Atb Cap Markets Issues Negative Outlook for TSE:PD Earnings

Precision Drilling Co. (TSE:PD - Free Report) NYSE: PDS - Analysts at Atb Cap Markets decreased their Q1 2026 earnings per share (EPS) estimates for Precision Drilling in a research note issued on Thursday, April 24th. Atb Cap Markets analyst W. Syed now forecasts that the company will earn $1.89 per share for the quarter, down from their prior estimate of $2.11. Atb Cap Markets also issued estimates for Precision Drilling's Q3 2026 earnings at $1.69 EPS, FY2026 earnings at $5.52 EPS, Q1 2027 earnings at $2.24 EPS and FY2027 earnings at $6.61 EPS.

Other equities analysts also recently issued reports about the company. TD Securities cut their target price on Precision Drilling from C$89.00 to C$69.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Raymond James cut Precision Drilling from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from C$141.00 to C$124.00 in a research note on Wednesday, April 9th. BMO Capital Markets cut their price target on shares of Precision Drilling from C$100.00 to C$90.00 in a report on Thursday, April 17th. CIBC decreased their price objective on shares of Precision Drilling from C$115.00 to C$95.00 in a research note on Thursday, April 10th. Finally, Royal Bank of Canada cut their price objective on shares of Precision Drilling from C$110.00 to C$89.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Precision Drilling has an average rating of "Moderate Buy" and a consensus price target of C$98.33.

Precision Drilling Stock Performance

PD stock traded up C$0.06 during trading on Monday, reaching C$59.53. The company had a trading volume of 11,860 shares, compared to its average volume of 144,330. The company has a market cap of C$847.12 million, a price-to-earnings ratio of 3.50, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76. Precision Drilling has a twelve month low of C$51.38 and a twelve month high of C$109.20. The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.36 and a current ratio of 1.54. The firm has a 50-day simple moving average of C$63.02 and a 200-day simple moving average of C$78.07.

Insider Transactions at Precision Drilling

In other Precision Drilling news, Senior Officer Veronica H. Foley sold 3,393 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total value of C$263,499.70. Also, Director Carey Thomas Ford sold 5,108 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total value of C$396,686.26. Insiders own 2.12% of the company's stock.

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.