Axa held its stake in shares of Precision Drilling Corporation (NYSE:PDS) (TSE:PD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,713 shares of the oil and gas company’s stock at the close of the second quarter. Axa’s holdings in Precision Drilling Corporation were worth $371,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PDS. Bank of New York Mellon Corp increased its holdings in Precision Drilling Corporation by 2.4% in the 1st quarter. Bank of New York Mellon Corp now owns 84,060 shares of the oil and gas company’s stock worth $396,000 after buying an additional 1,938 shares during the period. Parametric Portfolio Associates LLC increased its holdings in Precision Drilling Corporation by 140.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 53,083 shares of the oil and gas company’s stock worth $251,000 after buying an additional 30,964 shares during the period. Quantbot Technologies LP acquired a new position in Precision Drilling Corporation in the 1st quarter worth approximately $102,000. JPMorgan Chase & Co. increased its holdings in Precision Drilling Corporation by 395.3% in the 1st quarter. JPMorgan Chase & Co. now owns 219,073 shares of the oil and gas company’s stock worth $1,034,000 after buying an additional 174,839 shares during the period. Finally, Cipher Capital LP acquired a new position in Precision Drilling Corporation in the 1st quarter worth approximately $120,000. Institutional investors own 61.43% of the company’s stock.

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Precision Drilling Corporation (NYSE:PDS) opened at 3.15 on Thursday. The stock’s market cap is $923.70 million. The stock’s 50 day moving average price is $2.75 and its 200-day moving average price is $3.58. Precision Drilling Corporation has a 12 month low of $2.38 and a 12 month high of $6.25.

Precision Drilling Corporation (NYSE:PDS) (TSE:PD) last released its earnings results on Monday, July 31st. The oil and gas company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.07. The business had revenue of $275.52 million for the quarter, compared to analyst estimates of $271.33 million. Precision Drilling Corporation had a negative return on equity of 7.10% and a negative net margin of 12.38%. The company’s revenue for the quarter was up 68.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.20) earnings per share. Equities research analysts predict that Precision Drilling Corporation will post ($0.32) EPS for the current year.

PDS has been the topic of several research reports. Zacks Investment Research downgraded shares of Precision Drilling Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Jefferies Group LLC set a $6.00 price target on shares of Precision Drilling Corporation and gave the stock a “buy” rating in a report on Tuesday, June 6th. Cowen and Company reaffirmed a “buy” rating and set a $5.00 price objective on shares of Precision Drilling Corporation in a research note on Tuesday, July 11th. ValuEngine cut shares of Precision Drilling Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Finally, BidaskClub cut shares of Precision Drilling Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $6.30.

Precision Drilling Corporation Company Profile

Precision Drilling Corporation (Precision) is an oilfield services company. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services.

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

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