Precision Drilling (PDS) Projected to Post Earnings on Wednesday

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

Precision Drilling (NYSE:PDS) (TSE:PD) last issued its earnings results on Wednesday, February 12th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate 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 Performance

Shares of NYSE PDS opened at $42.02 on Wednesday. Precision Drilling has a 12 month low of $36.20 and a 12 month high of $79.07. The stock has a 50 day moving average of $47.42 and a 200-day moving average of $56.70. The company has a current ratio of 1.48, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $569.27 million, a P/E ratio of 7.81 and a beta of 1.53.

Wall Street Analysts Forecast Growth

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

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.