Precision Drilling to Post FY2019 Earnings of $0.00 Per Share, Piper Jaffray Forecasts (PDS)

Precision Drilling (NYSE:PDS) (TSE:PD) – Stock analysts at Piper Jaffray issued their FY2019 earnings per share estimates for Precision Drilling in a report issued on Thursday, April 5th. Piper Jaffray analyst J. Daniel expects that the oil and gas company will earn $0.00 per share for the year. Piper Jaffray has a “Buy” rating and a $4.00 price objective on the stock.

How to Become a New Pot Stock Millionaire

Precision Drilling (NYSE:PDS) (TSE:PD) last issued its quarterly earnings results on Thursday, February 15th. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. Precision Drilling had a negative return on equity of 5.66% and a negative net margin of 10.29%. The company had revenue of $347.19 million for the quarter, compared to analyst estimates of $333.97 million. During the same quarter last year, the company posted ($0.10) EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year.

PDS has been the topic of several other research reports. Zacks Investment Research upgraded Precision Drilling from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research note on Thursday, January 4th. Credit Suisse Group restated a “neutral” rating and set a $3.40 price objective (up previously from $3.00) on shares of Precision Drilling in a research report on Tuesday, February 27th. Finally, ValuEngine lowered Precision Drilling from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Three analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $4.36.

Shares of PDS opened at $2.79 on Friday. Precision Drilling has a 52-week low of $2.26 and a 52-week high of $5.09. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.99 and a current ratio of 2.11. The firm has a market capitalization of $788.81, a PE ratio of -9.96 and a beta of 1.89.

A number of hedge funds have recently modified their holdings of the stock. Letko Brosseau & Associates Inc. grew its position in Precision Drilling by 5.1% during the 4th quarter. Letko Brosseau & Associates Inc. now owns 14,120,425 shares of the oil and gas company’s stock worth $42,938,000 after acquiring an additional 680,600 shares during the last quarter. Mackenzie Financial Corp grew its position in Precision Drilling by 12.6% during the 4th quarter. Mackenzie Financial Corp now owns 9,939,377 shares of the oil and gas company’s stock worth $30,017,000 after acquiring an additional 1,113,700 shares during the last quarter. Mountain Lake Investment Management LLC grew its position in shares of Precision Drilling by 747.5% in the 4th quarter. Mountain Lake Investment Management LLC now owns 2,500,000 shares of the oil and gas company’s stock valued at $7,550,000 after buying an additional 2,205,000 shares during the last quarter. AGF Investments Inc. grew its position in shares of Precision Drilling by 17.2% in the 4th quarter. AGF Investments Inc. now owns 2,193,691 shares of the oil and gas company’s stock valued at $6,649,000 after buying an additional 322,400 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in shares of Precision Drilling by 192.1% in the 4th quarter. Schroder Investment Management Group now owns 1,990,500 shares of the oil and gas company’s stock valued at $7,584,000 after buying an additional 1,309,100 shares during the last quarter. Institutional investors and hedge funds own 45.77% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Precision Drilling to Post FY2019 Earnings of $0.00 Per Share, Piper Jaffray Forecasts (PDS)” was published by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://www.tickerreport.com/banking-finance/3336978/precision-drilling-to-post-fy2019-earnings-of-0-00-per-share-piper-jaffray-forecasts-pds.html.

About Precision Drilling

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 and Estimates for Precision Drilling (NYSE:PDS)

Receive News & Ratings for Precision Drilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Precision Drilling and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Analysts Anticipate Proofpoint, Inc.  Will Announce Earnings of $0.16 Per Share
Analysts Anticipate Proofpoint, Inc. Will Announce Earnings of $0.16 Per Share
Vocera Communications  Expected to Announce Earnings of -$0.05 Per Share
Vocera Communications Expected to Announce Earnings of -$0.05 Per Share
$0.19 Earnings Per Share Expected for Caesarstone  This Quarter
$0.19 Earnings Per Share Expected for Caesarstone This Quarter
Telcoin One Day Volume Tops $625,511.00
Telcoin One Day Volume Tops $625,511.00
Mavro  Reaches 1-Day Volume of $49.00
Mavro Reaches 1-Day Volume of $49.00
Weekly Research Analysts’ Ratings Changes for Motorcar Parts of America
Weekly Research Analysts’ Ratings Changes for Motorcar Parts of America


Leave a Reply

© 2006-2018 Ticker Report. Google+.