Q1 Earnings Estimate for TSE:PD Issued By Atb Cap Markets

Precision Drilling Co. (TSE:PD - Free Report) NYSE: PDS - Analysts at Atb Cap Markets decreased their Q1 2025 earnings per share estimates for Precision Drilling in a research report issued on Wednesday, October 30th. Atb Cap Markets analyst W. Syed now expects that the company will earn $2.73 per share for the quarter, down from their prior forecast of $3.08. Atb Cap Markets also issued estimates for Precision Drilling's Q4 2025 earnings at $3.23 EPS.

Several other research analysts also recently weighed in on PD. CIBC lifted their target price on Precision Drilling from C$130.00 to C$140.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. ATB Capital dropped their price objective on shares of Precision Drilling from C$123.00 to C$113.00 in a research note on Monday, September 23rd. TD Securities cut 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 report on Tuesday, October 8th. Royal Bank of Canada boosted their price target on shares of Precision Drilling from C$122.00 to C$125.00 and gave the stock an "outperform" rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets lowered their price objective on Precision Drilling from C$140.00 to C$130.00 in a report on Friday, October 4th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$126.90.

Precision Drilling Stock Performance

Shares of PD stock traded down C$0.77 during trading hours on Friday, hitting C$82.86. The stock had a trading volume of 85,148 shares, compared to its average volume of 86,683. The company has a debt-to-equity ratio of 56.37, a current ratio of 1.51 and a quick ratio of 1.36. The firm has a market capitalization of C$1.17 billion, a PE ratio of 5.22, a PEG ratio of -3.24 and a beta of 2.76. The stock's 50 day moving average is C$87.80 and its 200 day moving average is C$93.58. Precision Drilling has a twelve month low of C$67.46 and a twelve month high of C$109.20.

Precision Drilling (TSE:PD - Get Free Report) NYSE: PDS last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$1.44 earnings per share for the quarter, beating analysts' consensus estimates of C($0.85) by C$2.29. The business 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 at Precision Drilling

In other Precision Drilling news, Director David Williams sold 3,500 shares of the stock in a transaction 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 stock in a transaction dated 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 firm's stock in a transaction that occurred on 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.

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.