Signaturefd LLC Has $97,000 Holdings in Precision Drilling Co. (NYSE:PDS)

Signaturefd LLC increased its stake in shares of Precision Drilling Co. (NYSE:PDS) (TSE:PD) by 32.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,384 shares of the oil and gas company’s stock after acquiring an additional 340 shares during the period. Signaturefd LLC’s holdings in Precision Drilling were worth $97,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI raised its stake in shares of Precision Drilling by 29.0% in the 1st quarter. National Bank of Canada FI now owns 711,047 shares of the oil and gas company’s stock valued at $50,886,000 after purchasing an additional 159,871 shares during the period. Aegis Financial Corp bought a new stake in Precision Drilling in the 1st quarter valued at approximately $6,124,000. Wellington Management Group LLP boosted its position in Precision Drilling by 25.0% during the 4th quarter. Wellington Management Group LLP now owns 86,114 shares of the oil and gas company’s stock worth $4,700,000 after acquiring an additional 17,214 shares during the last quarter. Hartree Partners LP grew its stake in shares of Precision Drilling by 113.3% during the 1st quarter. Hartree Partners LP now owns 80,000 shares of the oil and gas company’s stock worth $5,384,000 after acquiring an additional 42,500 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Precision Drilling by 8.1% in the fourth quarter. Franklin Resources Inc. now owns 48,957 shares of the oil and gas company’s stock valued at $2,658,000 after purchasing an additional 3,683 shares during the last quarter. 48.86% of the stock is owned by institutional investors.

Precision Drilling Stock Performance

NYSE PDS opened at $68.16 on Wednesday. The firm’s fifty day moving average price is $71.02 and its two-hundred day moving average price is $69.03. Precision Drilling Co. has a 1 year low of $49.67 and a 1 year high of $79.07. The firm has a market capitalization of $974.82 million, a P/E ratio of 5.99 and a beta of 2.03. The company has a current ratio of 1.51, a quick ratio of 1.39 and a debt-to-equity ratio of 0.52.

Precision Drilling (NYSE:PDS) (TSE:PD) last issued its earnings results on Tuesday, July 30th. The oil and gas company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.62) by $2.06. Precision Drilling had a net margin of 11.68% and a return on equity of 9.26%. The company had revenue of $429.20 million for the quarter, compared to analysts’ expectations of $310.13 million. During the same period in the prior year, the firm earned $1.21 EPS. Precision Drilling’s quarterly revenue was up .8% compared to the same quarter last year. As a group, research analysts anticipate that Precision Drilling Co. will post 6.95 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com upgraded shares of Precision Drilling from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Piper Sandler increased their price objective on shares of Precision Drilling from $95.00 to $112.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Precision Drilling presently has an average rating of “Moderate Buy” and an average price target of $124.00.

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.