Raymond James Issues Negative Forecast for TSE:PD Earnings

Precision Drilling Co. (TSE:PD - Free Report) NYSE: PDS - Investment analysts at Raymond James decreased their FY2026 earnings per share (EPS) estimates for shares of Precision Drilling in a research report issued on Thursday, April 24th. Raymond James analyst M. Barth now anticipates that the company will post earnings of $11.22 per share for the year, down from their prior forecast of $11.31. Raymond James has a "Outperform" rating and a $124.00 price objective on the stock. Raymond James also issued estimates for Precision Drilling's FY2029 earnings at $18.40 EPS.

Several other equities research analysts have also recently weighed in on the company. TD Securities dropped their price objective on Precision Drilling from C$89.00 to C$69.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. 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. Royal Bank of Canada dropped their target price on shares of Precision Drilling from C$110.00 to C$89.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Finally, CIBC reduced their price target on shares of Precision Drilling from C$115.00 to C$95.00 in a research report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$98.33.

Precision Drilling Stock Performance

Shares of TSE:PD opened at C$59.66 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98. The company has a 50-day moving average price of C$64.45 and a 200-day moving average price of C$78.84. The company has a market cap of C$848.97 million, a price-to-earnings ratio of 3.51, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76. Precision Drilling has a 12 month low of C$51.38 and a 12 month high of C$109.20.

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 that occurred on Wednesday, February 19th. The shares were sold at an average price of C$77.66, for a total transaction of C$263,499.70. Also, Director Carey Thomas Ford sold 5,108 shares of Precision Drilling stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of C$77.66, for a total transaction 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.

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