Equities Analysts Set Expectations for PDS FY2026 Earnings

Key Points

• Raymond James Financial has lowered its FY2026 EPS forecast for Precision Drilling Corporation from $8.87 to $8.79, while maintaining an "Outperform" rating on the stock.
• The current consensus estimate for Precision Drilling’s full-year earnings stands at $7.10 per share.
• Precision Drilling's stock has experienced a 3.9% decline in trading, opening at $54.15, down from its 52-week high of $75.19.

Precision Drilling Corporation (NYSE:PDS - Free Report) TSE: PD - Stock analysts at Raymond James Financial dropped their FY2026 earnings estimates for Precision Drilling in a research note issued on Wednesday, July 30th. Raymond James Financial analyst M. Barth now expects that the oil and gas company will post earnings per share of $8.79 for the year, down from their prior forecast of $8.87. Raymond James Financial currently has a "Outperform" rating on the stock. 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 FY2027 earnings at $9.89 EPS, FY2028 earnings at $9.86 EPS and FY2029 earnings at $11.21 EPS.

A number of other research analysts have also commented on PDS. Piper Sandler assumed coverage on shares of Precision Drilling in a research note on Tuesday, July 15th. They issued an "overweight" rating and a $72.00 price target on the stock. Royal Bank Of Canada upped their price target on shares of Precision Drilling from $89.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Precision Drilling currently has an average rating of "Moderate Buy" and a consensus price target of $86.00.

Precision Drilling Stock Performance

Shares of PDS stock traded up $0.50 during trading on Monday, reaching $54.72. 40,444 shares of the company's stock were exchanged, compared to its average volume of 117,897. Precision Drilling has a twelve month low of $36.20 and a twelve month high of $75.19. The stock has a market capitalization of $727.17 million, a PE ratio of 11.52 and a beta of 1.15. The firm's fifty day moving average price is $50.08 and its 200-day moving average price is $48.62. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 0.33.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last issued its quarterly earnings results on Tuesday, July 29th. The oil and gas company reported $0.77 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.79. The firm had revenue of $299.14 million for the quarter, compared to analysts' expectations of $435.47 million. Precision Drilling had a net margin of 5.67% and a return on equity of 6.21%.

Hedge Funds Weigh In On Precision Drilling

Several institutional investors and hedge funds have recently added to or reduced their stakes in PDS. Cubist Systematic Strategies LLC acquired a new position in Precision Drilling in the 1st quarter valued at approximately $45,000. Aquatic Capital Management LLC bought a new stake in Precision Drilling during the 4th quarter worth approximately $71,000. Deutsche Bank AG purchased a new position in Precision Drilling during the fourth quarter worth about $85,000. Signaturefd LLC boosted its holdings in Precision Drilling by 52.4% during the second quarter. Signaturefd LLC now owns 2,230 shares of the oil and gas company's stock worth $105,000 after purchasing an additional 767 shares during the last quarter. Finally, Aristides Capital LLC purchased a new position in Precision Drilling in the first quarter valued at about $252,000. Institutional investors 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.