What is Raymond James' Forecast for PDS FY2028 Earnings?

Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD - Stock analysts at Raymond James decreased their FY2028 earnings per share (EPS) estimates for shares of Precision Drilling in a report released on Thursday, February 13th. Raymond James analyst M. Barth now anticipates that the oil and gas company will post earnings of $12.43 per share for the year, down from their previous estimate of $12.70. The consensus estimate for Precision Drilling's current full-year earnings is $8.46 per share.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last released its earnings results on Wednesday, February 12th. The oil and gas company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.64). Precision Drilling had a net margin of 5.87% and a return on equity of 6.72%.

A number of other research firms have also recently issued reports on PDS. TD Securities cut Precision Drilling from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. StockNews.com cut Precision Drilling from a "buy" rating to a "hold" rating in a report on Friday, February 14th.

Precision Drilling Trading Down 0.1 %

PDS traded down $0.07 during trading hours on Monday, reaching $54.83. 117,402 shares of the company's stock traded hands, compared to its average volume of 90,609. The firm has a 50-day moving average price of $60.19 and a 200 day moving average price of $62.95. Precision Drilling has a 52-week low of $53.31 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 $755.56 million, a PE ratio of 10.19 and a beta of 1.91.

Institutional Investors Weigh In On Precision Drilling

Hedge funds have recently made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of Precision Drilling by 56.6% in the 3rd quarter. US Bancorp DE now owns 603 shares of the oil and gas company's stock worth $37,000 after buying an additional 218 shares during the period. Aquatic Capital Management LLC purchased a new stake in shares of Precision Drilling in the 4th quarter worth $71,000. Deutsche Bank AG purchased a new stake in shares of Precision Drilling in the 4th quarter worth $85,000. Signaturefd LLC lifted its holdings in shares of Precision Drilling by 19.9% in the 3rd quarter. Signaturefd LLC now owns 1,660 shares of the oil and gas company's stock worth $102,000 after buying an additional 276 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Precision Drilling by 283.7% in the 3rd quarter. Blue Trust Inc. now owns 2,003 shares of the oil and gas company's stock worth $123,000 after buying an additional 1,481 shares during the period. 48.86% of the stock is currently owned by hedge funds and other institutional investors.

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.