Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) posted its earnings results on Wednesday. The company reported C($0.52) earnings per share for the quarter, FiscalAI reports. Precision Drilling had a negative net margin of 1.71% and a negative return on equity of 2.03%. The company had revenue of C$452.80 million during the quarter.
Precision Drilling Trading Up 3.7%
TSE PD opened at C$106.70 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.46 and a debt-to-equity ratio of 43.54. Precision Drilling has a 52 week low of C$72.87 and a 52 week high of C$143.81. The stock has a market capitalization of C$1.37 billion, a PE ratio of -45.21, a price-to-earnings-growth ratio of -3.24 and a beta of 0.42. The firm has a 50 day moving average of C$119.59 and a two-hundred day moving average of C$121.42.
Analysts Set New Price Targets
Several research firms recently issued reports on PD. Raymond James Financial boosted their price objective on Precision Drilling from C$162.00 to C$165.00 and gave the company an “outperform” rating in a report on Friday, May 1st. BMO Capital Markets boosted their price target on shares of Precision Drilling from C$160.00 to C$165.00 in a research note on Thursday, April 30th. TD lowered their price objective on shares of Precision Drilling from C$124.00 to C$116.00 and set a “hold” rating for the company in a research note on Thursday. National Bank Financial lifted their price objective on shares of Precision Drilling from C$140.00 to C$150.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Finally, Royal Bank Of Canada upped their target price on shares of Precision Drilling from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 14th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Precision Drilling currently has an average rating of “Moderate Buy” and an average target price of C$148.00.
Precision Drilling Company Profile
Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha¿ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen¿ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations.
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