Precision Drilling Co. (PD) Scheduled to Post Quarterly Earnings on Thursday
Precision Drilling Co. (TSE:PD) (NYSE:PDS) is scheduled to announce its earnings results before the market opens on Thursday, October 19th. Analysts expect the company to announce earnings of C($0.11) per share for the quarter.
Precision Drilling Co. (TSE PD) opened at 3.23 on Thursday. The firm has a 50-day moving average of $3.46 and a 200-day moving average of $4.44. Precision Drilling Co. has a 1-year low of $3.01 and a 1-year high of $8.21. The stock’s market cap is $947.16 million.
In other news, Director Steven Wayne Krablin acquired 10,000 shares of the company’s stock in a transaction on Friday, August 18th. The stock was bought at an average cost of C$2.63 per share, with a total value of C$26,300.00. Also, Director Brian James Gibson acquired 35,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were purchased at an average cost of C$3.58 per share, with a total value of C$125,300.00. Insiders have acquired 55,000 shares of company stock valued at $182,900 over the last ninety days.
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PD has been the subject of a number of recent research reports. TD Securities reissued a “buy” rating and issued a C$6.00 target price on shares of Precision Drilling in a report on Tuesday, September 12th. Raymond James Financial, Inc. cut their target price on shares of Precision Drilling from C$6.50 to C$5.75 and set a “speculative buy” rating for the company in a report on Tuesday, August 22nd. Deutsche Bank AG reissued a “hold” rating and issued a C$4.00 target price on shares of Precision Drilling in a report on Tuesday. Royal Bank Of Canada cut their target price on shares of Precision Drilling from C$7.00 to C$6.00 and set an “outperform” rating for the company in a report on Friday, October 6th. Finally, BMO Capital Markets cut their target price on shares of Precision Drilling from C$9.00 to C$6.00 and set an “outperform” rating for the company in a report on Tuesday, August 1st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$6.91.
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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