Atb Cap Markets Issues Pessimistic Forecast for PDS Earnings

Precision Drilling Corporation (NYSE:PDS - Free Report) TSE: PD - Investment analysts at Atb Cap Markets lowered their Q3 2025 EPS estimates for shares of Precision Drilling in a research note issued on Tuesday, July 1st. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas company will earn $0.93 per share for the quarter, down from their prior forecast of $1.20. The consensus estimate for Precision Drilling's current full-year earnings is $7.10 per share. Atb Cap Markets also issued estimates for Precision Drilling's FY2025 earnings at $3.89 EPS, Q3 2026 earnings at $1.17 EPS and Q4 2026 earnings at $1.19 EPS.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last posted its earnings results on Wednesday, April 23rd. The oil and gas company reported $1.53 earnings per share for the quarter, missing analysts' consensus estimates of $1.57 by ($0.04). The business had revenue of $345.41 million during the quarter, compared to the consensus estimate of $508.06 million. Precision Drilling had a net margin of 5.84% and a return on equity of 6.51%.

PDS has been the subject of a number of other research reports. Wall Street Zen cut shares of Precision Drilling from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Raymond James Financial cut Precision Drilling from a "strong-buy" rating to an "outperform" rating in a report on Wednesday, April 9th.

Precision Drilling Price Performance

Shares of NYSE PDS traded down $0.87 during midday trading on Friday, reaching $49.66. 91,835 shares of the company traded hands, compared to its average volume of 93,684. Precision Drilling has a 12 month low of $36.20 and a 12 month high of $79.07. The firm has a market cap of $662.96 million, a PE ratio of 9.87 and a beta of 1.06. The stock's 50-day simple moving average is $45.68 and its 200-day simple moving average is $50.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 0.91.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PDS. Cubist Systematic Strategies LLC acquired a new position in shares of Precision Drilling in the 1st quarter valued at approximately $45,000. Aquatic Capital Management LLC acquired a new position in Precision Drilling during the fourth quarter valued at approximately $71,000. Deutsche Bank AG acquired a new position in Precision Drilling during the fourth quarter worth $85,000. Signaturefd LLC lifted its stake in Precision Drilling by 30.1% in the 4th quarter. Signaturefd LLC now owns 2,159 shares of the oil and gas company's stock valued at $132,000 after purchasing an additional 499 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of Precision Drilling by 1,741.8% during the 4th quarter. Quantbot Technologies LP now owns 2,247 shares of the oil and gas company's stock worth $137,000 after acquiring an additional 2,125 shares during the period. Institutional investors own 48.86% of the company's stock.

Precision Drilling Company Profile

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments.