Precision Drilling (PD) Scheduled to Post Earnings on Thursday

Precision Drilling (TSE:PD) (NYSE:PDS) is scheduled to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Precision Drilling to post earnings of C$2.84 per share for the quarter.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its quarterly earnings data on Tuesday, February 6th. The company reported C$4.70 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.82 by C$1.88. The firm had revenue of C$506.87 million for the quarter, compared to the consensus estimate of C$476.00 million. Precision Drilling had a return on equity of 20.61% and a net margin of 14.93%.

Precision Drilling Stock Performance

PD stock opened at C$90.24 on Tuesday. The business’s fifty day moving average is C$89.02 and its 200-day moving average is C$81.83. The company has a quick ratio of 1.36, a current ratio of 1.40 and a debt-to-equity ratio of 62.97. The company has a market cap of C$1.31 billion, a P/E ratio of 4.62, a price-to-earnings-growth ratio of -3.24 and a beta of 2.92. Precision Drilling has a twelve month low of C$56.42 and a twelve month high of C$104.90.

Insiders Place Their Bets

In other Precision Drilling news, Senior Officer Veronica H. Foley sold 1,763 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total transaction of C$109,711.49. In other news, Director Carey Thomas Ford sold 3,756 shares of Precision Drilling stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of C$62.16, for a total value of C$233,472.96. Also, Senior Officer Veronica H. Foley sold 1,763 shares of Precision Drilling stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total transaction of C$109,711.49. Insiders sold 21,373 shares of company stock worth $1,329,227 over the last three months. Insiders own 1.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on PD shares. Royal Bank of Canada lowered their price objective on shares of Precision Drilling from C$125.00 to C$122.00 in a research report on Friday, January 12th. TD Securities lowered their price objective on shares of Precision Drilling from C$125.00 to C$115.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Stifel Nicolaus upped their price objective on shares of Precision Drilling from C$115.00 to C$125.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Evercore lowered their price objective on shares of Precision Drilling from C$142.00 to C$139.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Finally, BMO Capital Markets upped their price objective on shares of Precision Drilling from C$125.00 to C$130.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$126.73.

Precision Drilling Company Profile

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.