Analysts expect Precision Drilling Corp (NYSE:PDS) (TSE:PD) to report ($0.03) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Precision Drilling’s earnings, with estimates ranging from ($0.05) to ($0.02). Precision Drilling reported earnings per share of ($0.05) during the same quarter last year, which suggests a positive year over year growth rate of 40%. The firm is expected to issue its next quarterly earnings report on Thursday, April 25th.
According to Zacks, analysts expect that Precision Drilling will report full-year earnings of ($0.17) per share for the current financial year, with EPS estimates ranging from ($0.23) to ($0.13). For the next fiscal year, analysts expect that the business will report earnings of $0.00 per share, with EPS estimates ranging from ($0.12) to $0.14. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Precision Drilling.
A number of research firms recently weighed in on PDS. Raymond James reiterated a “buy” rating on shares of Precision Drilling in a research note on Tuesday, March 19th. CIBC reiterated a “buy” rating on shares of Precision Drilling in a research note on Tuesday, March 19th. Scotiabank reiterated a “sell” rating on shares of Precision Drilling in a research note on Tuesday, March 19th. Zacks Investment Research upgraded shares of Precision Drilling from a “sell” rating to a “hold” rating in a research note on Saturday, February 16th. Finally, National Bank Financial reissued a “buy” rating on shares of Precision Drilling in a report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $3.92.
Precision Drilling stock traded up $0.01 during mid-day trading on Monday, reaching $2.43. The company’s stock had a trading volume of 23,622 shares, compared to its average volume of 947,667. Precision Drilling has a 12-month low of $1.62 and a 12-month high of $4.14. The firm has a market capitalization of $710.95 million, a price-to-earnings ratio of -9.35 and a beta of 2.29. The company has a current ratio of 1.85, a quick ratio of 1.73 and a debt-to-equity ratio of 1.10.
Precision Drilling Company Profile
Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.
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