Analysts Set Expectations for TSE:PD FY2027 Earnings

Key Points

• Raymond James Financial has revised its FY2027 earnings per share (EPS) forecast for Precision Drilling from $14.49 to $13.55.
• Despite the EPS downgrade, Raymond James maintains an "Outperform" rating on the stock with a price target of $120.00.
• The current consensus rating for Precision Drilling is a "Moderate Buy" with a consensus target price of C$95.14.

Precision Drilling Co. (TSE:PD - Free Report) NYSE: PDS - Equities research analysts at Raymond James Financial cut their FY2027 earnings per share (EPS) estimates for Precision Drilling in a research report issued to clients and investors on Wednesday, July 30th. Raymond James Financial analyst M. Barth now forecasts that the company will post earnings per share of $13.55 for the year, down from their previous estimate of $14.49. Raymond James Financial has a "Outperform" rating and a $120.00 price objective 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.

PD has been the topic of several other research reports. TD Securities lifted their target price on shares of Precision Drilling from C$71.00 to C$77.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. BMO Capital Markets lowered their price target on shares of Precision Drilling from C$100.00 to C$90.00 in a research report on Thursday, April 17th. National Bankshares cut their price objective on shares of Precision Drilling from C$110.00 to C$100.00 and set a "sector perform" rating for the company in a report on Thursday, July 3rd. Royal Bank Of Canada boosted their target price on Precision Drilling from C$89.00 to C$100.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, ATB Capital reduced their price objective on 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$95.14.

Precision Drilling Stock Performance

Precision Drilling stock traded up C$0.97 during mid-day trading on Monday, hitting C$75.46. The company had a trading volume of 38,959 shares, compared to its average volume of 121,175. The company has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 4.44, a P/E/G ratio of -3.24 and a beta of 2.76. Precision Drilling has a 12-month low of C$51.38 and a 12-month high of C$101.30. The company's fifty day moving average is C$68.56 and its 200-day moving average is C$68.10. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98.

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.