Hillsdale Investment Management Inc. Buys New Stake in Precision Drilling Corporation $PDS

Posted by Brenda Bartman on May 30th, 2026

Hillsdale Investment Management Inc. bought a new stake in shares of Precision Drilling Corporation (NYSE:PDS – Free Report) (TSE:PD) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 291,836 shares of the oil and gas company’s stock, valued at approximately $20,979,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. US Bancorp DE lifted its position in Precision Drilling by 52.3% during the third quarter. US Bancorp DE now owns 1,188 shares of the oil and gas company’s stock valued at $67,000 after acquiring an additional 408 shares during the last quarter. Geode Capital Management LLC lifted its position in Precision Drilling by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 8,853 shares of the oil and gas company’s stock valued at $632,000 after acquiring an additional 445 shares during the last quarter. Creative Planning lifted its position in Precision Drilling by 6.2% during the third quarter. Creative Planning now owns 8,503 shares of the oil and gas company’s stock valued at $479,000 after acquiring an additional 496 shares during the last quarter. Mackenzie Financial Corp lifted its position in Precision Drilling by 4.7% during the third quarter. Mackenzie Financial Corp now owns 14,930 shares of the oil and gas company’s stock valued at $841,000 after acquiring an additional 672 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Precision Drilling by 19.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,112 shares of the oil and gas company’s stock valued at $367,000 after acquiring an additional 842 shares during the last quarter. Hedge funds and other institutional investors own 48.86% of the company’s stock.

Precision Drilling Trading Down 0.9%

Shares of Precision Drilling stock opened at $89.35 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.52. The firm has a fifty day moving average price of $94.17 and a 200 day moving average price of $82.01. Precision Drilling Corporation has a 1 year low of $42.31 and a 1 year high of $103.80. The stock has a market cap of $1.16 billion, a PE ratio of -95.05 and a beta of 0.79.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Precision Drilling in a research report on Friday, May 1st. Loop Capital set a $122.00 target price on shares of Precision Drilling in a research report on Monday, March 2nd. Zacks Research raised shares of Precision Drilling from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Wall Street Zen cut shares of Precision Drilling from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Royal Bank Of Canada raised their price target on shares of Precision Drilling from $124.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $122.33.

Get Our Latest Stock Report on PDS

Precision Drilling Company Profile

(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.