Precision Drilling (NYSE:PDS) Posts Quarterly Earnings Results, Misses Expectations By $0.64 EPS

Precision Drilling (NYSE:PDS) (TSE:PD) released its earnings results on Wednesday. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.64), Zacks reports. Precision Drilling had a net margin of 12.52% and a return on equity of 10.06%.

Precision Drilling Trading Up 0.2 %

NYSE:PDS traded up $0.12 on Thursday, reaching $56.35. The stock had a trading volume of 93,303 shares, compared to its average volume of 80,261. The company has a market cap of $776.53 million, a price-to-earnings ratio of 4.76 and a beta of 1.91. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 1.41. The firm’s fifty day moving average is $60.75 and its two-hundred day moving average is $63.57. Precision Drilling has a 12-month low of $53.31 and a 12-month high of $79.07.

Analyst Upgrades and Downgrades

Separately, TD Securities lowered shares of Precision Drilling from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd.

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.