Atb Cap Markets Issues Negative Estimate for PDS Earnings

Key Points

• Atb Cap Markets has revised its earnings per share estimate for Precision Drilling to $1.07 for Q3 2026, down from a previous estimate of $1.17.
• The company's recent quarterly earnings showed a profit of $0.77 per share, significantly beating expectations but falling short on revenue with $299.14 million reported against a $435.47 million forecast.
• Precision Drilling has received mixed ratings from analysts, with ratings ranging from “hold” to “buy,” and a current average price target of $86.00 for its stock.

Precision Drilling Corporation (NYSE:PDS - Free Report) TSE: PD - Analysts at Atb Cap Markets reduced their Q3 2026 earnings estimates for Precision Drilling in a research note issued to investors on Wednesday, July 30th. Atb Cap Markets analyst W. Syed now expects that the oil and gas company will earn $1.07 per share for the quarter, down from their prior estimate of $1.17. The consensus estimate for Precision Drilling's current full-year earnings is $7.10 per share.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last posted its earnings results on Tuesday, July 29th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.79. The firm had revenue of $299.14 million during 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%.

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

Precision Drilling Trading Up 2.1%

Shares of PDS stock traded up $1.13 during trading hours on Friday, reaching $54.71. 48,695 shares of the stock traded hands, compared to its average volume of 118,413. Precision Drilling has a 1-year low of $36.20 and a 1-year high of $75.19. The business has a fifty day moving average price of $49.61 and a 200 day moving average price of $48.54. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $727.10 million, a PE ratio of 11.53 and a beta of 1.15.

Hedge Funds Weigh In On Precision Drilling

Hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC bought a new position in shares of Precision Drilling in the 1st quarter valued at about $45,000. Aquatic Capital Management LLC acquired a new stake in shares of Precision Drilling in the fourth quarter valued at approximately $71,000. Deutsche Bank AG acquired a new stake in shares of Precision Drilling in the fourth quarter valued at approximately $85,000. Signaturefd LLC raised its holdings in shares of Precision Drilling by 52.4% in the second quarter. Signaturefd LLC now owns 2,230 shares of the oil and gas company's stock valued at $105,000 after purchasing an additional 767 shares during the last quarter. Finally, Aristides Capital LLC bought a new position in shares of Precision Drilling in the first quarter valued at $252,000. 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.