Precision Drilling (PDS) to Announce Earnings on Tuesday

Precision Drilling (NYSE:PDS) (TSE:PD) is expected to release its Q2 2026 results after the market closes on Tuesday, July 28th. Analysts expect the company to announce earnings of $0.3455 per share and revenue of $310.70 million for the quarter. Parties can find conference call details on the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Wednesday, July 29, 2026 at 1:00 PM ET.

Precision Drilling Stock Performance

NYSE:PDS opened at $84.68 on Friday. The firm has a market capitalization of $1.09 billion, a PE ratio of -90.09 and a beta of 0.76. The business’s fifty day moving average price is $86.88 and its 200 day moving average price is $87.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.52. Precision Drilling has a 12 month low of $51.63 and a 12 month high of $103.80.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PDS. Weiss Ratings downgraded Precision Drilling from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Zacks Research downgraded Precision Drilling from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 1st. BMO Capital Markets reissued an “outperform” rating on shares of Precision Drilling in a research report on Thursday, April 30th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Precision Drilling in a research note on Friday, May 1st. Finally, TD Securities reaffirmed a “hold” rating on shares of Precision Drilling in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.33.

Hedge Funds Weigh In On Precision Drilling

Several large investors have recently bought and sold shares of PDS. FIL Ltd grew its holdings in shares of Precision Drilling by 27,294.7% during the fourth quarter. FIL Ltd now owns 850,331 shares of the oil and gas company’s stock worth $61,017,000 after purchasing an additional 847,227 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Precision Drilling by 0.6% in the 3rd quarter. National Bank of Canada FI now owns 735,460 shares of the oil and gas company’s stock valued at $41,265,000 after purchasing an additional 4,236 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Precision Drilling by 24.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 483,937 shares of the oil and gas company’s stock valued at $27,262,000 after purchasing an additional 96,339 shares during the last quarter. Picton Mahoney Asset Management boosted its position in shares of Precision Drilling by 6.5% in the 4th quarter. Picton Mahoney Asset Management now owns 261,950 shares of the oil and gas company’s stock valued at $18,823,000 after purchasing an additional 15,969 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Precision Drilling by 8.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 210,238 shares of the oil and gas company’s stock valued at $15,112,000 after purchasing an additional 16,941 shares during the period. Institutional investors and hedge funds own 48.86% of the company’s stock.

Precision Drilling Company Profile

Precision Drilling Corporation (NYSE: PDS) is a Calgary, Alberta–based oilfield services company that has provided drilling solutions since its founding in 1951. With more than seven decades of industry experience, the company delivers contract drilling services, directional and horizontal drilling, well servicing, and a suite of specialized equipment designed to meet the evolving needs of exploration and production companies worldwide.

The company’s core business activities include operating a fleet of onshore drilling rigs, offering managed pressure drilling, measurement-while-drilling (MWD) and logging-while-drilling (LWD) services, and providing completion and workover rigs.