-$0.04 Earnings Per Share Expected for Precision Drilling Corp (PDS) This Quarter
Equities analysts expect that Precision Drilling Corp (NYSE:PDS) (TSE:PD) will report earnings of ($0.04) per share for the current quarter, according to Zacks. Five analysts have issued estimates for Precision Drilling’s earnings. The lowest EPS estimate is ($0.05) and the highest is ($0.03). Precision Drilling posted earnings per share of ($0.06) during the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 21st.
On average, analysts expect that Precision Drilling will report full-year earnings of ($0.31) per share for the current financial year, with EPS estimates ranging from ($0.37) to ($0.28). For the next financial year, analysts expect that the company will report earnings of $0.00 per share, with EPS estimates ranging from ($0.04) to $0.06. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Precision Drilling.
Precision Drilling (NYSE:PDS) (TSE:PD) last posted its earnings results on Thursday, October 25th. The oil and gas company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.02). Precision Drilling had a negative net margin of 9.77% and a negative return on equity of 6.59%. The company had revenue of $292.65 million for the quarter, compared to the consensus estimate of $306.54 million.
NYSE PDS traded up $0.01 during trading on Friday, hitting $2.11. 993,400 shares of the company traded hands, compared to its average volume of 1,913,798. Precision Drilling has a 12 month low of $2.03 and a 12 month high of $4.14. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.85 and a quick ratio of 1.73. The firm has a market cap of $637.51 million, a P/E ratio of -7.54 and a beta of 2.15.
Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of Precision Drilling by 138.1% in the second quarter. Bank of New York Mellon Corp now owns 35,916 shares of the oil and gas company’s stock valued at $119,000 after purchasing an additional 20,833 shares during the last quarter. ClariVest Asset Management LLC acquired a new stake in shares of Precision Drilling in the third quarter valued at about $128,000. Raymond James Financial Services Advisors Inc. grew its position in shares of Precision Drilling by 112.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 59,537 shares of the oil and gas company’s stock valued at $197,000 after purchasing an additional 31,461 shares during the last quarter. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Precision Drilling in the second quarter valued at about $202,000. Finally, Canada Pension Plan Investment Board grew its position in shares of Precision Drilling by 2,089.7% in the second quarter. Canada Pension Plan Investment Board now owns 207,894 shares of the oil and gas company’s stock valued at $687,000 after purchasing an additional 198,400 shares during the last quarter. 48.68% of the stock is currently owned by institutional investors.
About Precision Drilling
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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