PDS Stock Recent News
PDS LATEST HEADLINES
CALGARY, Alberta, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision”) intends to release its 2023 third quarter results before the market opens on Thursday, October 26, 2023, and has scheduled a conference call to begin at 12:00 noon MT (2:00 p.m. ET) on the same day.
Precision Drilling (PDS) anticipates realizing annual operating savings of around C$20 million following the integration of CWC Energy Services.
Precision Drilling Corporation provides onshore drilling and production services to E&P companies in the oil and gas industry. The company has the opportunity to leverage free cash flow generation through higher rig activity and better rates. Precision Drilling is focused on reducing debt, increasing operating efficiency, and implementing organic innovations to boost rig efficiency.
Precision Drilling (PDS) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to loss of $1.42 per share a year ago.
CALGARY, Alberta, July 06, 2023 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision”) intends to release its 2023 second quarter results before the market opens on Thursday, July 27, 2023, and has scheduled a conference call to begin at 12:00 noon MT (2:00 p.m. ET) on the same day.
Precision Drilling Corporation: Improving Drilling Activity And Margin Expansion
With the outlook for energy activity holding up despite some concerns, the Zacks Oil and Gas - Drilling companies like SDRL, PTEN and PDS are worth considering.
Precision Drilling (PDS) came out with quarterly earnings of $4.12 per share, beating the Zacks Consensus Estimate of $2.96 per share. This compares to loss of $2.57 per share a year ago.
CALGARY, Alberta, April 03, 2023 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision”) intends to release its 2023 first quarter results before the market opens on Wednesday, April 26, 2023, and has scheduled a conference call to begin at 12:00 Noon MT (2:00 p.m. ET) on the same day.
Precision Drilling (PDS) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.