Precision Drilling (PDS) Set to Announce Earnings on Thursday

Precision Drilling (NYSE:PDS) (TSE:PD) is scheduled to release 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 that are interested in registering for the company’s earnings conference call can do so using this link.

Precision Drilling (NYSE:PDS) (TSE:PD) last issued its quarterly earnings data on Tuesday, February 6th. The oil and gas company reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $1.36. The firm had revenue of $372.34 million for the quarter, compared to analysts’ expectations 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 Price Performance

Shares of NYSE PDS opened at $65.81 on Tuesday. The stock has a market cap of $952.93 million, a price-to-earnings ratio of 4.83 and a beta of 2.11. Precision Drilling has a 52 week low of $41.56 and a 52 week high of $77.21. The company’s 50-day moving average price is $65.63 and its 200 day moving average price is $60.40. The company has a current ratio of 1.40, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lowered their price objective on shares of Precision Drilling from $100.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average 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.