Dalton Greiner Hartman Maher & Co. boosted its stake in shares of Precision Drilling Corp. (NYSE:PDS) (TSE:PD) by 7.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,482,933 shares of the company’s stock after buying an additional 166,955 shares during the period. Dalton Greiner Hartman Maher & Co. owned approximately 0.85% of Precision Drilling Corp. worth $10,379,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Creative Planning increased its stake in Precision Drilling Corp. by 326.0% in the third quarter. Creative Planning now owns 25,025 shares of the company’s stock valued at $105,000 after buying an additional 19,150 shares during the last quarter. Legal & General Group Plc increased its stake in Precision Drilling Corp. by 21.0% in the second quarter. Legal & General Group Plc now owns 363,858 shares of the company’s stock valued at $1,918,000 after buying an additional 63,079 shares during the last quarter. AHL Partners LLP purchased a new stake in Precision Drilling Corp. during the second quarter valued at $306,000. Cubist Systematic Strategies LLC increased its stake in Precision Drilling Corp. by 488.5% in the second quarter. Cubist Systematic Strategies LLC now owns 62,537 shares of the company’s stock valued at $331,000 after buying an additional 51,910 shares during the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in Precision Drilling Corp. during the second quarter valued at $321,000. 72.65% of the stock is owned by institutional investors and hedge funds.

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

Precision Drilling Corp. (NYSE:PDS) traded down 0.65% during mid-day trading on Tuesday, reaching $4.58. The company had a trading volume of 1,728,874 shares. The firm’s market capitalization is $1.34 billion. The stock’s 50-day moving average is $4.62 and its 200 day moving average is $4.57. Precision Drilling Corp. has a 12 month low of $2.43 and a 12 month high of $6.08.

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Several equities research analysts have recently weighed in on the company. Tudor Pickering raised Precision Drilling Corp. from a “hold” rating to a “buy” rating in a report on Tuesday. TD Securities reaffirmed a “buy” rating and set a $8.00 price target on shares of Precision Drilling Corp. in a report on Thursday, November 3rd. Canaccord Genuity reaffirmed a “hold” rating and set a $7.25 price target (up from $6.75) on shares of Precision Drilling Corp. in a report on Monday, October 24th. RBC Capital Markets reaffirmed an “outperform” rating and set a $8.00 price target on shares of Precision Drilling Corp. in a report on Monday, October 24th. Finally, Scotiabank raised Precision Drilling Corp. from an “underperform” rating to a “sector perform” rating in a report on Monday, October 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $5.66.

Precision Drilling Corp. Company Profile

Precision Drilling Corporation (Precision) provides contract drilling, and completion and production services primarily to oil and natural gas exploration and production companies in Canada, the United States and certain international locations. It operates through two segments: Contract Drilling Services, and Completion and Production Services.

5 Day Chart for NYSE:PDS

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