TSX:PDEnergy Services
Precision Drilling (TSX:PD) Stock Trails Revenue Growth As Margins Crack
Precision Drilling stock came into earnings under pressure, with the share price down about 14% over the past week and almost 19% over three months. That set the stage for investors to react strongly to any sign of weakness or relief.
The headline from this quarter is margin and profit strain. Revenue landed at C$452.8m while the company reported a small net loss of C$1.2m and basic earnings per share slipped into a loss. For a capital intensive driller that leans on day rates and...