FY2026 Earnings Forecast for TSE:PD Issued By Raymond James

Precision Drilling Co. (TSE:PD - Free Report) NYSE: PDS - Equities research analysts at Raymond James reduced their FY2026 earnings per share estimates for shares of Precision Drilling in a report issued on Thursday, April 24th. Raymond James analyst M. Barth now expects that the company will post earnings of $11.22 per share for the year, down from their prior estimate of $11.31. Raymond James currently has a "Outperform" rating and a $124.00 target price 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. BMO Capital Markets cut their price target on shares of Precision Drilling from C$100.00 to C$90.00 in a report on Thursday, April 17th. CIBC cut their target price on Precision Drilling from C$115.00 to C$95.00 in a research note on Thursday, April 10th. Royal Bank of Canada decreased their price target on Precision Drilling from C$110.00 to C$89.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Finally, TD Securities cut their price objective on Precision Drilling from C$89.00 to C$69.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Precision Drilling has a consensus rating of "Moderate Buy" and an average target price of C$98.33.

Precision Drilling Trading Down 3.9 %

TSE PD traded down C$2.37 on Monday, hitting C$57.68. 135,297 shares of the stock were exchanged, compared to its average volume of 146,917. Precision Drilling has a 52-week low of C$51.38 and a 52-week high of C$109.20. The firm has a market capitalization of C$820.79 million, a P/E ratio of 3.39, a P/E/G ratio of -3.24 and a beta of 2.76. The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.36 and a current ratio of 1.54. The stock has a fifty day moving average price of C$63.74 and a two-hundred day moving average price of C$78.44.

Insider Activity

In other Precision Drilling news, Director Carey Thomas Ford sold 5,108 shares of the firm's 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 the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of C$77.66, for a total transaction of C$263,499.70. Company insiders own 2.12% of the company's stock.

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.