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.
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.
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