Precision Drilling (PD) to Release Earnings on Thursday

Precision Drilling (TSE:PD) (NYSE:PDS) is scheduled to be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect Precision Drilling to post earnings of C$2.84 per share for the quarter.

Precision Drilling (TSE:PD) (NYSE:PDS) last released its earnings results on Tuesday, February 6th. The company reported C$4.70 EPS for the quarter, topping the consensus estimate of C$2.82 by C$1.88. Precision Drilling had a net margin of 14.93% and a return on equity of 20.61%. The company had revenue of C$506.87 million during the quarter, compared to analysts’ expectations of C$476.00 million.

Precision Drilling Stock Up 3.6 %

PD stock opened at C$93.51 on Wednesday. Precision Drilling has a one year low of C$56.42 and a one year high of C$104.90. The stock has a market capitalization of C$1.35 billion, a PE ratio of 4.76, a price-to-earnings-growth ratio of -3.24 and a beta of 2.92. The company has a debt-to-equity ratio of 62.97, a quick ratio of 1.36 and a current ratio of 1.40. The company has a fifty day moving average of C$89.10 and a 200-day moving average of C$81.90.

Wall Street Analysts Forecast Growth

PD has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price target on shares of Precision Drilling from C$115.00 to C$125.00 and gave the company a “buy” rating in a report on Thursday, April 18th. ATB Capital increased their price target on shares of Precision Drilling from C$125.00 to C$126.00 in a report on Monday, April 8th. BMO Capital Markets increased their price target on shares of Precision Drilling from C$125.00 to C$130.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. TD Securities dropped their target price on shares of Precision Drilling from C$125.00 to C$115.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Finally, Raymond James dropped their target price on shares of Precision Drilling from C$137.00 to C$132.00 and set a “strong-buy” rating for the company in a report on Wednesday, February 7th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Precision Drilling presently has an average rating of “Buy” and a consensus price target of C$126.73.

Insider Buying and Selling

In related news, Director Carey Thomas Ford sold 7,976 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total value of C$496,346.48. In other Precision Drilling news, Senior Officer Veronica H. Foley sold 1,763 shares of Precision Drilling stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total transaction of C$109,711.49. Also, Director Carey Thomas Ford sold 7,976 shares of Precision Drilling stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total transaction of C$496,346.48. Over the last three months, insiders have sold 21,373 shares of company stock valued at $1,329,227. Insiders own 1.32% of the company’s stock.

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.