Campbell & CO Investment Adviser LLC Purchases Shares of 8,211 Precision Drilling Co. (NYSE:PDS)

Campbell & CO Investment Adviser LLC purchased a new stake in Precision Drilling Co. (NYSE:PDSFree Report) (TSE:PD) during the 4th quarter, Holdings Channel reports. The firm purchased 8,211 shares of the oil and gas company’s stock, valued at approximately $446,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. acquired a new position in shares of Precision Drilling during the 4th quarter worth about $88,000. Alberta Investment Management Corp acquired a new position in shares of Precision Drilling during the 4th quarter worth about $229,000. MQS Management LLC acquired a new position in shares of Precision Drilling during the 3rd quarter worth about $297,000. Aigen Investment Management LP acquired a new position in shares of Precision Drilling during the 4th quarter worth about $244,000. Finally, Navellier & Associates Inc. increased its stake in shares of Precision Drilling by 9.2% during the 3rd quarter. Navellier & Associates Inc. now owns 5,048 shares of the oil and gas company’s stock worth $339,000 after purchasing an additional 424 shares during the last quarter. 48.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Precision Drilling from $81.00 to $101.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. StockNews.com lowered shares of Precision Drilling from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $118.50.

Get Our Latest Report on Precision Drilling

Precision Drilling Stock Up 3.8 %

Shares of PDS opened at $69.15 on Tuesday. The firm’s 50-day simple moving average is $71.00 and its 200 day simple moving average is $63.07. Precision Drilling Co. has a 52 week low of $44.68 and a 52 week high of $77.21. The firm has a market cap of $1.00 billion, a P/E ratio of 6.08 and a beta of 2.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.59 and a current ratio of 1.71.

Precision Drilling (NYSE:PDSGet Free Report) (TSE:PD) last announced its earnings results on Thursday, April 25th. The oil and gas company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.12). Precision Drilling had a return on equity of 10.10% and a net margin of 12.00%. The business had revenue of $391.51 million for the quarter, compared to analyst estimates of $399.44 million. On average, analysts forecast that Precision Drilling Co. will post 6.21 earnings per share for the current year.

About Precision Drilling

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding PDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Precision Drilling Co. (NYSE:PDSFree Report) (TSE:PD).

Institutional Ownership by Quarter for Precision Drilling (NYSE:PDS)

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