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

Precision Drilling (NYSE:PDS) (TSE:PD) issued its quarterly earnings data on Wednesday. The oil and gas company reported $0.76 earnings per share for the quarter, missing the consensus estimate 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 Price Performance

Shares of PDS traded up $0.94 during trading hours on Thursday, hitting $57.17. 76,473 shares of the company were exchanged, compared to its average volume of 79,984. The company has a quick ratio of 1.41, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. Precision Drilling has a fifty-two week low of $53.31 and a fifty-two week high of $79.07. The company has a market cap of $787.80 million, a price-to-earnings ratio of 4.83 and a beta of 1.91. The firm’s fifty day moving average is $60.75 and its 200 day moving average is $63.57.

Analyst Upgrades and Downgrades

Separately, TD Securities cut shares of Precision Drilling from a “strong-buy” rating to a “hold” rating in a 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.