Precision Drilling (NYSE:PDS) Issues Earnings Results, Misses Estimates By $0.64 EPS

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

Precision Drilling Stock Up 1.7 %

Precision Drilling stock traded up $0.94 during mid-day trading on Thursday, reaching $57.17. The company’s stock had a trading volume of 76,473 shares, compared to its average volume of 79,984. The business’s 50 day simple moving average is $60.75 and its 200 day simple moving average is $63.57. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.41 and a current ratio of 1.54. 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 $787.80 million, a price-to-earnings ratio of 4.83 and a beta of 1.91.

Wall Street Analysts Forecast Growth

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

Precision Drilling Company Profile

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.