Precision Drilling (PD) to Release Quarterly Earnings on Thursday

Precision Drilling (TSE:PD) (NYSE:PDS) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, April 26th. Analysts expect the company to announce earnings of C($0.05) per share for the quarter.

Precision Drilling (TSE:PD) (NYSE:PDS) last released its quarterly earnings results on Thursday, February 15th. The company reported C($0.08) earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of C$340.06 million.

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PD stock opened at C$4.15 on Thursday. Precision Drilling has a twelve month low of C$2.89 and a twelve month high of C$6.20.

In other news, Director Carey Thomas Ford acquired 10,000 shares of Precision Drilling stock in a transaction that occurred on Wednesday, March 7th. The shares were purchased at an average cost of C$3.02 per share, for a total transaction of C$30,200.00. Also, Director Kevin A. Neveu acquired 50,000 shares of Precision Drilling stock in a transaction that occurred on Tuesday, March 20th. The shares were purchased at an average price of C$3.55 per share, for a total transaction of C$177,500.00.

A number of analysts have recently weighed in on PD shares. GMP Securities raised their price target on shares of Precision Drilling from C$5.75 to C$6.50 in a research report on Thursday, January 18th. TD Securities raised their price target on shares of Precision Drilling from C$6.00 to C$7.00 in a research report on Tuesday, January 30th. Canaccord Genuity raised their price target on shares of Precision Drilling from C$4.50 to C$4.75 in a research report on Tuesday, February 6th. Raymond James raised their price target on shares of Precision Drilling from C$5.50 to C$5.75 and gave the stock a “strong-buy” rating in a research report on Tuesday, February 13th. Finally, Scotiabank raised their price target on shares of Precision Drilling from C$4.50 to C$4.75 and gave the stock an “underperform” rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Precision Drilling currently has an average rating of “Buy” and an average price target of C$5.53.

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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.

Earnings History for Precision Drilling (TSE:PD)

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