Precision Drilling (PDS) to Release Quarterly Earnings on Tuesday

Precision Drilling (NYSE:PDS) (TSE:PD) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.55 per share 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 posted its quarterly earnings data on Tuesday, July 30th. The oil and gas company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of ($0.62) by $2.06. The firm had revenue of $429.20 million during the quarter, compared to analysts’ expectations of $310.13 million. Precision Drilling had a return on equity of 9.26% and a net margin of 11.68%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 EPS. 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 Price Performance

NYSE:PDS opened at $59.93 on Tuesday. The firm has a market cap of $857.12 million, a price-to-earnings ratio of 5.27 and a beta of 1.96. Precision Drilling has a 12-month low of $49.67 and a 12-month high of $79.07. The company has a current ratio of 1.51, a quick ratio of 1.39 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average is $66.11 and its two-hundred day moving average is $68.99.

Analysts Set New Price Targets

PDS has been the topic of a number of analyst reports. StockNews.com upgraded shares of Precision Drilling from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Piper Sandler upped their target price on Precision Drilling from $95.00 to $112.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd.

Precision Drilling Company Profile

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.