Atb Cap Markets Has Pessimistic Outlook of PDS Q3 Earnings

Precision Drilling Corporation (NYSE:PDS - Free Report) TSE: PD - Investment analysts at Atb Cap Markets decreased their Q3 2025 earnings estimates for shares of Precision Drilling in a report 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 estimate 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.

A number of other research firms also recently weighed in on PDS. Raymond James Financial downgraded Precision Drilling from a "strong-buy" rating to an "outperform" rating in a research note on Wednesday, April 9th. Wall Street Zen downgraded Precision Drilling from a "buy" rating to a "hold" rating in a report on Monday, March 24th.

Precision Drilling Trading Down 0.6%

PDS stock traded down $0.28 during midday trading on Friday, reaching $50.54. The company's stock had a trading volume of 82,685 shares, compared to its average volume of 93,428. The business's 50-day simple moving average is $45.53 and its 200-day simple moving average is $50.17. The company has a quick ratio of 0.82, a current ratio of 0.91 and a debt-to-equity ratio of 0.33. Precision Drilling has a 52 week low of $36.20 and a 52 week high of $79.07. The stock has a market cap of $674.66 million, a PE ratio of 10.05 and a beta of 1.06.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last posted its quarterly 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). Precision Drilling had a return on equity of 6.51% and a net margin of 5.84%. The business had revenue of $345.41 million for the quarter, compared to the consensus estimate of $508.06 million.

Institutional Trading of Precision Drilling

Hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Precision Drilling by 2.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,388 shares of the oil and gas company's stock worth $695,000 after buying an additional 250 shares during the period. Geode Capital Management LLC increased its position in shares of Precision Drilling by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 7,285 shares of the oil and gas company's stock worth $450,000 after acquiring an additional 418 shares in the last quarter. PCJ Investment Counsel Ltd. raised its holdings in shares of Precision Drilling by 2.9% during the first quarter. PCJ Investment Counsel Ltd. now owns 16,830 shares of the oil and gas company's stock worth $783,000 after acquiring an additional 470 shares during the period. Signaturefd LLC raised its holdings in shares of Precision Drilling by 30.1% during the fourth quarter. Signaturefd LLC now owns 2,159 shares of the oil and gas company's stock worth $132,000 after acquiring an additional 499 shares during the period. Finally, Vident Advisory LLC lifted its position in Precision Drilling by 8.2% in the 1st quarter. Vident Advisory LLC now owns 6,766 shares of the oil and gas company's stock valued at $315,000 after acquiring an additional 512 shares in the last quarter. Institutional investors and hedge funds 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.