Precision Drilling (PD) Set to Announce Earnings on Thursday

Precision Drilling (TSE:PD) (NYSE:PDS) is set to release its earnings data before the market opens on Thursday, February 15th. Analysts expect Precision Drilling to post earnings of C($0.09) per share for the quarter.

Shares of Precision Drilling (TSE:PD) opened at C$4.38 on Thursday. The company has a market capitalization of $1,280.00, a PE ratio of -11.23 and a beta of 1.49. Precision Drilling has a 12 month low of C$2.89 and a 12 month high of C$7.69.

Several brokerages have recently weighed in on PD. Canaccord Genuity upped their target price on Precision Drilling from C$4.50 to C$4.75 in a research report on Tuesday. TD Securities upped their target price on Precision Drilling from C$6.00 to C$7.00 in a research report on Tuesday, January 30th. Citigroup upped their target price on Precision Drilling from C$4.00 to C$4.25 in a research report on Wednesday, November 1st. GMP Securities upped their target price on Precision Drilling from C$5.75 to C$6.50 in a research report on Thursday, January 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$6.00 target price on shares of Precision Drilling in a research report on Monday, October 30th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$5.88.

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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.

Earnings History for Precision Drilling (TSE:PD)

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