Precision Drilling (PDS) Projected to Post Earnings on Wednesday

Precision Drilling (NYSE:PDS) (TSE:PD) is expected to issue its quarterly earnings data after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $1.54 per share and revenue of $508.06 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Precision Drilling (NYSE:PDS) (TSE:PD) last released its quarterly earnings data on Wednesday, February 12th. 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). Precision Drilling had a net margin of 5.87% and a return on equity of 6.72%. On average, analysts expect Precision Drilling to post $7 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Precision Drilling Stock Up 0.4 %

Shares of Precision Drilling stock opened at $42.02 on Wednesday. The stock has a 50-day simple moving average of $47.42 and a 200-day simple moving average of $56.70. Precision Drilling has a 52-week low of $36.20 and a 52-week high of $79.07. The firm has a market cap of $569.27 million, a price-to-earnings ratio of 7.81 and a beta of 1.53. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.48 and a quick ratio of 1.35.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PDS shares. Raymond James cut shares of Precision Drilling from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, April 9th. TD Securities cut shares of Precision Drilling from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, StockNews.com cut Precision Drilling from a “buy” rating to a “hold” rating in a report on Monday, March 24th.

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.