Public Employees Retirement System of Ohio Takes Position in Precision Drilling Corporation $PDS

Posted by Brian Himes on Sep 11th, 2026

Public Employees Retirement System of Ohio purchased a new stake in shares of Precision Drilling Corporation (NYSE:PDS – Free Report) (TSE:PD) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 7,257 shares of the oil and gas company’s stock, valued at approximately $557,000. Public Employees Retirement System of Ohio owned about 0.06% of Precision Drilling at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Group One Trading LLC acquired a new stake in Precision Drilling in the first quarter valued at approximately $81,000. Quarry LP bought a new stake in shares of Precision Drilling during the third quarter worth $54,000. Cubist Systematic Strategies LLC acquired a new position in shares of Precision Drilling during the first quarter worth $45,000. US Bancorp DE increased its holdings in shares of 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 worth $67,000 after buying an additional 408 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Precision Drilling in the 2nd quarter valued at $57,000. 48.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Zacks Research downgraded Precision Drilling from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 1st. Wall Street Zen cut Precision Drilling from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Finally, Weiss Ratings downgraded Precision Drilling from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.33.

Check Out Our Latest Report on Precision Drilling

Precision Drilling Trading Down 0.7%

Shares of NYSE PDS opened at $89.30 on Friday. The firm has a 50 day moving average price of $83.96 and a two-hundred day moving average price of $88.85. The stock has a market cap of $1.14 billion, a P/E ratio of -42.72 and a beta of 0.81. Precision Drilling Corporation has a 52-week low of $53.42 and a 52-week high of $103.80. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.29 and a current ratio of 1.46.

Precision Drilling (NYSE:PDS – Get Free Report) (TSE:PD) last issued its quarterly earnings results on Tuesday, July 28th. The oil and gas company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.81). The business had revenue of $319.15 million for the quarter, compared to analyst estimates of $310.70 million. Precision Drilling had a positive return on equity of 2.11% and a negative net margin of 1.68%. As a group, equities analysts forecast that Precision Drilling Corporation will post 4.62 EPS for the current year.

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.