Atb Cap Markets Brokers Lower Earnings Estimates for TSE:PD

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Analysts at Atb Cap Markets dropped their Q4 2024 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 expects that the company will earn $1.98 per share for the quarter, down from their previous forecast of $2.02. Atb Cap Markets also issued estimates for Precision Drilling’s Q1 2025 earnings at $2.70 EPS, Q2 2025 earnings at $0.82 EPS, Q3 2025 earnings at $2.48 EPS, Q4 2025 earnings at $2.94 EPS, FY2025 earnings at $8.93 EPS, Q1 2026 earnings at $3.25 EPS and FY2026 earnings at $11.06 EPS.

PD has been the topic of several other reports. BMO Capital Markets reduced their price objective on Precision Drilling from C$140.00 to C$130.00 in a research note on Friday, October 4th. TD Securities cut their target price on Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating on the stock in a research report on Tuesday, October 8th. Raymond James lowered their price target on Precision Drilling from C$143.00 to C$142.00 in a research report on Tuesday, October 15th. Finally, ATB Capital boosted their price objective on shares of Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Precision Drilling has a consensus rating of “Buy” and a consensus price target of C$127.11.

Precision Drilling Stock Performance

TSE PD opened at C$86.11 on Thursday. The stock has a market capitalization of C$1.22 billion, a PE ratio of 5.38, a P/E/G ratio of -3.24 and a beta of 2.76. Precision Drilling has a 1-year low of C$68.92 and a 1-year high of C$109.20. The business has a 50 day simple moving average of C$86.19 and a two-hundred day simple moving average of C$91.75. The company has a debt-to-equity ratio of 56.37, a current ratio of 1.51 and a quick ratio of 1.36.

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.