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Precision Drilling (NYSE:PDS – Get Free Report) (TSE:PD) released its quarterly earnings data on Thursday. The oil and gas company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.12), reports. Precision Drilling had a return on equity of 10.44% and a net margin of 12.00%. The business […]
StockNews.com downgraded shares of Precision Drilling (NYSE:PDS – Free Report) (TSE:PD) from a buy rating to a hold rating in a report published on Friday morning. Separately, Piper Sandler dropped their target price on shares of Precision Drilling from $100.00 to $81.00 and set an overweight rating for the company in a report on Tuesday, […]
The completion of the Trans Mountain pipeline expansion is leading to a boom in demand for drilling services according to Precision Drilling.
The Alberta Energy Regulator is about to add four new members to the board, with Duncan Au set to become its chair later this summer.
Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.