Raymond James Has Pessimistic View of TSE:PD FY2025 Earnings

Precision Drilling Co. (TSE:PD - Free Report) NYSE: PDS - Analysts at Raymond James reduced their FY2025 EPS estimates for Precision Drilling in a research report issued to clients and investors on Tuesday, October 15th. Raymond James analyst M. Barth now anticipates that the company will post earnings per share of $17.32 for the year, down from their prior forecast of $18.68.

PD has been the topic of several other reports. ATB Capital reduced their price target on Precision Drilling from C$123.00 to C$113.00 in a research report on Monday, September 23rd. BMO Capital Markets cut their target price on shares of Precision Drilling from C$140.00 to C$130.00 in a report on Friday, October 4th. Royal Bank of Canada upped their price target on shares of Precision Drilling from C$122.00 to C$125.00 and gave the company an "outperform" rating in a report on Thursday, August 1st. CIBC raised their price target on shares of Precision Drilling from C$130.00 to C$140.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. Finally, TD Securities lowered their price objective on shares of Precision Drilling from C$140.00 to C$120.00 and set a "buy" rating for the company in a research note on Tuesday, October 8th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Precision Drilling presently has an average rating of "Buy" and an average target price of C$126.90.

Precision Drilling Trading Up 0.0 %

Shares of TSE:PD traded up C$0.04 on Friday, reaching C$83.51. 94,809 shares of the company traded hands, compared to its average volume of 84,699. Precision Drilling has a 52 week low of C$67.46 and a 52 week high of C$109.20. The company has a current ratio of 1.51, a quick ratio of 1.36 and a debt-to-equity ratio of 56.37. The business's 50-day simple moving average is C$90.23 and its 200 day simple moving average is C$94.39. The stock has a market capitalization of C$1.18 billion, a P/E ratio of 5.21, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76.

Precision Drilling (TSE:PD - Get Free Report) NYSE: PDS last released its earnings results on Tuesday, July 30th. The company reported C$1.44 EPS for the quarter, beating the consensus estimate of C($0.85) by C$2.29. The company had revenue of C$429.21 million for the quarter, compared to analyst estimates of C$423.50 million. Precision Drilling had a net margin of 11.71% and a return on equity of 15.01%.

Insider Activity

In other Precision Drilling news, Director David Williams sold 3,500 shares of the company's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$100.01, for a total transaction of C$350,035.00. In other news, Director David Williams sold 3,500 shares of the business's stock in a transaction on Monday, August 26th. The shares were sold at an average price of C$100.01, for a total transaction of C$350,035.00. Also, Senior Officer Veronica H. Foley sold 5,335 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$99.49, for a total transaction of C$530,779.18. Insiders own 2.12% of the company's stock.

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.