Brokers Offer Predictions for PDS FY2027 Earnings

Precision Drilling Co. (NYSE:PDS) (TSE:PD) – Analysts at Atb Cap Markets issued their FY2027 EPS estimates for shares of Precision Drilling in a research report issued to clients and investors on Tuesday, December 10th. Atb Cap Markets analyst W. Syed forecasts that the oil and gas company will post earnings of $8.80 per share for the year. The consensus estimate for Precision Drilling’s current full-year earnings is $6.29 per share.

Separately, Piper Sandler lifted their price objective on Precision Drilling from $95.00 to $112.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd.

Precision Drilling Stock Down 1.6 %

Shares of NYSE PDS opened at $60.35 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 1.41. The firm’s 50-day moving average is $61.82 and its two-hundred day moving average is $66.35. Precision Drilling has a 12-month low of $51.53 and a 12-month high of $79.07. The company has a market capitalization of $849.12 million, a PE ratio of 5.10 and a beta of 1.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in shares of Precision Drilling by 1.3% during the second quarter. The Manufacturers Life Insurance Company now owns 12,020 shares of the oil and gas company’s stock valued at $844,000 after buying an additional 150 shares during the period. US Bancorp DE raised its holdings in Precision Drilling by 56.6% in the 3rd quarter. US Bancorp DE now owns 603 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 218 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Precision Drilling by 19.9% during the 3rd quarter. Signaturefd LLC now owns 1,660 shares of the oil and gas company’s stock worth $102,000 after purchasing an additional 276 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Precision Drilling by 6.6% during the third quarter. Geode Capital Management LLC now owns 6,867 shares of the oil and gas company’s stock worth $425,000 after purchasing an additional 424 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Precision Drilling by 2,800.0% in the second quarter. Blue Trust Inc. now owns 522 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 504 shares during the period. 48.86% of the stock is currently owned by hedge funds and other institutional investors.

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.