Wilsey Asset Management Inc buys $3,617,307 stake in Precision Drilling Corp (USA) (PDS)

Precision Drilling Corp (USA) (PDS) : Wilsey Asset Management Inc scooped up 1,003 additional shares in Precision Drilling Corp (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 738,226 shares of Precision Drilling Corp (USA) which is valued at $3,617,307.Precision Drilling Corp (USA) makes up approximately 2.76% of Wilsey Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp added PDS to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $2,450. Simplex Trading added PDS to its portfolio by purchasing 394 company shares during the most recent quarter which is valued at $1,820.Foundation Resource Management Inc reduced its stake in PDS by selling 400 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 580,660 shares of PDS which is valued at $2,514,258. Precision Drilling Corp (USA) makes up approx 0.45% of Foundation Resource Management Inc’s portfolio.

Precision Drilling Corp (USA) closed down -0.15 points or -3.06% at $4.75 with 60,30,329 shares getting traded on Tuesday. Post opening the session at $4.81, the shares hit an intraday low of $4.655 and an intraday high of $4.87 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Precision Drilling Corp (USA) reported $-0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $-0.24. The company had revenue of $164.00 million for the quarter, compared to analysts expectations of $167.35 million. The company’s revenue was down -51.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.10 EPS.

Many Wall Street Analysts have commented on Precision Drilling Corp (USA). Precision Drilling Corp (USA) was Upgraded by Jefferies to ” Hold” on Sep 6, 2016.

Precision Drilling Corporation (Precision) is an oilfield services company. The Company provides contract drilling well servicing and strategic support services to customers. It provides customers with access to a fleet of contract drilling rigs directional drilling services well service and snubbing rigs coiled tubing services camps rental equipment and water treatment units backed by a mix of technical support services. The Company provides the equipment personnel and support services which enables drill complete and workover onshore wells for conventional and unconventional crude oil and natural gas exploration and production. The Company’s service lines include Drilling Rigs (Canada) Drilling Rigs (United States) Drilling Rigs (International) Directional Drilling (Canada and United States) Rig Builds and Repair Turnkey Drilling Services Oilfield Supplies (Canada and United States) and Oilfield Equipment Rentals among others.

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