TSE:PD FY2025 EPS Lowered by Raymond James Financial

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Stock analysts at Raymond James Financial decreased their FY2025 earnings per share (EPS) estimates for shares of Precision Drilling in a research note issued on Monday, October 6th. Raymond James Financial analyst M. Barth now anticipates that the company will post earnings per share of $8.35 for the year, down from their prior forecast of $8.50. Raymond James Financial currently has a “Outperform” rating and a $120.00 price target on the stock. Raymond James Financial also issued estimates for Precision Drilling’s FY2027 earnings at $16.15 EPS.

Other equities analysts have also recently issued reports about the company. National Bankshares dropped their price objective on Precision Drilling from C$110.00 to C$100.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 3rd. Royal Bank Of Canada raised their price objective on Precision Drilling from C$89.00 to C$100.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. TD Securities raised their price objective on Precision Drilling from C$71.00 to C$77.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Finally, ATB Capital dropped their price objective on Precision Drilling from C$87.00 to C$84.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$95.14.

Precision Drilling Price Performance

Shares of PD opened at C$79.54 on Wednesday. Precision Drilling has a 12-month low of C$51.38 and a 12-month high of C$96.91. The business’s fifty day moving average is C$78.23 and its 200 day moving average is C$68.79. 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$1.05 billion, a P/E ratio of 11.17, a P/E/G ratio of -3.24 and a beta of 1.60.

About Precision Drilling

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.