Precision Drilling Co. (PD) to Release Earnings on Monday
Precision Drilling Co. (TSE:PD) (NYSE:PDS) will be releasing its earnings data before the market opens on Monday, July 31st. Analysts expect Precision Drilling to post earnings of ($0.22) per share for the quarter.
Precision Drilling Co. (PD) traded up 1.05% on Thursday, reaching $3.85. 1,614,595 shares of the company were exchanged. The stock’s market capitalization is $1.13 billion. The company’s 50-day moving average price is $4.21 and its 200-day moving average price is $5.76. Precision Drilling Co. has a 12-month low of $3.68 and a 12-month high of $8.21.
Several research firms have recently issued reports on PD. BMO Capital Markets reiterated an “outperform” rating and issued a C$9.00 target price on shares of Precision Drilling in a research note on Tuesday, April 25th. CIBC upped their target price on shares of Precision Drilling from C$8.00 to C$11.00 in a research note on Thursday, July 20th. Canaccord Genuity reduced their target price on shares of Precision Drilling from C$6.50 to C$4.75 in a research note on Tuesday, July 11th. Scotiabank reiterated a “sector perform” rating and issued a C$8.00 target price on shares of Precision Drilling in a research note on Tuesday, April 25th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating and issued a C$7.40 target price on shares of Precision Drilling in a research note on Tuesday, April 25th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Precision Drilling presently has a consensus rating of “Buy” and an average target price of C$8.50.
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About Precision Drilling
Precision Drilling Corporation (Precision) is an oilfield services company. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services.
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