Atb Cap Markets Issues Pessimistic Estimate for PDS Earnings

Precision Drilling Corporation (NYSE:PDS - Free Report) TSE: PD - Atb Cap Markets lowered their Q2 2025 earnings per share estimates for shares of Precision Drilling in a research report issued on Tuesday, July 1st. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas company will post earnings per share of $0.04 for the quarter, down from their previous estimate of $0.06. 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 $1.15 EPS, Q1 2026 earnings at $1.30 EPS, Q2 2026 earnings at $0.13 EPS, FY2026 earnings at $3.78 EPS, Q1 2027 earnings at $1.57 EPS, Q2 2027 earnings at $0.25 EPS and FY2027 earnings at $4.64 EPS.

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

Precision Drilling Stock Down 0.6%

Shares of Precision Drilling stock traded down $0.28 during trading on Thursday, reaching $50.54. 82,685 shares of the company traded hands, compared to its average volume of 93,692. The firm has a market capitalization of $674.66 million, a PE ratio of 10.05 and a beta of 1.06. Precision Drilling has a 1-year low of $36.20 and a 1-year high of $79.07. The company has a 50 day moving average price of $45.68 and a 200-day moving average price of $50.03. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.91 and a quick ratio of 0.82.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last issued 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 return on equity of 6.51% and a net margin of 5.84%.

Hedge Funds Weigh In On Precision Drilling

Large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its holdings in Precision Drilling by 28.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 138,896 shares of the oil and gas company's stock worth $6,475,000 after purchasing an additional 30,690 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Precision Drilling during the first quarter valued at approximately $6,813,000. Mountain Lake Investment Management LLC boosted its position in shares of Precision Drilling by 18.7% during the first quarter. Mountain Lake Investment Management LLC now owns 61,712 shares of the oil and gas company's stock valued at $2,875,000 after buying an additional 9,731 shares during the last quarter. Polar Asset Management Partners Inc. grew its holdings in Precision Drilling by 200.0% during the first quarter. Polar Asset Management Partners Inc. now owns 108,000 shares of the oil and gas company's stock worth $5,026,000 after buying an additional 72,000 shares in the last quarter. Finally, K2 Principal Fund L.P. raised its position in Precision Drilling by 26.8% in the 1st quarter. K2 Principal Fund L.P. now owns 61,446 shares of the oil and gas company's stock valued at $2,865,000 after buying an additional 13,000 shares during the last quarter. 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.