FY2026 EPS Forecast for Precision Drilling Lifted by Analyst

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 - Investment analysts at Raymond James Financial increased their FY2026 earnings estimates for Precision Drilling in a report issued on Wednesday, July 30th. Raymond James Financial analyst M. Barth now expects that the company will earn $12.04 per share for the year, up from their prior estimate of $11.99. Raymond James Financial currently has a "Outperform" rating and a $120.00 price target on the stock.

Other equities analysts have also issued reports about the stock. BMO Capital Markets dropped their price target on shares of Precision Drilling from C$100.00 to C$90.00 in a research note on Thursday, April 17th. 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. National Bankshares dropped their price target on shares of Precision Drilling from C$110.00 to C$100.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 3rd. Royal Bank Of Canada increased their price target on shares of Precision Drilling from C$89.00 to C$100.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, TD Securities increased their price target on shares of Precision Drilling from C$71.00 to C$77.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$95.14.

Precision Drilling Stock Up 0.7%

Shares of PD stock traded up C$0.52 during trading hours on Friday, reaching C$75.32. 29,298 shares of the stock were exchanged, compared to its average volume of 121,954. The business's fifty day moving average is C$67.92 and its two-hundred day moving average is C$68.01. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36. Precision Drilling has a 12-month low of C$51.38 and a 12-month high of C$101.30. The firm has a market capitalization of C$1.07 billion, a P/E ratio of 4.43, a P/E/G 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.