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

Precision Drilling (TSE:PD) (NYSE:PDS) will be announcing its earnings results before the market opens on Thursday, April 26th. Analysts expect the company to announce earnings of C($0.05) per share for the quarter.

Precision Drilling (TSE:PD) (NYSE:PDS) last announced its quarterly earnings results on Thursday, February 15th. The company reported C($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.10) by C$0.02. Precision Drilling had a negative return on equity of 10.28% and a negative net margin of 13.54%. The firm had revenue of C$347.19 million during the quarter, compared to analyst estimates of C$340.06 million.

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Shares of Precision Drilling stock opened at C$4.14 on Tuesday. Precision Drilling has a twelve month low of C$2.89 and a twelve month high of C$5.92.



Several equities research analysts have commented on PD shares. TD Securities boosted their price objective on Precision Drilling from C$6.00 to C$7.00 in a research note on Tuesday, January 30th. GMP Securities boosted their price objective on Precision Drilling from C$5.75 to C$6.50 in a research note on Thursday, January 18th. Canaccord Genuity cut their price objective on Precision Drilling from C$4.75 to C$4.25 in a research note on Wednesday, April 11th. Scotiabank boosted their price objective on Precision Drilling from C$4.50 to C$4.75 and gave the stock an “underperform” rating in a research note on Friday, February 16th. Finally, Raymond James boosted their price objective on Precision Drilling from C$5.50 to C$5.75 and gave the stock a “strong-buy” rating in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Precision Drilling has a consensus rating of “Buy” and an average price target of C$5.53.

In other news, Director Kevin A. Neveu acquired 50,000 shares of the business’s stock in a transaction on Tuesday, March 20th. The stock was bought at an average cost of C$3.55 per share, for a total transaction of C$177,500.00. Also, Director Carey Thomas Ford acquired 10,000 shares of the business’s stock in a transaction on Wednesday, March 7th. The shares were purchased at an average price of C$3.02 per share, with a total value of C$30,200.00.

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About Precision Drilling

Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.

Earnings History for Precision Drilling (TSE:PD)

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