FY2025 EPS Forecast for Precision Drilling Cut by Analyst

Precision Drilling Corporation (NYSE:PDS) (TSE:PD) – Equities research analysts at Raymond James Financial lowered their FY2025 earnings per share (EPS) estimates for shares of Precision Drilling in a research note issued to investors on Monday, October 6th. Raymond James Financial analyst M. Barth now anticipates that the oil and gas company will post earnings per share of $6.01 for the year, down from their prior forecast of $6.21. The consensus estimate for Precision Drilling’s current full-year earnings is $7.10 per share. Raymond James Financial also issued estimates for Precision Drilling’s FY2026 earnings at $8.96 EPS and FY2027 earnings at $11.63 EPS.

A number of other research analysts also recently commented on the company. Zacks Research downgraded Precision Drilling from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Royal Bank Of Canada increased their price objective on Precision Drilling from $89.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Precision Drilling in a report on Wednesday. Finally, Piper Sandler reiterated an “overweight” rating and issued a $74.00 price objective (up previously from $72.00) on shares of Precision Drilling in a report on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Precision Drilling currently has an average rating of “Moderate Buy” and an average price target of $87.00.

Precision Drilling Trading Down 1.3%

PDS opened at $56.93 on Wednesday. Precision Drilling has a one year low of $36.20 and a one year high of $67.35. The company has a market cap of $750.34 million, a P/E ratio of 11.99 and a beta of 1.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.01. The business’s 50-day simple moving average is $56.50 and its 200-day simple moving average is $49.71.

Precision Drilling (NYSE:PDS) (TSE:PD) last posted its quarterly earnings results on Tuesday, July 29th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $435.47 million.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Precision Drilling by 2.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,388 shares of the oil and gas company’s stock worth $695,000 after acquiring an additional 250 shares during the last quarter. PCJ Investment Counsel Ltd. raised its holdings in shares of Precision Drilling by 2.9% in the first quarter. PCJ Investment Counsel Ltd. now owns 16,830 shares of the oil and gas company’s stock worth $783,000 after acquiring an additional 470 shares during the last quarter. Vident Advisory LLC grew its position in shares of Precision Drilling by 8.2% in the first quarter. Vident Advisory LLC now owns 6,766 shares of the oil and gas company’s stock valued at $315,000 after purchasing an additional 512 shares during the period. Mackenzie Financial Corp grew its position in shares of Precision Drilling by 5.8% in the first quarter. Mackenzie Financial Corp now owns 9,752 shares of the oil and gas company’s stock valued at $453,000 after purchasing an additional 533 shares during the period. Finally, Signaturefd LLC grew its position in shares of Precision Drilling by 52.4% in the second quarter. Signaturefd LLC now owns 2,230 shares of the oil and gas company’s stock valued at $105,000 after purchasing an additional 767 shares during the period. Hedge funds and other institutional investors own 48.86% 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.