Research Analysts Issue Forecasts for Precision Drilling Corp’s FY2021 Earnings (NYSE:PDS)

Share on StockTwits

Precision Drilling Corp (NYSE:PDS) (TSE:PD) – Stock analysts at Jefferies Financial Group dropped their FY2021 earnings per share estimates for shares of Precision Drilling in a research report issued to clients and investors on Friday, August 2nd. Jefferies Financial Group analyst B. Handler now anticipates that the oil and gas company will earn $0.23 per share for the year, down from their prior estimate of $0.27.

Precision Drilling (NYSE:PDS) (TSE:PD) last released its earnings results on Thursday, July 25th. The oil and gas company reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.04. Precision Drilling had a negative return on equity of 2.67% and a negative net margin of 13.63%. The firm had revenue of $359.00 million during the quarter, compared to the consensus estimate of $346.66 million. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year.

PDS has been the subject of a number of other research reports. Morgan Stanley decreased their target price on Precision Drilling from $3.50 to $3.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Raymond James reissued a “buy” rating on shares of Precision Drilling in a report on Wednesday, June 5th. AltaCorp Capital reissued an “outperform” rating on shares of Precision Drilling in a report on Thursday, June 20th. BMO Capital Markets reissued a “buy” rating on shares of Precision Drilling in a report on Friday, April 26th. Finally, Zacks Investment Research downgraded Precision Drilling from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $2.47.

Precision Drilling stock opened at $1.45 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.83 and a quick ratio of 1.70. Precision Drilling has a 52 week low of $1.44 and a 52 week high of $4.12. The firm has a market capitalization of $458.30 million, a P/E ratio of -5.58 and a beta of 2.25. The business’s 50-day moving average price is $1.75.

A number of large investors have recently made changes to their positions in the business. Marshall Wace LLP purchased a new stake in shares of Precision Drilling in the first quarter valued at approximately $36,000. Investment House LLC purchased a new stake in shares of Precision Drilling in the second quarter valued at approximately $39,000. Millennium Management LLC purchased a new stake in shares of Precision Drilling in the fourth quarter valued at approximately $40,000. Evergreen Capital Management LLC purchased a new stake in shares of Precision Drilling in the first quarter valued at approximately $54,000. Finally, Creative Planning purchased a new stake in shares of Precision Drilling in the first quarter valued at approximately $65,000. 43.30% of the stock is owned by institutional investors.

About Precision Drilling

Precision Drilling Corporation, an oilfield services company, 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.

Featured Article: Coverage Ratio

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

InspireMD  Trading Down 29.7%
InspireMD Trading Down 29.7%
Chesapeake Energy  Shares Gap Up to $1.59
Chesapeake Energy Shares Gap Up to $1.59
AstraZeneca  Shares Gap Up to $43.57
AstraZeneca Shares Gap Up to $43.57
Direxion Daily 20 Year Plus Treasury Bull 3x Shares  Shares Gap Up to $28.67
Direxion Daily 20 Year Plus Treasury Bull 3x Shares Shares Gap Up to $28.67
ICICI Bank  Shares Gap Down to $10.97
ICICI Bank Shares Gap Down to $10.97
Cleveland-Cliffs  Shares Gap Down to $8.18
Cleveland-Cliffs Shares Gap Down to $8.18


© 2006-2019 Ticker Report