What is Atb Cap Markets' Forecast for PDS FY2027 Earnings?

Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD - Equities research analysts at Atb Cap Markets issued their FY2027 earnings per share (EPS) estimates for shares of Precision Drilling in a note issued to investors on Tuesday, December 10th. Atb Cap Markets analyst W. Syed anticipates that the oil and gas company will post earnings per share of $8.80 for the year. The consensus estimate for Precision Drilling's current full-year earnings is $6.29 per share.

Separately, Piper Sandler boosted their target price on shares of Precision Drilling from $95.00 to $112.00 and gave the company an "overweight" rating in a report on Thursday, August 22nd.

Precision Drilling Trading Down 1.8 %

Shares of NYSE PDS traded down $1.09 during midday trading on Friday, reaching $60.24. The stock had a trading volume of 32,664 shares, compared to its average volume of 69,195. Precision Drilling has a twelve month low of $51.53 and a twelve month high of $79.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.41 and a current ratio of 1.54. The company's 50 day moving average price is $61.91 and its 200 day moving average price is $66.48. The firm has a market cap of $847.58 million, a price-to-earnings ratio of 5.18 and a beta of 1.96.

Institutional Investors Weigh In On Precision Drilling

Hedge funds have recently added to or reduced their stakes in the business. National Bank of Canada FI grew its position in shares of Precision Drilling by 1.4% during the 3rd quarter. National Bank of Canada FI now owns 726,284 shares of the oil and gas company's stock worth $44,740,000 after buying an additional 10,318 shares during the period. Dimensional Fund Advisors LP boosted its stake in Precision Drilling by 16.8% during the second quarter. Dimensional Fund Advisors LP now owns 201,625 shares of the oil and gas company's stock worth $14,182,000 after acquiring an additional 28,947 shares in the last quarter. American Century Companies Inc. grew its holdings in Precision Drilling by 8.0% in the second quarter. American Century Companies Inc. now owns 99,979 shares of the oil and gas company's stock worth $7,030,000 after purchasing an additional 7,436 shares during the period. Polar Asset Management Partners Inc. increased its stake in Precision Drilling by 111.1% in the third quarter. Polar Asset Management Partners Inc. now owns 68,600 shares of the oil and gas company's stock valued at $4,226,000 after purchasing an additional 36,100 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Precision Drilling by 21.9% in the third quarter. Franklin Resources Inc. now owns 63,114 shares of the oil and gas company's stock valued at $3,961,000 after purchasing an additional 11,331 shares in the last quarter. 48.86% of the stock is currently owned by institutional investors.

Precision Drilling Company Profile

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments.