Raymond James Weighs in on Precision Drilling Co.’s FY2028 Earnings (TSE:PD)

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Research analysts at Raymond James issued their FY2028 earnings per share estimates for shares of Precision Drilling in a note issued to investors on Friday, April 26th. Raymond James analyst M. Barth forecasts that the company will post earnings per share of $20.16 for the year. Raymond James currently has a “Strong-Buy” rating and a $136.00 target price on the stock. The consensus estimate for Precision Drilling’s current full-year earnings is $8.62 per share.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets boosted their target price on Precision Drilling from C$125.00 to C$130.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Royal Bank of Canada reduced their target price on Precision Drilling from C$125.00 to C$122.00 in a research note on Friday, January 12th. Evercore reduced their target price on Precision Drilling from C$142.00 to C$139.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Stifel Nicolaus lifted their price target on Precision Drilling from C$115.00 to C$125.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, TD Securities dropped their price target on Precision Drilling from C$125.00 to C$115.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Eight research 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 price target of C$127.09.

Precision Drilling Price Performance

Shares of Precision Drilling stock opened at C$98.91 on Monday. The company has a debt-to-equity ratio of 62.97, a current ratio of 1.40 and a quick ratio of 1.36. The business’s 50 day simple moving average is C$90.01 and its two-hundred day simple moving average is C$82.24. The stock has a market capitalization of C$1.43 billion, a P/E ratio of 5.06, a price-to-earnings-growth ratio of -3.24 and a beta of 2.92. Precision Drilling has a one year low of C$56.42 and a one year high of C$104.90.

Precision Drilling (TSE:PD) (NYSE:PDS) last released its earnings results on Thursday, April 25th. The company reported C$2.53 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.73 by C($0.20). The firm had revenue of C$527.79 million during the quarter, compared to the consensus estimate of C$539.50 million. Precision Drilling had a return on equity of 20.61% and a net margin of 14.93%.

Insider Activity at Precision Drilling

In related news, Director Carey Thomas Ford sold 7,976 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of C$62.23, for a total transaction of C$496,346.48. In other news, Director Carey Thomas Ford sold 7,976 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of C$62.23, for a total value of C$496,346.48. Also, Senior Officer Veronica H. Foley sold 1,763 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of C$62.23, for a total value of C$109,711.49. Over the last 90 days, insiders sold 21,373 shares of company stock worth $1,329,227. 1.32% of the stock is owned by insiders.

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.