TSE:PD FY2026 EPS Boosted by Raymond James Financial

Key Points

• Raymond James Financial has increased its FY2026 earnings forecast for Precision Drilling to $12.44 per share, up from $12.04, while maintaining an "Outperform" rating and a price target of $120.00.
• Analysts from Royal Bank Of Canada and TD Securities have also raised their price targets for Precision Drilling, indicating a positive outlook on the company's performance.
• Currently, Precision Drilling has a consensus rating of "Moderate Buy" with a target price of C$95.14, reflecting confidence among various analysts in its future earnings potential.

Precision Drilling Co. (TSE:PD - Free Report) NYSE: PDS - Investment analysts at Raymond James Financial boosted their FY2026 earnings estimates for Precision Drilling in a report issued on Monday, October 6th. Raymond James Financial analyst M. Barth now expects that the company will post earnings of $12.44 per share for the year, up from their previous forecast of $12.04. Raymond James Financial currently has a "Outperform" rating and a $120.00 price target on the stock.

A number of other analysts have also recently commented on PD. Royal Bank Of Canada upped 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 report on Thursday, July 31st. TD Securities upped 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 report on Thursday, July 31st. ATB Capital cut their price target on shares of Precision Drilling from C$87.00 to C$84.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 2nd. Finally, National Bankshares cut 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 report on Thursday, July 3rd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$95.14.

Precision Drilling Stock Performance

Shares of Precision Drilling stock opened at C$79.97 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.54 and a debt-to-equity ratio of 51.98. Precision Drilling has a twelve month low of C$51.38 and a twelve month high of C$96.91. The stock has a market cap of C$1.05 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of -3.24 and a beta of 1.60. The company's fifty day moving average is C$78.03 and its 200 day moving average is C$68.63.

About Precision Drilling

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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