FY2025 EPS Forecast for Precision Drilling Cut by Analyst

Key Points

• Raymond James Financial has reduced its FY2025 earnings per share estimate for Precision Drilling from $8.50 to $8.35, maintaining an "Outperform" rating with a price target of $120.00.
• Other analysts have varied opinions, with Royal Bank of Canada raising its price target to C$100.00 while National Bankshares lowered it to C$100.00, reflecting mixed sentiment in the market.
• Precision Drilling's stock has a consensus rating of "Moderate Buy" and currently trades at C$80.43, with a market cap of C$1.06 billion.

Precision Drilling Co. (TSE:PD - Free Report) NYSE: PDS - Investment analysts at Raymond James Financial cut their FY2025 earnings per share estimates for Precision Drilling in a research note issued on Monday, October 6th. Raymond James Financial analyst M. Barth now anticipates that the company will post earnings per share of $8.35 for the year, down from their previous estimate of $8.50. Raymond James Financial has a "Outperform" rating and a $120.00 price target on the stock. Raymond James Financial also issued estimates for Precision Drilling's FY2027 earnings at $16.15 EPS.

Other research analysts have also recently issued research reports about the stock. Royal Bank Of Canada lifted their price objective on shares of Precision Drilling from C$89.00 to C$100.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. National Bankshares dropped their target price on shares of Precision Drilling from C$110.00 to C$100.00 and set a "sector perform" rating for the company in a report on Thursday, July 3rd. ATB Capital dropped their target price on Precision Drilling from C$87.00 to C$84.00 and set an "outperform" rating for the company in a report on Wednesday, July 2nd. Finally, TD Securities increased their price target on shares of Precision Drilling from C$71.00 to C$77.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$95.14.

Precision Drilling Stock Up 0.6%

Shares of PD stock opened at C$80.43 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98. The stock has a market cap of C$1.06 billion, a P/E ratio of 11.30, a P/E/G ratio of -3.24 and a beta of 1.60. The stock has a 50 day moving average of C$78.18 and a 200 day moving average of C$68.71. Precision Drilling has a twelve month low of C$51.38 and a twelve month high of C$96.91.

About Precision Drilling

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.

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