O Shaughnessy Asset Management LLC Sells 32,298 Shares of Precision Drilling Co. (NYSE:PDS)

O Shaughnessy Asset Management LLC decreased its position in shares of Precision Drilling Co. (NYSE:PDS) (TSE:PD) by 49.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 33,483 shares of the oil and gas company’s stock after selling 32,298 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Precision Drilling were worth $2,045,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Signaturefd LLC increased its holdings in Precision Drilling by 30.1% during 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 in the last quarter. Quantbot Technologies LP increased its stake in shares of Precision Drilling by 1,741.8% in the fourth quarter. Quantbot Technologies LP now owns 2,247 shares of the oil and gas company’s stock valued at $137,000 after buying an additional 2,125 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Precision Drilling by 64.7% in the fourth quarter. Blue Trust Inc. now owns 3,298 shares of the oil and gas company’s stock valued at $203,000 after buying an additional 1,295 shares during the last quarter. Barclays PLC lifted its position in Precision Drilling by 1,579.0% during the 3rd quarter. Barclays PLC now owns 3,358 shares of the oil and gas company’s stock worth $207,000 after buying an additional 3,158 shares in the last quarter. Finally, Guardian Partners Inc. bought a new stake in Precision Drilling during the 4th quarter worth about $217,000. Institutional investors own 48.86% of the company’s stock.

Analyst Upgrades and Downgrades

PDS has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Precision Drilling from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. TD Securities downgraded Precision Drilling from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd.

Precision Drilling Stock Down 9.8 %

Shares of NYSE PDS opened at $39.57 on Friday. Precision Drilling Co. has a 1 year low of $38.38 and a 1 year high of $79.07. The firm’s 50-day moving average is $50.56 and its 200-day moving average is $58.15. The company has a current ratio of 1.48, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $536.11 million, a PE ratio of 7.36 and a beta of 1.53.

Precision Drilling (NYSE:PDS) (TSE:PD) last announced its quarterly earnings data on Wednesday, February 12th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 EPS for the current year.

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.