Precision Drilling Corp (TSE:PD) – Stock analysts at National Bank Financial reduced their Q1 2020 earnings per share estimates for shares of Precision Drilling in a research note issued to investors on Thursday. National Bank Financial analyst M. Nicholson now anticipates that the company will post earnings per share of ($0.02) for the quarter, down from their prior forecast of ($0.01). National Bank Financial also issued estimates for Precision Drilling’s Q2 2020 earnings at ($0.03) EPS, Q3 2020 earnings at ($0.03) EPS, Q4 2020 earnings at ($0.03) EPS, FY2020 earnings at ($0.05) EPS, FY2021 earnings at ($0.06) EPS, FY2022 earnings at ($0.06) EPS and FY2023 earnings at ($0.06) EPS.
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Precision Drilling (TSE:PD) last issued its quarterly earnings results on Thursday, January 31st. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.01) by C($0.01). Precision Drilling had a negative net margin of 3.58% and a negative return on equity of 8.99%.
Several other equities analysts have also weighed in on PD. Scotiabank cut shares of Precision Drilling from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$2.00 to C$1.40 in a research report on Thursday, January 4th. Raymond James Financial reissued a “market perform” rating on shares of Precision Drilling in a research report on Friday, December 22nd. Eight Capital boosted their price objective on shares of Precision Drilling from C$1.50 to C$1.80 in a research report on Thursday, January 4th. BMO Capital Markets cut shares of Precision Drilling from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$1.60 to C$1.50 in a research report on Friday, October 12th. Finally, Royal Bank of Canada cut shares of Precision Drilling from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$1.85 to C$1.60 in a research report on Tuesday, January 29th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of C$1.89.
Precision Drilling (TSE:PD) opened at C$0.58 on Monday. Precision Drilling has a 12 month low of C$0.54 and a 12 month high of C$2.55. The company has a market cap of $618.95, a PE ratio of -4.61 and a beta of 0.11.
In other Precision Drilling news, Director Jonathan Robert Jagsi acquired 945,184 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were bought at an average cost of C$0.53 per share, for a total transaction of C$42,673.48.
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Precision Drilling Company Profile
Precision Drilling Corporation provides onshore contract drilling services to exploration and production (E&P) companies in Canada and the United States. The Company operates through three segments: Canadian Drilling, International Drilling and Offshore Drilling. Its Canadian Drilling segment provides onshore contract drilling services to the E&P companies in Western Canada.
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