Q1 Earnings Forecast for PDS Issued By Atb Cap Markets

Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD - Equities researchers at Atb Cap Markets cut their Q1 2026 EPS estimates for Precision Drilling in a report released on Thursday, April 24th. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas company will post earnings of $1.36 per share for the quarter, down from their prior estimate of $1.48. 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 FY2026 earnings at $3.97 EPS, Q1 2027 earnings at $1.61 EPS and FY2027 earnings at $4.76 EPS.

Several other equities research analysts also recently commented on PDS. TD Securities downgraded shares of Precision Drilling from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. StockNews.com downgraded Precision Drilling from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Raymond James cut Precision Drilling from a "strong-buy" rating to an "outperform" rating in a research note on Wednesday, April 9th.

Precision Drilling Trading Up 0.6 %

Shares of Precision Drilling stock traded up $0.24 on Monday, hitting $43.25. 10,233 shares of the company's stock traded hands, compared to its average volume of 83,591. Precision Drilling has a one year low of $36.20 and a one year high of $79.07. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.48 and a quick ratio of 1.35. The stock has a market capitalization of $584.78 million, a PE ratio of 8.06 and a beta of 1.53. The firm's 50-day moving average price is $44.44 and its two-hundred day moving average price is $55.06.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last posted its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.04). The company had revenue of $345.41 million during the quarter, compared to the consensus estimate of $508.06 million. Precision Drilling had a return on equity of 6.72% and a net margin of 5.87%.

Institutional Trading of Precision Drilling

Several hedge funds and other institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Precision Drilling by 2.2% during the fourth 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Precision Drilling by 6.1% during the 4th 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. Signaturefd LLC raised its holdings in shares of Precision Drilling by 30.1% in the fourth 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. Jane Street Group LLC lifted its position in shares of Precision Drilling by 4.5% in the fourth quarter. Jane Street Group LLC now owns 17,183 shares of the oil and gas company's stock worth $1,049,000 after purchasing an additional 743 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. boosted its holdings in Precision Drilling by 10.8% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 8,477 shares of the oil and gas company's stock worth $518,000 after purchasing an additional 824 shares during the last quarter. Institutional investors and hedge funds 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.