Precision Drilling (PD) Scheduled to Post Earnings on Thursday

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

Precision Drilling (TSE:PD) (NYSE:PDS) last released its quarterly earnings data on Tuesday, February 6th. The company reported C$4.70 earnings per share (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 firm had revenue of C$506.87 million for the quarter, compared to analysts’ expectations of C$476.00 million.

Precision Drilling Price Performance

PD stock opened at C$90.24 on Tuesday. The firm’s 50-day moving average price is C$89.02 and its two-hundred day moving average price is C$81.83. Precision Drilling has a 12-month low of C$56.42 and a 12-month high of C$104.90. The stock has a market capitalization of C$1.31 billion, a price-to-earnings ratio of 4.62, a PEG ratio of -3.24 and a beta of 2.92. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 62.97.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PD shares. TD Securities decreased 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 report on Wednesday, February 7th. CIBC boosted their price objective on shares of Precision Drilling from C$110.00 to C$130.00 and gave the company an “outperform” rating in a research report on Monday. Royal Bank of Canada decreased their price objective on shares of Precision Drilling from C$125.00 to C$122.00 in a research report on Friday, January 12th. Stifel Nicolaus lifted their target price on shares of Precision Drilling from C$115.00 to C$125.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Finally, Raymond James cut their target price on shares of Precision Drilling from C$137.00 to C$132.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, February 7th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$126.73.

Insider Buying and Selling

In related news, Director Carey Thomas Ford sold 7,976 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total transaction of C$496,346.48. In related news, Director Carey Thomas Ford sold 7,976 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total transaction of C$496,346.48. Also, Senior Officer Veronica H. Foley sold 7,878 shares of the business’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$489,696.48. Insiders have sold 21,373 shares of company stock valued at $1,329,227 over the last quarter. Corporate insiders own 1.32% of the company’s stock.

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.