Precision Drilling Corporation (NYSE:PDS) provider of oil and natural gas drilling and services, is reporting second quarter earnings results on Thursday 23rd July 2020, before market open.
Previous Quarter Performance
Precision Drilling Corporation posted loss for the first quarter of $ 0.01 per share, from the revenue of $ 283.10 million. The consensus estimates are loss of $ 0.05 per share from $ 308.31 million in revenue. The bottom line results beat street analysts by $ 0.04 or 80.00 percent, at the same time, top line results fell short of analysts by $ 25.21 million or 8.18 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of PDS was $ 0.65, representing a 140.74 % increase from the 52 week low of $ 0.27 and a 64.86 % decrease over the 52 week high of $ 1.85.
The company has a market capital of $ 178.42 million and is part of the Energy sector and Oil & Gas Drilling industry.
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Recent Analyst recommendations
On 8th July 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 0.75 target price.
Conference Call
Precision Drilling Corporation will be hosting a conference call at 12:00 PM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.precisiondrilling.com
Precision Drilling Corporation, an oilfield services company, 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.
