Precision Drilling Corporation Announces 2018 Fourth Quarter and Year End Unaudited Financial Results

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Precision Drilling (PD:CN) (PDS) PT Raised to Cdn$4.25 at BMO Capital

February 15, 2019 12:14 PM EST

BMO Capital analyst Michael Mazar raised the price target on Precision Drilling (PD:CN) (NYSE: PDS) to Cdn$4.25 (from Cdn$4.00) while maintaining a Outperform rating.

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Precision Drilling (PD:CN) (PDS) PT Raised to Cdn$5.50 at TD Securities

February 15, 2019 11:57 AM EST

TD Securities analyst Aaron MacNeil raised the price target on Precision Drilling (PD:CN) (NYSE: PDS) to Cdn$5.50 (from Cdn$5.00) while maintaining a Buy rating.

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Precision Drilling (PDS) Tops Q4 EPS by 5c, Revenues Beat

February 14, 2019 6:13 AM EST

Precision Drilling (NYSE: PDS) reported Q4 EPS of $0.00, $0.05 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $427 million versus the consensus estimate of $308.31 million.

Revenue of $427 million was an increase of 23% over the prior year comparative quarter.Net loss of $198 million ($0.68 per share) compares to a net loss of $47 million ($0.16 per share) in the fourth quarter of 2017. During the quarter we incurred goodwill impairment charges totaling $208 million that, after-tax, reduced net earnings by $199 million and net earnings per diluted share by $0.68. Excluding the... More