Atb Cap Markets Has Negative Outlook of TSE:PD Q4 Earnings

Precision Drilling Co. (TSE:PD - Free Report) NYSE: PDS - Analysts at Atb Cap Markets dropped their Q4 2024 earnings per share (EPS) estimates for shares of Precision Drilling in a research note issued to investors on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now expects that the company will post earnings per share of $1.98 for the quarter, down from their prior forecast of $2.02. Atb Cap Markets also issued estimates for Precision Drilling's Q1 2025 earnings at $2.70 EPS, Q2 2025 earnings at $0.82 EPS, Q3 2025 earnings at $2.48 EPS, Q4 2025 earnings at $2.94 EPS, FY2025 earnings at $8.93 EPS, Q1 2026 earnings at $3.25 EPS and FY2026 earnings at $11.06 EPS.

Several other brokerages have also weighed in on PD. TD Securities cut their target price on Precision Drilling from C$140.00 to C$120.00 and set a "buy" rating on the stock in a research report on Tuesday, October 8th. ATB Capital increased their price target on shares of Precision Drilling from C$109.00 to C$123.00 in a research note on Tuesday. BMO Capital Markets reduced their price objective on shares of Precision Drilling from C$140.00 to C$130.00 in a research report on Friday, October 4th. Finally, Raymond James lowered their target price on shares of Precision Drilling from C$143.00 to C$142.00 in a report on Tuesday, October 15th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Precision Drilling has an average rating of "Buy" and a consensus target price of C$127.11.

Precision Drilling Stock Up 0.4 %

Shares of Precision Drilling stock traded up C$0.36 on Thursday, reaching C$87.42. 60,500 shares of the company were exchanged, compared to its average volume of 85,977. The stock's 50 day moving average price is C$86.17 and its 200-day moving average price is C$91.82. The company has a debt-to-equity ratio of 56.37, a current ratio of 1.51 and a quick ratio of 1.36. Precision Drilling has a 1-year low of C$67.46 and a 1-year high of C$109.20. The company has a market cap of C$1.23 billion, a P/E ratio of 5.46, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76.

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.