Shares of Precision Drilling Co. (NYSE:PDS - Get Free Report) TSE: PD saw unusually-strong trading volume on Wednesday . Approximately 146,415 shares changed hands during trading, an increase of 92% from the previous session's volume of 76,223 shares.The stock last traded at $47.61 and had previously closed at $47.78.
Analysts Set New Price Targets
PDS has been the subject of several recent research reports. StockNews.com lowered Precision Drilling from a "buy" rating to a "hold" rating in a report on Monday, March 24th. TD Securities cut shares of Precision Drilling from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd.
Check Out Our Latest Research Report on Precision Drilling
Precision Drilling Stock Performance
The company has a 50-day moving average of $50.56 and a 200 day moving average of $58.05. The firm has a market capitalization of $545.54 million, a PE ratio of 7.48 and a beta of 1.53. 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 announced 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%. Equities research analysts predict that Precision Drilling Co. will post 7.1 EPS for the current year.
Institutional Trading of Precision Drilling
Several hedge funds and other institutional investors have recently bought and sold shares of PDS. Aquatic Capital Management LLC purchased a new stake in Precision Drilling in the fourth quarter worth about $71,000. Deutsche Bank AG purchased a new stake in Precision Drilling in the fourth quarter worth about $85,000. Signaturefd LLC lifted its holdings in shares of Precision Drilling by 30.1% during the fourth quarter. Signaturefd LLC now owns 2,159 shares of the oil and gas company's stock valued at $132,000 after purchasing an additional 499 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of Precision Drilling by 1,741.8% in the 4th quarter. Quantbot Technologies LP now owns 2,247 shares of the oil and gas company's stock worth $137,000 after buying an additional 2,125 shares during the last quarter. Finally, Blue Trust Inc. raised its stake 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 valued at $203,000 after buying an additional 1,295 shares during the last quarter. Institutional investors own 48.86% of the company's stock.
Precision Drilling Company Profile
(
Get 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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