Q3 EPS Estimate for Precision Drilling Lifted by Analyst

Key Points

• Atb Cap Markets has raised its Q3 2025 EPS estimate for Precision Drilling to $0.94 per share, up from $0.93, indicating a positive outlook for the company.
• Royal Bank Of Canada also increased its price target for Precision Drilling shares from $89.00 to $100.00, giving the stock an "outperform" rating.
• Precision Drilling's recent earnings report showed a significant earnings per share (EPS) of $0.77, surpassing analysts' expectations and highlighting its ongoing profitability.

Precision Drilling Corporation (NYSE:PDS - Free Report) TSE: PD - Investment analysts at Atb Cap Markets boosted their Q3 2025 earnings per share estimates for Precision Drilling in a research note issued on Wednesday, July 30th. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas company will earn $0.94 per share for the quarter, up from their previous estimate of $0.93. 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 Q4 2025 earnings at $1.13 EPS, FY2025 earnings at $4.70 EPS, Q1 2026 earnings at $1.76 EPS, Q2 2026 earnings at $0.41 EPS, Q4 2026 earnings at $1.23 EPS, FY2026 earnings at $4.47 EPS, Q1 2027 earnings at $2.09 EPS, Q2 2027 earnings at $0.47 EPS and FY2027 earnings at $5.39 EPS.

Several other equities research analysts have also issued reports on PDS. Raymond James Financial lowered shares of Precision Drilling from a "strong-buy" rating to an "outperform" rating in a research report on Wednesday, April 9th. Piper Sandler began coverage on Precision Drilling in a research report on Tuesday, July 15th. They issued an "overweight" rating and a $72.00 price objective on the stock. Finally, Royal Bank Of Canada increased their target price on Precision Drilling from $89.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $86.00.

Precision Drilling Trading Up 0.9%

Shares of Precision Drilling stock traded up $0.50 during trading hours on Monday, reaching $54.72. The stock had a trading volume of 38,370 shares, compared to its average volume of 117,893. The firm has a 50 day simple moving average of $50.08 and a two-hundred day simple moving average of $48.62. The firm has a market capitalization of $727.17 million, a price-to-earnings ratio of 11.54 and a beta of 1.15. Precision Drilling has a 1 year low of $36.20 and a 1 year high of $75.19. The company has a current ratio of 1.01, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last announced its quarterly earnings results on Tuesday, July 29th. The oil and gas company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.79. The company had revenue of $299.14 million for the quarter, compared to analyst estimates of $435.47 million. Precision Drilling had a net margin of 5.67% and a return on equity of 6.21%.

Institutional Investors Weigh In On Precision Drilling

A number of large investors have recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new stake in Precision Drilling in the 1st quarter valued at about $22,637,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Precision Drilling by 3,575.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 153,800 shares of the oil and gas company's stock worth $9,395,000 after purchasing an additional 149,616 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Precision Drilling during the first quarter worth $6,813,000. Bank of Montreal Can lifted its stake in Precision Drilling by 28.0% in the fourth quarter. Bank of Montreal Can now owns 602,954 shares of the oil and gas company's stock valued at $36,832,000 after buying an additional 131,843 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Precision Drilling by 235.8% in the 4th quarter. Millennium Management LLC now owns 157,433 shares of the oil and gas company's stock valued at $9,621,000 after acquiring an additional 110,546 shares during the last quarter. Institutional investors own 48.86% of the company's stock.

About Precision Drilling

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.