TSE:PD FY2026 EPS Forecast Raised by Raymond James Financial

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Investment analysts at Raymond James Financial increased their FY2026 earnings per share estimates for Precision Drilling in a report issued on Wednesday, July 30th. Raymond James Financial analyst M. Barth now forecasts that the company will earn $12.04 per share for the year, up from their previous estimate of $11.99. Raymond James Financial currently has a “Outperform” rating and a $120.00 target price on the stock.

Other equities research analysts have also recently issued reports about the company. CIBC decreased their price objective on Precision Drilling from C$115.00 to C$95.00 in a research note on Thursday, April 10th. ATB Capital decreased their target price on Precision Drilling from C$87.00 to C$84.00 and set an “outperform” rating for the company in a research report on Wednesday, July 2nd. BMO Capital Markets cut their price target on shares of Precision Drilling from C$100.00 to C$90.00 in a research report on Thursday, April 17th. TD Securities lifted their price target on shares of Precision Drilling from C$71.00 to C$77.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Royal Bank Of Canada boosted their price target on shares of Precision Drilling from C$89.00 to C$100.00 and gave the company an “outperform” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$95.14.

Precision Drilling Price Performance

Precision Drilling stock opened at C$74.80 on Friday. The business’s 50-day simple moving average is C$67.60 and its 200 day simple moving average is C$68.33. The company has a quick ratio of 1.36, a current ratio of 1.54 and a debt-to-equity ratio of 51.98. The stock has a market cap of C$1.06 billion, a price-to-earnings ratio of 4.40, a P/E/G ratio of -3.24 and a beta of 2.76. Precision Drilling has a 12-month low of C$51.38 and a 12-month high of C$102.66.

Precision Drilling Company Profile

Precision Drilling Corp is a leader in North American oil and gas services. It is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada. Its segments are Contract Drilling Services which is the majority key revenue generator and other segments include Completion and Production Services.