Precision Drilling (PDS) Set to Announce Earnings on Thursday
Precision Drilling (NYSE:PDS) (TSE:PD) is scheduled to be releasing its earnings data before the market opens on Thursday, February 15th. Analysts expect Precision Drilling to post earnings of ($0.08) per share for the quarter.
Shares of Precision Drilling (NYSE:PDS) opened at $3.30 on Tuesday. The company has a market capitalization of $966.53, a price-to-earnings ratio of -10.65 and a beta of 1.86. Precision Drilling has a 52 week low of $2.26 and a 52 week high of $5.71. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.22 and a quick ratio of 2.10.
Several research firms have recently commented on PDS. ValuEngine cut Precision Drilling from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Zacks Investment Research cut Precision Drilling from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Scotiabank cut Precision Drilling from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, November 7th. Piper Jaffray Companies set a $4.00 target price on Precision Drilling and gave the company a “buy” rating in a research note on Sunday, October 29th. Finally, Cowen set a $5.00 target price on Precision Drilling and gave the company a “buy” rating in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Precision Drilling has an average rating of “Hold” and a consensus price target of $4.50.
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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.
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