Precision Drilling: Q2 Earnings Insights

Shares of Precision Drilling PDS rose 6% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 225.00% year over year to ($0.13), which missed the estimate of ($0.05).

Revenue of $136,873,000 declined by 49.89% from the same period last year, which missed the estimate of $308,310,000.

Outlook

Precision Drilling hasn't issued any earnings guidance for the time being.

Precision Drilling hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jul 23, 2020

Time: 02:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/4asb2584

Technicals

52-week high: $1.85

52-week low: $0.27

Price action over last quarter: Up 32.80%

Company Description

Precision Drilling is a leader in North American oil and gas services. Precision is Canada's market leader in contract drilling, and expanded in to the United States with the purchase of Grey Wolf. In addition to more than 250 land rigs, the company also offers completions, workover, maintenance, and abandonment services with more than 235 service rigs. The trust also offers equipment rentals, rig-site camps, and catering.