Precision Drilling (TSE:PD) (NYSE:PDS) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, February 14th. Analysts expect the company to announce earnings of C($0.06) per share for the quarter.
PD opened at C$2.89 on Thursday. Precision Drilling has a 1 year low of C$2.25 and a 1 year high of C$5.33. The company has a debt-to-equity ratio of 98.19, a quick ratio of 1.73 and a current ratio of 1.85. The stock has a market capitalization of $828.47 million and a price-to-earnings ratio of -5.93.
Several research firms have issued reports on PD. CIBC cut their target price on Precision Drilling from C$7.00 to C$6.25 in a research note on Tuesday, October 16th. Canaccord Genuity cut their target price on Precision Drilling from C$5.25 to C$4.75 in a research note on Tuesday, October 16th. National Bank Financial restated an “outperform overweight” rating on shares of Precision Drilling in a research note on Thursday, December 20th. TD Securities restated a “buy” rating and set a C$5.00 price target on shares of Precision Drilling in a research note on Monday, January 7th. Finally, Raymond James dropped their price target on Precision Drilling from C$6.50 to C$5.75 in a research note on Monday, October 15th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$5.13.
In other news, insider Kevin A. Neveu bought 100,000 shares of the company’s stock in a transaction that occurred on Friday, December 21st. The shares were purchased at an average price of C$1.75 per share, for a total transaction of C$175,300.00. Following the completion of the transaction, the insider now directly owns 907,596 shares in the company, valued at C$1,591,015.79. Also, Director Brian James Gibson bought 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 11th. The stock was purchased at an average price of C$2.64 per share, for a total transaction of C$105,600.00. Insiders have bought 167,750 shares of company stock worth $346,825 in the last 90 days.
Precision Drilling Company Profile
Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.
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