Northwestern Mutual Wealth Management Co. Purchases 116,689 Shares of Precision Drilling Corporation $PDS

Posted by Francis Steltz on May 23rd, 2026

Northwestern Mutual Wealth Management Co. lifted its position in Precision Drilling Corporation (NYSE:PDS – Free Report) (TSE:PD) by 11,668,900.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,690 shares of the oil and gas company’s stock after acquiring an additional 116,689 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Precision Drilling were worth $8,388,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. National Bank of Canada FI raised its holdings in Precision Drilling by 0.6% in the third quarter. National Bank of Canada FI now owns 735,460 shares of the oil and gas company’s stock worth $41,265,000 after purchasing an additional 4,236 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Precision Drilling by 24.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 483,937 shares of the oil and gas company’s stock valued at $27,262,000 after buying an additional 96,339 shares during the last quarter. Aegis Financial Corp boosted its position in Precision Drilling by 110.0% in the 3rd quarter. Aegis Financial Corp now owns 452,359 shares of the oil and gas company’s stock worth $25,486,000 after purchasing an additional 236,963 shares in the last quarter. Picton Mahoney Asset Management raised its stake in shares of Precision Drilling by 100.0% during the 3rd quarter. Picton Mahoney Asset Management now owns 245,981 shares of the oil and gas company’s stock worth $13,851,000 after buying an additional 122,974 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Precision Drilling by 28.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 138,896 shares of the oil and gas company’s stock worth $6,475,000 after buying an additional 30,690 shares during the period. 48.86% of the stock is currently owned by institutional investors.

Precision Drilling Stock Performance

Shares of PDS opened at $96.85 on Friday. The stock has a 50-day simple moving average of $94.37 and a 200-day simple moving average of $80.85. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.52 and a current ratio of 1.70. The stock has a market capitalization of $1.25 billion, a PE ratio of -103.03 and a beta of 0.79. Precision Drilling Corporation has a 1 year low of $40.39 and a 1 year high of $103.80.

Analyst Upgrades and Downgrades

PDS has been the topic of several research reports. TD Securities reissued a “hold” rating on shares of Precision Drilling in a research note on Friday, May 1st. Piper Sandler reiterated an “overweight” rating and set a $105.00 price target (up from $81.00) on shares of Precision Drilling in a report on Tuesday, February 17th. Loop Capital set a $122.00 price target on Precision Drilling in a report on Monday, March 2nd. Weiss Ratings upgraded Precision Drilling from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Precision Drilling in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $122.33.

Check Out Our Latest Research Report on PDS

About Precision Drilling

(Free Report)

Precision Drilling Corporation (NYSE: PDS) is a Calgary, Alberta–based oilfield services company that has provided drilling solutions since its founding in 1951. With more than seven decades of industry experience, the company delivers contract drilling services, directional and horizontal drilling, well servicing, and a suite of specialized equipment designed to meet the evolving needs of exploration and production companies worldwide.

The company’s core business activities include operating a fleet of onshore drilling rigs, offering managed pressure drilling, measurement-while-drilling (MWD) and logging-while-drilling (LWD) services, and providing completion and workover rigs.