Precision Drilling (NYSE:PDS) Announces Earnings Results

Precision Drilling (NYSE:PDS) (TSE:PD) announced its quarterly earnings results on Wednesday. The oil and gas company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.64), Zacks reports. Precision Drilling had a return on equity of 10.06% and a net margin of 12.52%.

Precision Drilling Stock Up 1.1 %

Precision Drilling stock traded up $0.60 during mid-day trading on Thursday, hitting $56.83. The company had a trading volume of 69,407 shares, compared to its average volume of 79,777. The company has a current ratio of 1.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average price is $60.75 and its two-hundred day moving average price is $63.57. Precision Drilling has a 12 month low of $53.31 and a 12 month high of $79.07. The company has a market capitalization of $783.12 million, a PE ratio of 4.80 and a beta of 1.91.

Analysts Set New Price Targets

Separately, TD Securities lowered Precision Drilling from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd.

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.