Sanctuary Advisors LLC Raises Holdings in Precision Drilling Co. (NYSE:PDS)

Sanctuary Advisors LLC lifted its holdings in Precision Drilling Co. (NYSE:PDS) (TSE:PD) by 18.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,690 shares of the oil and gas company’s stock after purchasing an additional 1,215 shares during the quarter. Sanctuary Advisors LLC’s holdings in Precision Drilling were worth $510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE raised its position in Precision Drilling by 56.6% in the 3rd quarter. US Bancorp DE now owns 603 shares of the oil and gas company’s stock worth $37,000 after buying an additional 218 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Precision Drilling by 32.6% during the second quarter. Signaturefd LLC now owns 1,384 shares of the oil and gas company’s stock valued at $97,000 after purchasing an additional 340 shares during the last quarter. Blue Trust Inc. lifted its position in Precision Drilling by 283.7% during the third quarter. Blue Trust Inc. now owns 2,003 shares of the oil and gas company’s stock valued at $123,000 after purchasing an additional 1,481 shares during the period. Northwest & Ethical Investments L.P. boosted its holdings in Precision Drilling by 22.0% in the third quarter. Northwest & Ethical Investments L.P. now owns 3,359 shares of the oil and gas company’s stock worth $207,000 after purchasing an additional 606 shares during the last quarter. Finally, Barclays PLC grew its position in Precision Drilling by 1,579.0% in the 3rd quarter. Barclays PLC now owns 3,358 shares of the oil and gas company’s stock worth $207,000 after purchasing an additional 3,158 shares during the period. 48.86% of the stock is owned by institutional investors.

Precision Drilling Price Performance

NYSE PDS opened at $58.47 on Thursday. The stock has a market capitalization of $822.50 million, a price-to-earnings ratio of 4.94 and a beta of 1.96. Precision Drilling Co. has a 1-year low of $51.53 and a 1-year high of $79.07. 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 business’s fifty day moving average price is $61.05 and its 200-day moving average price is $65.68.

Precision Drilling 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.