Research Analysts Issue Forecasts for TSE:PD FY2024 Earnings

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Stock analysts at Atb Cap Markets lowered their FY2024 earnings per share (EPS) estimates for shares of Precision Drilling in a research note issued to investors on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now forecasts that the company will post earnings per share of $8.59 for the year, down from their previous estimate of $8.64. Atb Cap Markets also issued estimates for Precision Drilling’s Q3 2026 earnings at $3.04 EPS and FY2027 earnings at $12.46 EPS.

Other equities research analysts have also recently issued reports about the stock. ATB Capital boosted their price target on shares of Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th. TD Securities dropped their target price on shares of Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating on the stock in a report on Tuesday, October 8th. BMO Capital Markets reduced their target price on shares of Precision Drilling from C$140.00 to C$130.00 in a report on Friday, October 4th. Finally, Raymond James dropped their price target on Precision Drilling from C$143.00 to C$142.00 in a report on Tuesday, October 15th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Precision Drilling presently has an average rating of “Buy” and a consensus target price of C$127.11.

Precision Drilling Trading Down 1.5 %

Shares of Precision Drilling stock opened at C$86.11 on Friday. The business has a fifty day simple moving average of C$86.19 and a 200-day simple moving average of C$91.71. Precision Drilling has a fifty-two week low of C$68.92 and a fifty-two week high of C$109.20. The firm has a market cap of C$1.22 billion, a price-to-earnings ratio of 5.38, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76. The company has a quick ratio of 1.36, a current ratio of 1.51 and a debt-to-equity ratio of 56.37.

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.