TSE:PD FY2026 EPS Boosted by Raymond James Financial

Key Points

• Raymond James Financial has raised its FY2026 earnings per share (EPS) estimate for Precision Drilling from $11.99 to $12.04, maintaining an "Outperform" rating and a price target of $120.00.
• Other analysts have varied ratings for the stock, with ATB Capital reducing its price target from C$87.00 to C$84.00, while Royal Bank of Canada increased its target from C$89.00 to C$100.00.
• Precision Drilling's current stock price is C$78.03, with a notable market cap of C$1.11 billion and a 52-week trading range between C$51.38 and C$109.20.

Precision Drilling Co. (TSE:PD - Free Report) NYSE: PDS - Stock analysts at Raymond James Financial lifted their FY2026 EPS estimates for shares of Precision Drilling in a research note issued to investors on Wednesday, July 30th. Raymond James Financial analyst M. Barth now forecasts that the company will post earnings of $12.04 per share for the year, up from their previous forecast of $11.99. Raymond James Financial has a "Outperform" rating and a $120.00 price objective on the stock.

Several other analysts have also issued reports on the stock. ATB Capital reduced their price objective on shares of Precision Drilling from C$87.00 to C$84.00 and set an "outperform" rating on the stock in a report on Wednesday, July 2nd. BMO Capital Markets reduced their price objective on shares of Precision Drilling from C$100.00 to C$90.00 in a report on Thursday, April 17th. TD Securities lifted their target price on Precision Drilling from C$71.00 to C$77.00 and gave the company a "hold" rating in a research report on Thursday. CIBC dropped their target price on Precision Drilling from C$115.00 to C$95.00 in a research report on Thursday, April 10th. Finally, Royal Bank Of Canada lifted their target price on Precision Drilling from C$89.00 to C$100.00 and gave the company an "outperform" rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$95.14.

Precision Drilling Trading Up 0.7%

Shares of PD opened at C$78.03 on Friday. Precision Drilling has a 52-week low of C$51.38 and a 52-week high of C$109.20. The company has a quick ratio of 1.36, a current ratio of 1.54 and a debt-to-equity ratio of 51.98. The firm's fifty day moving average is C$66.84 and its two-hundred day moving average is C$68.74. The stock has a market cap of C$1.11 billion, a PE ratio of 4.59, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76.

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.

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