Precision Drilling Corp (TSE:PD) (NYSE:PDS) – Investment analysts at National Bank Financial raised their FY2019 earnings estimates for shares of Precision Drilling in a report released on Tuesday, January 7th. National Bank Financial analyst G. Colman now anticipates that the company will earn ($0.10) per share for the year, up from their prior forecast of ($0.11). National Bank Financial has a “Outperform” rating and a $2.75 price target on the stock. National Bank Financial also issued estimates for Precision Drilling’s Q4 2019 earnings at ($0.05) EPS and FY2020 earnings at ($0.15) EPS.
A number of other brokerages have also issued reports on PD. Raymond James restated a “strong-buy” rating and set a C$3.00 target price on shares of Precision Drilling in a research report on Thursday, November 14th. Tudor Pickering & Holt restated a “buy” rating on shares of Precision Drilling in a research report on Tuesday. Citigroup increased their target price on shares of Precision Drilling from C$1.80 to C$2.20 in a research report on Tuesday. Tudor Pickering restated a “buy” rating on shares of Precision Drilling in a research report on Tuesday. Finally, CIBC decreased their target price on shares of Precision Drilling from C$4.50 to C$3.75 in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Precision Drilling has an average rating of “Buy” and an average target price of C$3.65.
Shares of TSE:PD opened at C$2.15 on Friday. The company’s 50 day moving average price is C$1.70 and its two-hundred day moving average price is C$1.76. Precision Drilling has a 12-month low of C$1.32 and a 12-month high of C$4.05. The firm has a market cap of $552.06 million and a PE ratio of -3.31. The company has a quick ratio of 1.66, a current ratio of 1.85 and a debt-to-equity ratio of 101.91.
Precision Drilling (TSE:PD) (NYSE:PDS) last announced its earnings results on Thursday, October 24th. The company reported C($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C($0.05) by C$0.04. The business had revenue of C$375.55 million for the quarter, compared to analyst estimates of C$381.29 million.
Precision Drilling Company Profile
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.
