Precision DrillingPDS
Market Cap: $918M
About: Precision Drilling Corpd is a provider of contract drilling and completion and production services to oil and natural gas exploration and production companies in Canada, the United States and certain international locations. Contract Drilling Services include drilling rigs, procurement and distribution of oilfield supplies, and the manufacture, sale and repair of drilling equipment. Completion and Production Services include service rigs, oilfield equipment rental, and camp and catering services.
Employees: 5,100
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
61% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 28
11% more capital invested
Capital invested by funds: $533M [Q1] → $593M (+$59.8M) [Q2]
2.5% less ownership
Funds ownership: 54.22% [Q1] → 51.71% (-2.5%) [Q2]
6% less funds holding
Funds holding: 119 [Q1] → 112 (-7) [Q2]
28% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 25
33% less funds holding in top 10
Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]
46% less call options, than puts
Call options by funds: $5.48M | Put options by funds: $10.1M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Piper Sandler Luke Lemoine 33% 1-year accuracy 9 / 27 met price target | 46%upside $95 | Overweight Maintained | 15 Jul 2024 |
Financial journalist opinion
Based on 6 articles about PDS published over the past 30 days