Atb Cap Markets Has Negative Outlook of TSE:PD Q3 Earnings

Key Points

• Atb Cap Markets has revised its Q3 2026 earnings estimate for Precision Drilling from $1.60 to $1.47 per share.
• Several analysts have adjusted their target prices for Precision Drilling, with CIBC lowering it to C$95.00, while TD Securities raised it to C$77.00.
• The stock currently holds an average rating of "Moderate Buy" with a consensus price target of C$95.14.

Precision Drilling Co. (TSE:PD - Free Report) NYSE: PDS - Research analysts at Atb Cap Markets lowered their Q3 2026 earnings per share (EPS) estimates for Precision Drilling in a research report issued to clients and investors on Wednesday, July 30th. Atb Cap Markets analyst W. Syed now anticipates that the company will earn $1.47 per share for the quarter, down from their prior forecast of $1.60.

Several other research analysts have also recently commented on the company. CIBC lowered their target price on Precision Drilling from C$115.00 to C$95.00 in a research note on Thursday, April 10th. TD Securities lifted their price target 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. Raymond James Financial boosted their price target on shares of Precision Drilling from C$119.00 to C$120.00 and gave the stock an "outperform" rating in a report on Thursday. Royal Bank Of Canada raised their price objective on shares of Precision Drilling from C$89.00 to C$100.00 and gave the company an "outperform" rating in a report on Thursday. Finally, National Bankshares decreased 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 research report on Thursday, July 3rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$95.14.

Precision Drilling Trading Down 4.1%

PD traded down C$3.23 during trading hours on Friday, reaching C$74.80. The company's stock had a trading volume of 81,920 shares, compared to its average volume of 122,608. Precision Drilling has a fifty-two week low of C$51.38 and a fifty-two week high of C$102.66. The stock has a market cap of C$1.06 billion, a PE ratio of 4.40, a P/E/G ratio of -3.24 and a beta of 2.76. The business's 50-day moving average is C$67.60 and its 200-day moving average is C$68.14. 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 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.