Precision Drilling (NYSE:PDS – Get Free Report) (TSE:PD) released its earnings results on Wednesday. The oil and gas company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates 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 Performance
NYSE PDS opened at $55.72 on Friday. The company’s 50 day moving average is $60.64 and its 200-day moving average is $63.52. Precision Drilling has a 12-month low of $53.31 and a 12-month high of $79.07. The company has a quick ratio of 1.41, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. The firm has a market cap of $767.81 million, a P/E ratio of 4.73 and a beta of 1.91.
Analyst Ratings Changes
Separately, TD Securities cut shares of Precision Drilling from a “strong-buy” rating to a “hold” rating in a research note 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.
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