Wall Street brokerages expect that Precision Drilling Corp (NYSE:PDS) (TSE:PD) will announce sales of $256.58 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Precision Drilling’s earnings, with estimates ranging from $245.05 million to $266.18 million. Precision Drilling reported sales of $256.30 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.1%. The business is expected to announce its next earnings results on Thursday, July 25th.
On average, analysts expect that Precision Drilling will report full-year sales of $1.20 billion for the current financial year, with estimates ranging from $1.16 billion to $1.24 billion. For the next financial year, analysts forecast that the company will report sales of $1.34 billion, with estimates ranging from $1.28 billion to $1.45 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Precision Drilling.
Several research analysts have commented on PDS shares. Raymond James reaffirmed a “buy” rating on shares of Precision Drilling in a research report on Wednesday, June 5th. BMO Capital Markets reaffirmed a “buy” rating on shares of Precision Drilling in a research report on Friday, April 26th. National Bank Financial reaffirmed a “buy” rating on shares of Precision Drilling in a research report on Tuesday, March 19th. CIBC reaffirmed a “buy” rating on shares of Precision Drilling in a research report on Tuesday, March 19th. Finally, Jefferies Financial Group downgraded Precision Drilling from a “buy” rating to a “hold” rating and dropped their price target for the stock from $3.00 to $2.60 in a research report on Friday, March 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $3.92.
Shares of NYSE PDS opened at $1.83 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 1.99 and a debt-to-equity ratio of 1.08. The stock has a 50 day simple moving average of $1.92. The company has a market cap of $558.18 million, a P/E ratio of -7.04 and a beta of 2.35. Precision Drilling has a 12 month low of $1.62 and a 12 month high of $4.12.
Precision Drilling Company Profile
Precision Drilling Corporation, an oilfield services company, 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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