Equities Analysts Set Expectations for PDS FY2025 Earnings

Key Points

• Raymond James Financial has lowered its FY2025 earnings estimate for Precision Drilling to $6.01 per share, down from a previous estimate of $6.21.
• The current consensus estimate for Precision Drilling's full-year earnings is $7.10, with projected earnings of $8.96 for FY2026 and $11.63 for FY2027.
• Shares of Precision Drilling closed at $57.52, with a market cap of $758.06 million and an average target price of $87.00 according to MarketBeat.

Precision Drilling Corporation (NYSE:PDS - Free Report) TSE: PD - Investment analysts at Raymond James Financial lowered their FY2025 earnings estimates for shares of Precision Drilling in a research report issued on Monday, October 6th. Raymond James Financial analyst M. Barth now anticipates that the oil and gas company will post earnings per share of $6.01 for the year, down from their previous estimate of $6.21. The consensus estimate for Precision Drilling's current full-year earnings is $7.10 per share. Raymond James Financial also issued estimates for Precision Drilling's FY2026 earnings at $8.96 EPS and FY2027 earnings at $11.63 EPS.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last released its quarterly earnings data on Tuesday, July 29th. The oil and gas company reported $0.77 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.79. The firm 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%.

PDS has been the topic of several other research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Precision Drilling in a research report on Saturday, September 27th. Piper Sandler reiterated an "overweight" rating and set a $74.00 price objective (up previously from $72.00) on shares of Precision Drilling in a research report on Thursday, August 14th. Royal Bank Of Canada boosted their target price on shares of Precision Drilling from $89.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, Zacks Research lowered shares of Precision Drilling from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 15th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Precision Drilling has an average rating of "Moderate Buy" and an average target price of $87.00.

Precision Drilling Stock Up 0.2%

Shares of PDS opened at $57.52 on Wednesday. Precision Drilling has a 52 week low of $36.20 and a 52 week high of $67.35. The firm has a market cap of $758.06 million, a P/E ratio of 12.11 and a beta of 1.11. The firm's 50-day simple moving average is $56.48 and its 200 day simple moving average is $49.66. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.01.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. 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 4th 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 valued at $695,000 after purchasing an additional 250 shares during the last quarter. Intact Investment Management Inc. bought a new stake in shares of Precision Drilling during the first quarter worth $2,594,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Precision Drilling by 31.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,163 shares of the oil and gas company's stock worth $520,000 after buying an additional 2,686 shares during the last quarter. Quotient Wealth Partners LLC acquired a new position in shares of Precision Drilling during the first quarter worth $3,192,000. Finally, Greatmark Investment Partners Inc. lifted its stake 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 acquiring an additional 14,588 shares during the last quarter. 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.

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