Precision Drilling Co. (NYSE:PDS) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP decreased its stake in Precision Drilling Co. (NYSE:PDS) (TSE:PD) by 26.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,363 shares of the oil and gas company’s stock after selling 4,342 shares during the period. Two Sigma Investments LP owned 0.09% of Precision Drilling worth $755,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PDS. Aquatic Capital Management LLC purchased a new stake in Precision Drilling in the 4th quarter valued at $71,000. Deutsche Bank AG purchased a new stake in Precision Drilling in the 4th quarter valued at $85,000. Signaturefd LLC raised its position in Precision Drilling by 30.1% in the 4th 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 raised its position in 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 valued at $137,000 after purchasing an additional 2,125 shares during the last quarter. Finally, Guardian Partners Inc. purchased a new stake in Precision Drilling in the 4th quarter valued at $217,000. Institutional investors and hedge funds own 48.86% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on PDS. Raymond James downgraded shares of Precision Drilling from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, April 9th. Wall Street Zen downgraded shares of Precision Drilling from a “buy” rating to a “hold” rating in a research report on Monday, March 24th.

Precision Drilling Stock Up 3.6%

Shares of Precision Drilling stock opened at $47.93 on Friday. The company has a market cap of $644.13 million, a P/E ratio of 8.91 and a beta of 1.07. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 1.48. Precision Drilling Co. has a one year low of $36.20 and a one year high of $79.07. The firm has a fifty day moving average of $42.88 and a two-hundred day moving average of $51.77.

Precision Drilling (NYSE:PDS) (TSE:PD) last announced its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.04). The firm had revenue of $345.41 million for the quarter, compared to analysts’ expectations of $508.06 million. Precision Drilling had a return on equity of 6.72% and a net margin of 5.87%. On average, analysts forecast that Precision Drilling Co. will post 7.1 earnings per share for the current year.

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.