O Shaughnessy Asset Management LLC Has $2.05 Million Stock Holdings in Precision Drilling Co. (NYSE:PDS)

O Shaughnessy Asset Management LLC lowered its holdings in Precision Drilling Co. (NYSE:PDS) (TSE:PD) by 49.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,483 shares of the oil and gas company’s stock after selling 32,298 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.24% of Precision Drilling worth $2,045,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in PDS. Arrowstreet Capital Limited Partnership grew its stake in shares of 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 acquiring an additional 149,616 shares during the last quarter. JPMorgan Chase & Co. grew its position in Precision Drilling by 91.7% in the 4th quarter. JPMorgan Chase & Co. now owns 28,691 shares of the oil and gas company’s stock worth $1,752,000 after purchasing an additional 13,722 shares during the last quarter. Guardian Partners Inc. acquired a new stake in Precision Drilling in the 4th quarter worth $217,000. Quantbot Technologies LP increased its holdings in shares of Precision Drilling by 1,741.8% during the 4th quarter. Quantbot Technologies LP now owns 2,247 shares of the oil and gas company’s stock worth $137,000 after purchasing an additional 2,125 shares during the period. Finally, Nikko Asset Management Americas Inc. raised its position in shares of Precision Drilling by 10.8% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 8,477 shares of the oil and gas company’s stock valued at $518,000 after buying an additional 824 shares during the last quarter. 48.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PDS. TD Securities lowered Precision Drilling from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. StockNews.com lowered Precision Drilling from a “buy” rating to a “hold” rating in a research note on Monday, March 24th.

Precision Drilling Stock Performance

NYSE PDS opened at $39.57 on Friday. Precision Drilling Co. has a twelve month low of $38.38 and a twelve 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 cap of $536.11 million, a P/E ratio of 7.36 and a beta of 1.53. The company’s 50-day simple moving average is $50.56 and its 200 day simple moving average is $58.15.

Precision Drilling (NYSE:PDS) (TSE:PD) last released 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%. As a group, research analysts forecast that Precision Drilling Co. will post 7.1 earnings per share for the current fiscal year.

About Precision Drilling

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.