Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD is expected to be announcing its earnings results after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $1.54 per share and revenue of $508.06 million for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.
Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last issued its quarterly earnings results on Wednesday, February 12th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.64). Precision Drilling had a return on equity of 6.72% and a net margin of 5.87%. 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 Stock Performance
Precision Drilling stock traded up $1.23 during trading on Friday, hitting $43.38. The stock had a trading volume of 123,583 shares, compared to its average volume of 83,089. The company has a quick ratio of 1.35, a current ratio of 1.48 and a debt-to-equity ratio of 0.48. The stock's 50 day moving average is $46.87 and its two-hundred day moving average is $56.47. Precision Drilling has a 1 year low of $36.20 and a 1 year high of $79.07. The stock has a market cap of $579.97 million, a price-to-earnings ratio of 8.06 and a beta of 1.53.
Analysts Set New Price Targets
Several brokerages recently weighed in on PDS. Raymond James lowered Precision Drilling from a "strong-buy" rating to an "outperform" rating in a report on Wednesday, April 9th. StockNews.com lowered shares of Precision Drilling from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, TD Securities cut Precision Drilling from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd.
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About Precision Drilling
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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.
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