Precision Drilling Co. (PD) Expected to Earn FY2019 Earnings of $0.00 Per Share

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Equities research analysts at Piper Jaffray issued their FY2019 earnings per share (EPS) estimates for Precision Drilling in a research report issued to clients and investors on Thursday, April 5th. Piper Jaffray analyst J. Daniel forecasts that the company will earn $0.00 per share for the year.

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A number of other brokerages have also recently weighed in on PD. Raymond James Financial raised their price objective on shares of Precision Drilling from C$5.50 to C$5.75 and gave the stock a “strong-buy” rating in a research note on Tuesday, February 13th. TD Securities raised their price objective on shares of Precision Drilling from C$6.00 to C$7.00 in a research note on Tuesday, January 30th. Scotiabank raised their price objective on shares of Precision Drilling from C$4.50 to C$4.75 and gave the stock an “underperform” rating in a research note on Friday, February 16th. GMP Securities raised their price objective on shares of Precision Drilling from C$5.75 to C$6.50 in a research note on Thursday, January 18th. Finally, Canaccord Genuity raised their price objective on shares of Precision Drilling from C$4.50 to C$4.75 in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$5.58.

Shares of PD opened at C$3.55 on Friday. Precision Drilling has a 1-year low of C$2.89 and a 1-year high of C$6.76.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its quarterly earnings data on Thursday, February 15th. The company reported C($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of C($0.10) by C$0.02. Precision Drilling had a negative net margin of 13.54% and a negative return on equity of 10.28%. The business had revenue of C$347.19 million during the quarter, compared to analysts’ expectations of C$340.06 million.

In other news, Director Carey Thomas Ford bought 10,000 shares of the stock in a transaction on Wednesday, March 7th. The stock was purchased at an average cost of C$3.02 per share, with a total value of C$30,200.00. Also, Director Kevin A. Neveu bought 50,000 shares of the stock in a transaction on Tuesday, March 20th. The stock was purchased at an average cost of C$3.55 per share, with a total value of C$177,500.00.

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About Precision Drilling

Precision Drilling Corporation (Precision) is an oilfield services company. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services.

Earnings History and Estimates for Precision Drilling (TSE:PD)

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