Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) announced its quarterly earnings results on Thursday. The company reported C$2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.73 by C($0.20), reports. The business had revenue of C$527.79 million during the quarter, compared to analyst estimates of C$539.50 million. Precision Drilling had a net margin of 14.93% and a return on equity of 20.61%.
Precision Drilling Trading Up 5.1 %
Shares of PD stock opened at C$98.91 on Friday. The business has a fifty day simple moving average of C$90.01 and a 200-day simple moving average of C$82.27. The company has a quick ratio of 1.36, a current ratio of 1.40 and a debt-to-equity ratio of 62.97. Precision Drilling has a fifty-two week low of C$56.42 and a fifty-two week high of C$104.90. The stock has a market cap of C$1.43 billion, a P/E ratio of 5.06, a P/E/G ratio of -3.24 and a beta of 2.92.
Insiders Place Their Bets
In other news, Director Carey Thomas Ford sold 3,756 shares of Precision Drilling stock in a transaction dated Monday, February 12th. The stock was sold at an average price of C$62.16, for a total value of C$233,472.96. In other news, Director Carey Thomas Ford sold 3,756 shares of Precision Drilling stock in a transaction dated Monday, February 12th. The stock was sold at an average price of C$62.16, for a total value of C$233,472.96. Also, Senior Officer Veronica H. Foley sold 1,763 shares of Precision Drilling stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total value of C$109,711.49. In the last ninety days, insiders have sold 21,373 shares of company stock valued at $1,329,227. Insiders own 1.32% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on PD
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.
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