Precision Drilling (PDS) Set to Announce Earnings on Tuesday

Precision Drilling (NYSE:PDS) (TSE:PD) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Precision Drilling to post earnings of $1.55 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Precision Drilling (NYSE:PDS) (TSE:PD) last announced its earnings results on Tuesday, July 30th. The oil and gas company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.62) by $2.06. The business had revenue of $429.20 million for the quarter, compared to analyst estimates of $310.13 million. Precision Drilling had a return on equity of 9.26% and a net margin of 11.68%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.21 earnings per share. On average, analysts expect Precision Drilling to post $7 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Precision Drilling Trading Down 0.9 %

Shares of PDS opened at $59.93 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.39 and a current ratio of 1.51. Precision Drilling has a one year low of $49.67 and a one year high of $79.07. The stock has a 50-day moving average price of $66.11 and a 200 day moving average price of $68.99. The company has a market capitalization of $857.12 million, a P/E ratio of 5.27 and a beta of 1.96.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PDS. StockNews.com raised shares of Precision Drilling from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Piper Sandler raised their price objective on shares of Precision Drilling from $95.00 to $112.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd.

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.