FY2029 Earnings Forecast for PDS Issued By Raymond James

Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD - Investment analysts at Raymond James issued their FY2029 earnings per share estimates for shares of Precision Drilling in a research note issued to investors on Thursday, April 24th. Raymond James analyst M. Barth anticipates that the oil and gas company will earn $13.25 per share for the year. Raymond James has a "Outperform" rating on the stock. The consensus estimate for Precision Drilling's current full-year earnings is $7.10 per share.

Other equities research analysts also recently issued research reports about the stock. TD Securities downgraded shares of Precision Drilling from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. StockNews.com downgraded Precision Drilling from a "buy" rating to a "hold" rating in a research note on Monday, March 24th.

Precision Drilling Trading Down 0.0 %

PDS opened at $43.06 on Monday. The firm's 50 day moving average is $45.35 and its 200-day moving average is $55.51. Precision Drilling has a 52-week low of $36.20 and a 52-week high of $79.07. The company has a quick ratio of 1.35, a current ratio of 1.48 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $575.76 million, a P/E ratio of 8.00 and a beta of 1.53.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last announced its earnings results on Wednesday, April 23rd. The oil and gas company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.04). The company had revenue of $345.41 million for the quarter, compared to analysts' expectations of $508.06 million. Precision Drilling had a net margin of 5.87% and a return on equity of 6.72%.

Institutional Trading of Precision Drilling

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its stake in shares of Precision Drilling by 73.5% in the 3rd quarter. Jane Street Group LLC now owns 16,440 shares of the oil and gas company's stock valued at $1,014,000 after purchasing an additional 6,967 shares in the last quarter. Barclays PLC raised its stake in Precision Drilling by 1,579.0% during the third quarter. Barclays PLC now owns 3,358 shares of the oil and gas company's stock valued at $207,000 after buying an additional 3,158 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Precision Drilling by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 6,867 shares of the oil and gas company's stock worth $425,000 after buying an additional 424 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Precision Drilling by 21.9% in the 3rd quarter. Franklin Resources Inc. now owns 63,114 shares of the oil and gas company's stock worth $3,961,000 after acquiring an additional 11,331 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Precision Drilling by 64.7% in the 4th quarter. Blue Trust Inc. now owns 3,298 shares of the oil and gas company's stock valued at $203,000 after acquiring an additional 1,295 shares during the last quarter. 48.86% of the stock is owned by institutional investors and hedge funds.

About Precision Drilling

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.

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