Raymond James Has Negative Outlook of TSE:PD FY2026 Earnings

Precision Drilling Co. (TSE:PD - Free Report) NYSE: PDS - Stock analysts at Raymond James reduced their FY2026 EPS estimates for Precision Drilling in a research note issued on Thursday, April 24th. Raymond James analyst M. Barth now forecasts that the company will earn $11.22 per share for the year, down from their prior forecast of $11.31. Raymond James has a "Outperform" rating and a $124.00 price objective on the stock. Raymond James also issued estimates for Precision Drilling's FY2029 earnings at $18.40 EPS.

Several other equities analysts also recently commented on PD. CIBC dropped their price target on shares of Precision Drilling from C$115.00 to C$95.00 in a research note on Thursday, April 10th. BMO Capital Markets lowered their target price on Precision Drilling from C$100.00 to C$90.00 in a research note on Thursday, April 17th. Royal Bank of Canada cut their price target on Precision Drilling from C$110.00 to C$89.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Finally, TD Securities decreased their price objective on Precision Drilling from C$89.00 to C$69.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Precision Drilling has a consensus rating of "Moderate Buy" and an average price target of C$98.33.

Precision Drilling Stock Up 0.1 %

Shares of PD stock traded up C$0.06 during trading on Monday, reaching C$59.53. The company's stock had a trading volume of 11,860 shares, compared to its average volume of 144,330. The company has a market capitalization of C$847.12 million, a price-to-earnings ratio of 3.50, a P/E/G ratio of -3.24 and a beta of 2.76. Precision Drilling has a 1-year low of C$51.38 and a 1-year high of C$109.20. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36. The stock's 50-day moving average price is C$63.02 and its 200 day moving average price is C$78.07.

Insider Activity at Precision Drilling

In related news, Director Carey Thomas Ford sold 5,108 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of C$77.66, for a total value of C$396,686.26. Also, Senior Officer Veronica H. Foley sold 3,393 shares of Precision Drilling stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total transaction of C$263,499.70. 2.12% of the stock is currently owned by corporate insiders.

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.