Precision Drilling (PDS) Set to Announce Earnings on Thursday

Precision Drilling (NYSE:PDS) (TSE:PD) is scheduled to be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect Precision Drilling to post earnings of $2.11 per share for the quarter. Persons 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, February 6th. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $1.36. The business had revenue of $372.34 million for the quarter, compared to analyst estimates of $355.78 million. Precision Drilling had a net margin of 14.87% and a return on equity of 14.81%. On average, analysts expect Precision Drilling to post $6 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Precision Drilling Stock Down 1.5 %

PDS stock opened at $65.81 on Tuesday. The firm’s fifty day simple moving average is $65.63 and its 200-day simple moving average is $60.40. The company has a market capitalization of $952.93 million, a P/E ratio of 4.83 and a beta of 2.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.30. Precision Drilling has a 12 month low of $41.56 and a 12 month high of $77.21.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler dropped their price objective on shares of Precision Drilling from $100.00 to $81.00 and set an “overweight” rating on the stock in a report on Tuesday, February 20th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Precision Drilling presently has a consensus rating of “Buy” and a consensus price target of $115.17.

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.