Precision Drilling (PDS) Scheduled to Post Quarterly Earnings on Tuesday

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD is scheduled to be announcing its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.55 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last announced its earnings results on Tuesday, July 30th. The oil and gas company reported $1.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.62) by $2.06. The business had revenue of $429.20 million during the quarter, compared to analysts' expectations of $310.13 million. Precision Drilling had a net margin of 11.68% and a return on equity of 9.26%. The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the company posted $1.21 EPS. On average, analysts expect Precision Drilling to post $7 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Precision Drilling Price Performance

Precision Drilling stock traded down $0.94 during trading hours on Tuesday, hitting $58.99. 79,760 shares of the stock were exchanged, compared to its average volume of 58,127. Precision Drilling has a 12 month low of $49.67 and a 12 month high of $79.07. The business's 50-day moving average is $65.91 and its two-hundred day moving average is $68.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.39 and a current ratio of 1.51. The stock has a market capitalization of $829.40 million, a P/E ratio of 5.26 and a beta of 1.96.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PDS shares. StockNews.com upgraded Precision Drilling from a "hold" rating to a "buy" rating in a research report on Thursday, August 1st. Piper Sandler upped their target price on shares of Precision Drilling from $95.00 to $112.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd.

About Precision Drilling

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments.