Precision Drilling (PD) Scheduled to Post Quarterly Earnings on Tuesday

Precision Drilling (TSE:PD) (NYSE:PDS) will post its quarterly earnings results after the market closes on Tuesday, July 30th. Analysts expect Precision Drilling to post earnings of C$9.43 per share for the quarter.

Precision Drilling (TSE:PD) (NYSE:PDS) last announced its quarterly earnings data on Thursday, April 25th. The company reported C$2.53 EPS for the quarter, missing analysts’ consensus estimates of C$2.73 by C($0.20). Precision Drilling had a net margin of 12.06% and a return on equity of 15.46%. The company had revenue of C$527.79 million for the quarter, compared to analyst estimates of C$539.50 million.

Precision Drilling Stock Performance

TSE:PD opened at C$101.18 on Monday. Precision Drilling has a 12-month low of C$67.46 and a 12-month high of C$107.00. The company has a quick ratio of 1.36, a current ratio of 1.71 and a debt-to-equity ratio of 62.02. The firm has a market capitalization of C$1.47 billion, a PE ratio of 6.14, a price-to-earnings-growth ratio of -3.24 and a beta of 2.90. The firm has a 50-day moving average price of C$96.16 and a 200 day moving average price of C$91.02.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PD shares. Stifel Nicolaus increased their price target on shares of Precision Drilling from C$115.00 to C$125.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. BMO Capital Markets upped their price objective on shares of Precision Drilling from C$130.00 to C$135.00 in a research note on Wednesday, July 3rd. ATB Capital decreased their price objective on shares of Precision Drilling from C$126.00 to C$120.00 and set an “outperform” rating on the stock in a research note on Friday, June 28th. CIBC upped their price objective on shares of Precision Drilling from C$110.00 to C$130.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Finally, Raymond James increased their price target on shares of Precision Drilling from C$132.00 to C$136.00 and gave the company a “strong-buy” rating in a research note on Friday, April 26th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$125.70.

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.