Precision Drilling Corporation (NYSE:PDS) is set to announce third quarter earning results on Thursday 22nd October 2020, before market open.
Previous Quarter Performance
Precision Drilling Corporation outlined loss for the second quarter of $ 0.13 per share, from the revenue of $ 136.87 million. The consensus estimates are loss of $ 0.05 per share from $ 308.31 million in revenue. The bottom line results missed street analysts by $ 0.08 or 160 percent, at the same time, top line results fell short of analysts by $ 171.44 million or 55.61 percent.
Stock Performance
Shares of Precision Drilling Corporation traded low $ -0.01 or -1.26 percent on Wednesday, reaching $ 0.73 with volume of 148.30 thousand shares. The stock opened positive for the day at $ 0.74, after closing the previous day trading at $ 0.74.
According to the previous trading day, closing price of $ 0.74, representing a 174.07 % increase from the 52 week low of $ 0.27 and a 54.88 % decrease over the 52 week high of $ 1.64.
The company has a market capital of $ 204.75 million and is part of the Energy sector and Oil & Gas Drilling industry.
Conference Call
Precision Drilling Corporation will be hosting a conference call at 12:00 PM eastern time on 22nd October 2020, to discuss its 3Q20 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.
