Research Analysts Offer Predictions for PDS Q4 Earnings

Precision Drilling Co. (NYSE:PDS) (TSE:PD) – Research analysts at Atb Cap Markets cut their Q4 2024 earnings estimates for Precision Drilling in a research report issued to clients and investors on Wednesday, October 30th. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas company will post earnings of $1.45 per share for the quarter, down from their prior estimate of $1.90. The consensus estimate for Precision Drilling’s current full-year earnings is $6.37 per share. Atb Cap Markets also issued estimates for Precision Drilling’s Q1 2025 earnings at $1.97 EPS, Q3 2025 earnings at $1.81 EPS, FY2025 earnings at $6.72 EPS, Q1 2026 earnings at $2.35 EPS, Q2 2026 earnings at $0.90 EPS, Q3 2026 earnings at $2.16 EPS and FY2026 earnings at $8.10 EPS.

PDS has been the subject of a number of other research reports. StockNews.com upgraded shares of Precision Drilling from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Piper Sandler boosted their price objective on shares of Precision Drilling from $95.00 to $112.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd.

Precision Drilling Stock Performance

NYSE:PDS opened at $61.98 on Monday. The company has a fifty day simple moving average of $63.67 and a two-hundred day simple moving average of $67.97. The company has a quick ratio of 1.41, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. Precision Drilling has a 52 week low of $49.67 and a 52 week high of $79.07. The company has a market cap of $871.75 million, a price-to-earnings ratio of 5.24 and a beta of 1.97.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. National Bank of Canada FI boosted its position in Precision Drilling by 0.7% during the 2nd quarter. National Bank of Canada FI now owns 715,966 shares of the oil and gas company’s stock worth $49,928,000 after acquiring an additional 4,919 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Precision Drilling by 16.8% during the second quarter. Dimensional Fund Advisors LP now owns 201,625 shares of the oil and gas company’s stock worth $14,182,000 after acquiring an additional 28,947 shares in the last quarter. American Century Companies Inc. increased its position in Precision Drilling by 8.0% in the 2nd quarter. American Century Companies Inc. now owns 99,979 shares of the oil and gas company’s stock worth $7,030,000 after purchasing an additional 7,436 shares during the last quarter. Aegis Financial Corp acquired a new stake in Precision Drilling in the first quarter valued at approximately $6,124,000. Finally, Point72 Asset Management L.P. raised its holdings in Precision Drilling by 31.1% during the second quarter. Point72 Asset Management L.P. now owns 57,949 shares of the oil and gas company’s stock valued at $4,073,000 after buying an additional 13,749 shares in the last quarter. 48.86% of the stock is owned by institutional investors and hedge funds.

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.