Precision Drilling (PDS) Set to Announce Quarterly Earnings on Thursday

Precision Drilling (NYSE:PDS) (TSE:PD) will post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Precision Drilling to post earnings of $2.11 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Precision Drilling (NYSE:PDS) (TSE:PD) last posted its earnings results on Tuesday, February 6th. The oil and gas company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $2.09 by $1.36. The firm had revenue of $372.34 million during the quarter, compared to analysts’ expectations of $355.78 million. Precision Drilling had a return on equity of 14.81% and a net margin of 14.87%. 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

PDS stock opened at $68.46 on Wednesday. The business has a 50 day moving average price of $65.77 and a 200 day moving average price of $60.46. The stock has a market cap of $991.30 million, a price-to-earnings ratio of 5.03 and a beta of 2.11. Precision Drilling has a fifty-two week low of $41.56 and a fifty-two week high of $77.21. The company has a quick ratio of 1.30, a current ratio of 1.40 and a debt-to-equity ratio of 0.58.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reduced their price objective on Precision Drilling from $100.00 to $81.00 and set an “overweight” rating for the company in a research note on Tuesday, February 20th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $115.17.

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.