Precision Drilling Co. (TSE:PD - Free Report) NYSE: PDS - Stock analysts at Raymond James Financial cut their FY2027 earnings per share estimates for Precision Drilling in a research report issued to clients and investors on Wednesday, July 30th. Raymond James Financial analyst M. Barth now anticipates that the company will earn $13.55 per share for the year, down from their previous estimate of $14.49. Raymond James Financial has a "Outperform" rating and a $120.00 price target on the stock. Raymond James Financial also issued estimates for Precision Drilling's FY2028 earnings at $13.50 EPS and FY2029 earnings at $15.36 EPS.
Several other research analysts have also commented on PD. Royal Bank Of Canada raised their price target on Precision Drilling from C$89.00 to C$100.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. TD Securities lifted their target price on Precision Drilling from C$71.00 to C$77.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. CIBC decreased their price target on Precision Drilling from C$115.00 to C$95.00 in a research note on Thursday, April 10th. 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 research note on Wednesday, July 2nd. Finally, BMO Capital Markets decreased their price target on Precision Drilling from C$100.00 to C$90.00 in a research note on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Precision Drilling currently has an average rating of "Moderate Buy" and a consensus price target of C$95.14.
Read Our Latest Research Report on Precision Drilling
Precision Drilling Stock Performance
Precision Drilling stock traded up C$0.63 during mid-day trading on Monday, reaching C$75.43. 51,879 shares of the stock traded hands, compared to its average volume of 122,133. The stock has a market capitalization of C$1.07 billion, a PE ratio of 4.44, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76. 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 business's 50-day moving average is C$68.25 and its 200-day moving average is C$68.06.
About Precision Drilling
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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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