Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) announced its quarterly earnings results on Thursday. The company reported C$2.53 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.73 by C($0.20), reports. Precision Drilling had a net margin of 14.93% and a return on equity of 20.61%. The firm had revenue of C$527.79 million for the quarter, compared to the consensus estimate of C$539.50 million.
Precision Drilling Stock Up 5.1 %
Shares of TSE PD opened at C$98.91 on Friday. The stock has a market cap of C$1.43 billion, a P/E ratio of 5.06, a P/E/G ratio of -3.24 and a beta of 2.92. The firm has a 50 day moving average price of C$90.01 and a 200 day moving average price of C$82.26. The company has a debt-to-equity ratio of 62.97, a quick ratio of 1.36 and a current ratio of 1.40. Precision Drilling has a 52-week low of C$56.42 and a 52-week high of C$104.90.
Insider Activity at Precision Drilling
In other news, Director Carey Thomas Ford sold 3,756 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of C$62.16, for a total value of C$233,472.96. In other news, Senior Officer Veronica H. Foley sold 1,763 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total value of C$109,711.49. Also, Director Carey Thomas Ford sold 3,756 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of C$62.16, for a total transaction of C$233,472.96. Over the last 90 days, insiders sold 21,373 shares of company stock worth $1,329,227. 1.32% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
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Precision Drilling Company Profile
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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