Raymond James Has Weak Forecast for TSE:PD FY2025 Earnings

Precision Drilling Co. (TSE:PD - Free Report) NYSE: PDS - Equities research analysts at Raymond James lowered their FY2025 earnings estimates for Precision Drilling in a report issued on Wednesday, April 9th. Raymond James analyst M. Barth now expects that the company will post earnings per share of $9.15 for the year, down from their previous estimate of $12.28. Raymond James currently has a "Outperform" rating and a $124.00 target price on the stock. Raymond James also issued estimates for Precision Drilling's FY2026 earnings at $11.31 EPS and FY2027 earnings at $15.39 EPS.

A number of other research analysts have also recently issued reports on the company. Royal Bank of Canada cut their price target on Precision Drilling from C$110.00 to C$89.00 and set an "outperform" rating for the company in a report on Thursday. TD Securities dropped their target price on shares of Precision Drilling from C$89.00 to C$69.00 and set a "hold" rating for the company in a research note on Wednesday. BMO Capital Markets lowered their price target on shares of Precision Drilling from C$100.00 to C$90.00 in a report on Thursday. Finally, CIBC dropped their price objective on shares of Precision Drilling from C$115.00 to C$95.00 in a research report on Thursday, April 10th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$102.14.

Precision Drilling Price Performance

PD traded up C$1.57 during trading on Monday, hitting C$60.04. The company's stock had a trading volume of 103,237 shares, compared to its average volume of 151,291. The company has a quick ratio of 1.36, a current ratio of 1.54 and a debt-to-equity ratio of 51.98. The stock has a market capitalization of C$854.37 million, a price-to-earnings ratio of 3.53, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76. The firm's 50 day moving average price is C$66.38 and its two-hundred day moving average price is C$79.79. Precision Drilling has a 12 month low of C$51.38 and a 12 month high of C$109.20.

Insider Buying and Selling at Precision Drilling

In other news, Director Carey Thomas Ford sold 5,108 shares of Precision Drilling stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of C$77.66, for a total transaction of C$396,686.26. Also, Senior Officer Veronica H. Foley sold 3,393 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of C$77.66, for a total transaction of C$263,499.70. Corporate insiders own 2.12% of the company's stock.

Precision Drilling Company Profile

Precision Drilling Corp is a leader in North American oil and gas services. It is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada. Its segments are Contract Drilling Services which is the majority key revenue generator and other segments include Completion and Production Services.