Precision Drilling (NYSE:PDS) Releases Quarterly Earnings Results, Misses Estimates By $0.64 EPS

Precision Drilling (NYSE:PDS) (TSE:PD) announced its quarterly earnings data on Wednesday. The oil and gas company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.64), Zacks reports. Precision Drilling had a return on equity of 10.06% and a net margin of 12.52%.

Precision Drilling Trading Up 0.2 %

PDS traded up $0.12 on Thursday, reaching $56.35. 93,303 shares of the company’s stock were exchanged, compared to its average volume of 80,261. The company’s 50 day moving average is $60.75 and its 200-day moving average is $63.57. The company has a market cap of $776.53 million, a price-to-earnings ratio of 4.76 and a beta of 1.91. Precision Drilling has a twelve month low of $53.31 and a twelve month high of $79.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.41 and a current ratio of 1.54.

Wall Street Analysts Forecast Growth

Separately, TD Securities lowered shares of Precision Drilling from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd.

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.