Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD is anticipated to issue its Q2 2025 quarterly earnings data after the market closes on Tuesday, July 29th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $435.47 million for the quarter.
Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last announced its earnings results on Wednesday, April 23rd. The oil and gas company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.04). Precision Drilling had a net margin of 5.84% and a return on equity of 6.51%. The firm had revenue of $345.41 million for the quarter, compared to the consensus estimate of $508.06 million. On average, analysts expect Precision Drilling to post $7 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Precision Drilling Price Performance
PDS stock traded down $0.87 during trading hours on Friday, hitting $51.95. 73,338 shares of the stock traded hands, compared to its average volume of 88,966. The stock has a 50-day simple moving average of $48.13 and a 200 day simple moving average of $49.20. Precision Drilling has a one year low of $36.20 and a one year high of $79.07. The company has a market cap of $693.53 million, a P/E ratio of 10.33 and a beta of 1.06. The company has a current ratio of 0.91, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33.
Hedge Funds Weigh In On Precision Drilling
An institutional investor recently raised its position in Precision Drilling stock. Goldman Sachs Group Inc. lifted its stake in Precision Drilling Corporation (NYSE:PDS - Free Report) TSE: PD by 28.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 138,896 shares of the oil and gas company's stock after purchasing an additional 30,690 shares during the quarter. Goldman Sachs Group Inc. owned 1.03% of Precision Drilling worth $6,475,000 as of its most recent filing with the Securities & Exchange Commission. 48.86% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
PDS has been the subject of several research reports. Piper Sandler started coverage on Precision Drilling in a research note on Tuesday, July 15th. They set an "overweight" rating and a $72.00 target price for the company. Raymond James Financial lowered Precision Drilling from a "strong-buy" rating to an "outperform" rating in a research report on Wednesday, April 9th.
Check Out Our Latest Research Report on PDS
About Precision Drilling
(
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Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments.
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