Precision Drilling (NYSE:PDS – Get Free Report) (TSE:PD) posted its quarterly earnings results on Wednesday. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate 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
Precision Drilling stock opened at $55.72 on Friday. The firm’s 50 day simple moving average is $60.64 and its 200 day simple moving average is $63.52. The company has a current ratio of 1.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $767.81 million, a PE ratio of 4.73 and a beta of 1.91. Precision Drilling has a 1-year low of $53.31 and a 1-year high of $79.07.
Analyst Ratings Changes
Separately, TD Securities lowered 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.
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