Trexquant Investment LP Has $1.11 Million Position in Precision Drilling Co. (NYSE:PDS)

Trexquant Investment LP increased its position in Precision Drilling Co. (NYSE:PDS) (TSE:PD) by 36.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,213 shares of the oil and gas company’s stock after buying an additional 4,824 shares during the period. Trexquant Investment LP’s holdings in Precision Drilling were worth $1,112,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI increased its holdings in Precision Drilling by 0.5% in the fourth quarter. National Bank of Canada FI now owns 729,626 shares of the oil and gas company’s stock worth $44,673,000 after buying an additional 3,342 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Precision Drilling by 3,575.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 153,800 shares of the oil and gas company’s stock worth $9,395,000 after buying an additional 149,616 shares during the last quarter. Wellington Management Group LLP increased its holdings in Precision Drilling by 1.6% in the fourth quarter. Wellington Management Group LLP now owns 135,908 shares of the oil and gas company’s stock worth $8,308,000 after buying an additional 2,200 shares during the last quarter. Greatmark Investment Partners Inc. increased its holdings in Precision Drilling by 9.0% in the fourth quarter. Greatmark Investment Partners Inc. now owns 91,601 shares of the oil and gas company’s stock worth $5,594,000 after buying an additional 7,540 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Precision Drilling by 5.9% in the fourth quarter. Franklin Resources Inc. now owns 66,857 shares of the oil and gas company’s stock worth $4,083,000 after buying an additional 3,743 shares during the last quarter. Institutional investors and hedge funds own 48.86% of the company’s stock.

Precision Drilling Stock Down 7.5 %

Shares of Precision Drilling stock opened at $40.81 on Friday. Precision Drilling Co. has a 12-month low of $36.20 and a 12-month high of $79.07. The company has a quick ratio of 1.35, a current ratio of 1.48 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $552.88 million, a P/E ratio of 7.59 and a beta of 1.53. The stock has a 50 day moving average price of $48.34 and a two-hundred day moving average price of $57.11.

Precision Drilling (NYSE:PDS) (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 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 analysts expect that Precision Drilling Co. will post 7.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

PDS has been the topic of a number of research reports. TD Securities downgraded Precision Drilling from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Raymond James cut Precision Drilling from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday. Finally, StockNews.com cut Precision Drilling from a “buy” rating to a “hold” rating in a research report on Monday, March 24th.

Precision Drilling Company Profile

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.