Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD was downgraded by stock analysts at TD Securities from a "strong-buy" rating to a "hold" rating in a research note issued on Monday,Zacks.com reports.
Precision Drilling Trading Down 0.7 %
Shares of PDS stock traded down $0.40 during mid-day trading on Monday, hitting $56.09. The company's stock had a trading volume of 116,199 shares, compared to its average volume of 76,140. 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 company's fifty day simple moving average is $61.06 and its 200-day simple moving average is $63.96. The company has a market cap of $772.93 million, a PE ratio of 4.74 and a beta of 1.91. Precision Drilling has a 52 week low of $54.49 and a 52 week high of $79.07.
Institutional Trading of Precision Drilling
Several large investors have recently made changes to their positions in PDS. Squarepoint Ops LLC acquired a new stake in shares of Precision Drilling in the 2nd quarter valued at about $210,000. The Manufacturers Life Insurance Company grew its stake in shares of Precision Drilling by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,020 shares of the oil and gas company's stock valued at $844,000 after buying an additional 150 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Precision Drilling in the 2nd quarter valued at about $468,000. Ritholtz Wealth Management grew its stake in shares of Precision Drilling by 51.9% in the 3rd quarter. Ritholtz Wealth Management now owns 16,193 shares of the oil and gas company's stock valued at $998,000 after buying an additional 5,532 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Precision Drilling by 283.7% in the 3rd quarter. Blue Trust Inc. now owns 2,003 shares of the oil and gas company's stock valued at $123,000 after buying an additional 1,481 shares during the period. 48.86% of the stock is currently owned by institutional investors and hedge funds.
About Precision Drilling
(
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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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