Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) posted 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 return on equity of 20.61% and a net margin of 14.93%. The company 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 %
PD opened at C$98.91 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.40 and a debt-to-equity ratio of 62.97. The firm has a 50 day moving average price of C$90.01 and a 200-day moving average price of C$82.27. Precision Drilling has a twelve month low of C$56.42 and a twelve month high of C$104.90. The stock has a market capitalization of C$1.43 billion, a price-to-earnings ratio of 5.06, a PEG ratio of -3.24 and a beta of 2.92.
Insider Activity
In other news, Senior Officer Veronica H. Foley sold 7,878 shares of the business’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 transaction of C$489,696.48. In other Precision Drilling 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 transaction of C$233,472.96. Also, Senior Officer Veronica H. Foley sold 7,878 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of C$62.16, for a total transaction of C$489,696.48. Insiders sold 21,373 shares of company stock valued at $1,329,227 over the last three months. Insiders own 1.32% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Analysis on Precision Drilling
About Precision Drilling
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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