Precision Drilling (NYSE:PDS) Reaches New 52-Week Low - Should You Sell?

Shares of Precision Drilling Co. (NYSE:PDS - Get Free Report) TSE: PD hit a new 52-week low during mid-day trading on Monday . The company traded as low as $53.27 and last traded at $53.40, with a volume of 93355 shares. The stock had previously closed at $53.98.

Wall Street Analyst Weigh In

PDS has been the subject of several research analyst reports. TD Securities downgraded shares of Precision Drilling from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. StockNews.com cut shares of Precision Drilling from a "buy" rating to a "hold" rating in a research note on Friday, February 14th.

Precision Drilling Trading Down 0.0 %

The firm has a market cap of $692.94 million, a PE ratio of 9.39 and a beta of 1.91. The company's fifty day moving average price is $59.56 and its two-hundred day moving average price is $62.43. 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 earnings per share 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, sell-side analysts forecast that Precision Drilling Co. will post 7.1 earnings per share for the current fiscal year.

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Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in Precision Drilling by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 6,867 shares of the oil and gas company's stock valued at $425,000 after buying an additional 424 shares during the period. Mountain Lake Investment Management LLC boosted its holdings in shares of Precision Drilling by 107.9% during the fourth quarter. Mountain Lake Investment Management LLC now owns 51,981 shares of the oil and gas company's stock worth $3,174,000 after purchasing an additional 26,981 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Precision Drilling by 21.9% during the third quarter. Franklin Resources Inc. now owns 63,114 shares of the oil and gas company's stock worth $3,961,000 after purchasing an additional 11,331 shares during the period. National Bank of Canada FI boosted its holdings in shares of Precision Drilling by 1.4% during the third quarter. National Bank of Canada FI now owns 726,284 shares of the oil and gas company's stock worth $44,740,000 after purchasing an additional 10,318 shares during the period. Finally, Polar Asset Management Partners Inc. raised its position in Precision Drilling by 111.1% during the third quarter. Polar Asset Management Partners Inc. now owns 68,600 shares of the oil and gas company's stock valued at $4,226,000 after acquiring an additional 36,100 shares in the last quarter. 48.86% of the stock is currently owned by institutional investors.

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.