Precision Drilling (PDS) to Release Quarterly Earnings on Tuesday

Precision Drilling (NYSE:PDS) (TSE:PD) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Precision Drilling to post earnings of $1.55 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Precision Drilling (NYSE:PDS) (TSE:PD) last issued its quarterly earnings results on Tuesday, July 30th. The oil and gas company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.62) by $2.06. The business had revenue of $429.20 million for the quarter, compared to the consensus estimate of $310.13 million. Precision Drilling had a net margin of 11.68% and a return on equity of 9.26%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 Trading Up 1.2 %

PDS opened at $58.85 on Monday. Precision Drilling has a 1-year low of $49.67 and a 1-year high of $79.07. The stock has a market capitalization of $827.43 million, a PE ratio of 5.25 and a beta of 1.96. The company has a current ratio of 1.51, a quick ratio of 1.39 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $65.00 and a two-hundred day moving average price of $68.39.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Piper Sandler raised their price target on shares of Precision Drilling from $95.00 to $112.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. StockNews.com raised Precision Drilling from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

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.