Equities Analysts Set Expectations for PDS FY2029 Earnings

Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD - Raymond James issued their FY2029 earnings per share estimates for Precision Drilling in a report released 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 announced 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). Precision Drilling had a return on equity of 6.72% and a net margin of 5.87%. The company had revenue of $345.41 million during the quarter, compared to the consensus estimate of $508.06 million.

Several other equities analysts also recently weighed in on the stock. TD Securities downgraded shares of Precision Drilling from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. StockNews.com cut shares of Precision Drilling from a "buy" rating to a "hold" rating in a research report on Monday, March 24th.

Precision Drilling Price Performance

NYSE:PDS traded up $1.22 during trading hours on Monday, hitting $42.94. 56,394 shares of the stock traded hands, compared to its average volume of 83,781. The company has a quick ratio of 1.35, a current ratio of 1.48 and a debt-to-equity ratio of 0.48. Precision Drilling has a 1 year low of $36.20 and a 1 year high of $79.07. The company has a market cap of $580.59 million, a price-to-earnings ratio of 7.94 and a beta of 1.53. The stock has a 50 day moving average price of $44.65 and a 200 day moving average price of $55.19.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Precision Drilling by 2.2% during the fourth 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 acquiring an additional 250 shares during the last quarter. Geode Capital Management LLC increased its position in Precision Drilling by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 7,285 shares of the oil and gas company's stock valued at $450,000 after acquiring an additional 418 shares during the last quarter. Signaturefd LLC increased its position in Precision Drilling by 30.1% during the fourth 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 during the last quarter. Jane Street Group LLC grew its holdings in shares of Precision Drilling by 4.5% in the fourth quarter. Jane Street Group LLC now owns 17,183 shares of the oil and gas company's stock worth $1,049,000 after purchasing an additional 743 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. lifted its holdings in Precision Drilling by 10.8% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 8,477 shares of the oil and gas company's stock valued at $518,000 after buying an additional 824 shares in the last quarter. Institutional investors own 48.86% of the company's stock.

About Precision Drilling

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.