Precision Reports Unremarkable 4Q Results on Flat U.S. Drilling Division Performance
Precision Drilling reported unremarkable fourth-quarter results, with revenue increasing 10% sequentially because of the normal Canadian rig market seasonal uplift. We had expected that the seasonal uplift, combined with ongoing U.S. Drilling division recovery, would have propelled Precision to positive company operating margins (for the first time since the first quarter of 2016), but the company fell just short of that goal with negative 1% operating margins. For now, our fair value estimate a...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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