquiring an additional 218 shares in the last quarter. Signaturefd LLC grew its holdings in Precision Drilling by 32.6% in the second quarter. Signaturefd LLC now owns 1,384 shares of the oil and gas company's stock worth $97,000 after purchasing an additional 340 shares during the last quarter. Blue Trust Inc. increased its position in shares of Precision Drilling by 283.7% during the third quarter. Blue Trust Inc. now owns 2,003 shares of the oil and gas company's stock worth $123,000 after purchasing an additional 1,481 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its holdings 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 purchasing an additional 606 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Precision Drilling by 1,579.0% in the 3rd 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. 48.86% of the stock is currently owned by institutional investors.
Precision Drilling Stock Up 0.9 %
PDS stock traded up $0.50 on Wednesday, hitting $58.47. 22,883 shares of the company's stock were exchanged, compared to its average volume of 69,261. The firm has a 50 day moving average price of $61.05 and a two-hundred day moving average price of $65.68. Precision Drilling Co. has a 12-month low of $51.53 and a 12-month high of $79.07. The stock has a market cap of $822.50 million, a P/E ratio of 4.94 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.
About Precision Drilling
(
Free Report)
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.
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