Precision Drilling (PD) to Release Earnings on Thursday

Precision Drilling (TSE:PD) (NYSE:PDS) is scheduled to be releasing its earnings data 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 earnings results on Tuesday, February 6th. The company reported C$4.70 EPS for the quarter, beating analysts’ consensus estimates of C$2.82 by C$1.88. Precision Drilling had a net margin of 14.93% and a return on equity of 20.61%. The company had revenue of C$506.87 million during the quarter, compared to analysts’ expectations of C$476.00 million.

Precision Drilling Trading Down 0.3 %

TSE:PD opened at C$94.03 on Thursday. Precision Drilling has a 52 week low of C$56.42 and a 52 week high of C$104.90. The firm has a 50 day moving average of C$88.78 and a 200 day moving average of C$81.72. 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 stock has a market capitalization of C$1.36 billion, a price-to-earnings ratio of 4.81, a PEG ratio of -3.24 and a beta of 2.92.

Insider Buying and Selling at Precision Drilling

In other Precision Drilling news, Senior Officer Veronica H. Foley sold 7,878 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of C$62.16, for a total transaction of C$489,696.48. In other news, Senior Officer Veronica H. Foley sold 7,878 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of C$62.16, for a total value of C$489,696.48. Also, Director Carey Thomas Ford sold 3,756 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of C$62.16, for a total transaction of C$233,472.96. Insiders have sold a total of 21,373 shares of company stock valued at $1,329,227 over the last ninety days. Corporate insiders own 1.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on PD shares. Evercore cut their price target on shares of Precision Drilling from C$142.00 to C$139.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. CIBC upped their price target on shares of Precision Drilling from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Royal Bank of Canada cut their price target on shares of Precision Drilling from C$125.00 to C$122.00 in a research note on Friday, January 12th. TD Securities cut their price objective on shares of Precision Drilling from C$125.00 to C$115.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Finally, Piper Sandler Companies cut their price objective on shares of Precision Drilling from C$107.00 to C$100.00 and set an “overweight” rating on the stock in a research note on Monday, January 8th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Precision Drilling currently has a consensus rating of “Buy” and a consensus price target of C$124.00.

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.