5,770 Shares in Precision Drilling Corporation $PDS Bought by Beirne Wealth Consulting Services LLC

Beirne Wealth Consulting Services LLC purchased a new stake in Precision Drilling Corporation (NYSE:PDS) (TSE:PD) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,770 shares of the oil and gas company’s stock, valued at approximately $325,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in Precision Drilling by 180.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,579 shares of the oil and gas company’s stock valued at $2,118,000 after buying an additional 24,203 shares in the last quarter. State of Wyoming acquired a new stake in Precision Drilling in the third quarter valued at approximately $243,000. Ballentine Partners LLC bought a new stake in shares of Precision Drilling during the third quarter valued at approximately $259,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Precision Drilling during the third quarter worth approximately $239,000. Finally, Greatmark Investment Partners Inc. lifted its holdings in shares of Precision Drilling by 1.2% in the 3rd quarter. Greatmark Investment Partners Inc. now owns 120,984 shares of the oil and gas company’s stock worth $6,819,000 after purchasing an additional 1,380 shares in the last quarter. Institutional investors own 48.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on PDS shares. Zacks Research upgraded shares of Precision Drilling from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Precision Drilling in a research report on Wednesday, January 28th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Precision Drilling in a research report on Thursday, February 12th. TD Securities reiterated a “hold” rating on shares of Precision Drilling in a research note on Thursday, February 12th. Finally, Wall Street Zen raised Precision Drilling from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $114.50.

Precision Drilling Trading Down 0.3%

NYSE:PDS opened at $87.09 on Wednesday. Precision Drilling Corporation has a 52 week low of $36.20 and a 52 week high of $91.99. The firm has a 50-day moving average price of $75.68 and a two-hundred day moving average price of $64.08. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 1.62. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -223.30 and a beta of 1.04.

Precision Drilling (NYSE:PDS) (TSE:PD) last released its earnings results on Wednesday, February 11th. The oil and gas company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.26. The company had revenue of $349.37 million during the quarter, compared to analyst estimates of $489.80 million. Precision Drilling had a return on equity of 4.12% and a net margin of 0.05%. On average, equities analysts expect that Precision Drilling Corporation will post 7.1 earnings per share for the current fiscal year.

Precision Drilling Company Profile

Precision Drilling Corporation (NYSE: PDS) is a Calgary, Alberta–based oilfield services company that has provided drilling solutions since its founding in 1951. With more than seven decades of industry experience, the company delivers contract drilling services, directional and horizontal drilling, well servicing, and a suite of specialized equipment designed to meet the evolving needs of exploration and production companies worldwide.

The company’s core business activities include operating a fleet of onshore drilling rigs, offering managed pressure drilling, measurement-while-drilling (MWD) and logging-while-drilling (LWD) services, and providing completion and workover rigs.