Precision Drilling Co. (NYSE:PDS - Get Free Report) TSE: PD's share price reached a new 52-week low during trading on Monday . The company traded as low as $54.90 and last traded at $55.01, with a volume of 31701 shares traded. The stock had previously closed at $58.29.
Analyst Ratings Changes
Separately, TD Securities lowered shares of Precision Drilling from a "strong-buy" rating to a "hold" rating in a research note on Monday.
Check Out Our Latest Research Report on Precision Drilling
Precision Drilling Price Performance
The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 1.41. The company has a fifty day moving average price of $61.32 and a 200 day moving average price of $64.12. The company has a market capitalization of $777.26 million, a P/E ratio of 4.77 and a beta of 1.91.
Institutional Investors Weigh In On Precision Drilling
A number of hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its position in 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 acquiring an additional 150 shares during the period. US Bancorp DE increased its holdings in shares of Precision Drilling by 56.6% in the third quarter. US Bancorp DE now owns 603 shares of the oil and gas company's stock valued at $37,000 after buying an additional 218 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Precision Drilling by 19.9% during the 3rd quarter. Signaturefd LLC now owns 1,660 shares of the oil and gas company's stock worth $102,000 after acquiring an additional 276 shares in the last quarter. Geode Capital Management LLC increased its stake in Precision Drilling by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 6,867 shares of the oil and gas company's stock worth $425,000 after purchasing an additional 424 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. raised its holdings in shares of Precision Drilling by 22.0% during the third quarter. Northwest & Ethical Investments L.P. now owns 3,359 shares of the oil and gas company's stock valued at $207,000 after acquiring an additional 606 shares during the period. 48.86% of the stock is currently owned by institutional investors.
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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