Atb Cap Markets Has Negative Outlook of PDS Q3 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 - Equities researchers at Atb Cap Markets dropped their Q3 2026 earnings estimates for Precision Drilling in a research note issued on Wednesday, July 30th. Atb Cap Markets analyst W. Syed now expects that the oil and gas company will post earnings per share of $1.07 for the quarter, down from their prior forecast of $1.17. The consensus estimate for Precision Drilling's current full-year earnings is $7.10 per share.

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

Precision Drilling Stock Down 3.9%

PDS traded down $2.17 during trading on Friday, reaching $54.15. 76,603 shares of the stock were exchanged, compared to its average volume of 95,053. The stock has a market cap of $719.60 million, a P/E ratio of 11.40 and a beta of 1.15. Precision Drilling has a twelve month low of $36.20 and a twelve month high of $75.19. The stock's 50 day moving average price is $49.39 and its two-hundred day moving average price is $48.74. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.01.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in Precision Drilling by 31.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,163 shares of the oil and gas company's stock valued at $520,000 after acquiring an additional 2,686 shares in the last quarter. Quotient Wealth Partners LLC acquired a new stake in shares of Precision Drilling in the 1st quarter valued at $3,192,000. Intact Investment Management Inc. acquired a new stake in shares of Precision Drilling in the 1st quarter valued at $2,594,000. Greatmark Investment Partners Inc. boosted its holdings in shares of Precision Drilling by 15.9% in the 1st quarter. Greatmark Investment Partners Inc. now owns 106,189 shares of the oil and gas company's stock valued at $4,951,000 after purchasing an additional 14,588 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings 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 valued at $9,395,000 after purchasing an additional 149,616 shares in the last quarter. 48.86% of the stock is owned by institutional investors and hedge funds.

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.