FY2029 Earnings Estimate for PDS Issued By Raymond James

Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD - Analysts at Raymond James issued their FY2029 EPS estimates for Precision Drilling in a research note issued to investors on Thursday, April 24th. Raymond James analyst M. Barth expects that the oil and gas company will post earnings of $13.25 per share for the year. Raymond James has a "Outperform" rating on the stock. 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 released its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $1.53 EPS for the quarter, missing analysts' consensus estimates of $1.57 by ($0.04). The firm had revenue of $345.41 million during the quarter, compared to the consensus estimate of $508.06 million. Precision Drilling had a net margin of 5.87% and a return on equity of 6.72%.

PDS has been the topic of a number of other reports. StockNews.com lowered Precision Drilling from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. TD Securities lowered shares of Precision Drilling from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd.

Precision Drilling Stock Performance

Precision Drilling stock traded up $0.24 on Monday, reaching $43.25. 10,233 shares of the stock were exchanged, compared to its average volume of 83,591. The company has a current ratio of 1.48, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. Precision Drilling has a twelve month low of $36.20 and a twelve month high of $79.07. The firm has a fifty day moving average price of $44.44 and a two-hundred day moving average price of $55.06. The stock has a market cap of $584.78 million, a PE ratio of 8.06 and a beta of 1.53.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Aquatic Capital Management LLC acquired a new stake in Precision Drilling during the fourth quarter worth $71,000. Deutsche Bank AG bought a new position in shares of Precision Drilling during the 4th quarter worth about $85,000. Signaturefd LLC boosted its position in shares of Precision Drilling by 30.1% during the 4th quarter. Signaturefd LLC now owns 2,159 shares of the oil and gas company's stock valued at $132,000 after acquiring an additional 499 shares in the last quarter. Quantbot Technologies LP increased its stake in Precision Drilling by 1,741.8% in the fourth quarter. Quantbot Technologies LP now owns 2,247 shares of the oil and gas company's stock valued at $137,000 after acquiring an additional 2,125 shares during the period. Finally, Blue Trust Inc. raised its position in Precision Drilling by 64.7% in the fourth quarter. Blue Trust Inc. now owns 3,298 shares of the oil and gas company's stock worth $203,000 after purchasing an additional 1,295 shares in the last quarter. 48.86% of the stock is currently 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.