Atb Cap Markets Analysts Reduce Earnings Estimates for PDS

Precision Drilling Corporation (NYSE:PDS) (TSE:PD) – Analysts at Atb Cap Markets dropped their Q3 2026 earnings per share estimates for shares of Precision Drilling in a research note issued to investors on Wednesday, July 30th. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas company will post earnings of $1.07 per share for the quarter, down from their previous estimate of $1.17. The consensus estimate for Precision Drilling’s current full-year earnings is $7.10 per share.

Precision Drilling (NYSE:PDS) (TSE:PD) last issued its earnings results on Tuesday, July 29th. The oil and gas company reported $0.77 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.79. Precision Drilling had a return on equity of 6.21% and a net margin of 5.67%. The company had revenue of $299.14 million during the quarter, compared to the consensus estimate of $435.47 million.

Other analysts have also recently issued reports about the company. Raymond James Financial cut Precision Drilling from a “strong-buy” rating to an “outperform” rating in a report on Wednesday, April 9th. Royal Bank Of Canada lifted their price target on Precision Drilling from $89.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Piper Sandler initiated coverage on Precision Drilling in a report on Tuesday, July 15th. They set an “overweight” rating and a $72.00 price target for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Precision Drilling Stock Performance

NYSE:PDS opened at $54.15 on Friday. The stock has a market cap of $719.65 million, a P/E ratio of 11.40 and a beta of 1.15. The stock has a 50 day simple moving average of $49.39 and a 200 day simple moving average of $48.74. The company has a current ratio of 1.01, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. Precision Drilling has a 1-year low of $36.20 and a 1-year high of $75.19.

Hedge Funds Weigh In On Precision Drilling

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PDS. Cubist Systematic Strategies LLC acquired a new position in Precision Drilling in the 1st quarter valued at $45,000. Aquatic Capital Management LLC acquired a new position in Precision Drilling in the 4th quarter valued at $71,000. Deutsche Bank AG acquired a new position in Precision Drilling in the 4th quarter valued at $85,000. Signaturefd LLC raised its holdings in Precision Drilling by 52.4% in the 2nd quarter. Signaturefd LLC now owns 2,230 shares of the oil and gas company’s stock valued at $105,000 after acquiring an additional 767 shares in the last quarter. Finally, Aristides Capital LLC acquired a new position in Precision Drilling in the 1st quarter valued at $252,000. 48.86% of the stock is owned by institutional investors and hedge funds.

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.