FY2025 Earnings Estimate for TSE:PD Issued By Raymond James

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Raymond James reduced their FY2025 earnings estimates for shares of Precision Drilling in a research report issued to clients and investors on Wednesday, April 9th. Raymond James analyst M. Barth now expects that the company will post earnings of $9.15 per share for the year, down from their previous forecast of $12.28. Raymond James has a “Outperform” rating and a $124.00 price objective on the stock. Raymond James also issued estimates for Precision Drilling’s FY2026 earnings at $11.31 EPS and FY2027 earnings at $15.39 EPS.

PD has been the subject of a number of other reports. CIBC dropped their price target on shares of Precision Drilling from C$115.00 to C$95.00 in a research report on Thursday. Royal Bank of Canada dropped their target price on Precision Drilling from C$121.00 to C$110.00 in a research report on Friday, February 14th. Finally, TD Securities reduced their price target on shares of Precision Drilling from C$100.00 to C$89.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$113.71.

Precision Drilling Price Performance

PD stock opened at C$59.02 on Monday. The stock has a market cap of C$839.86 million, a price-to-earnings ratio of 3.47, 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 1.54 and a debt-to-equity ratio of 51.98. Precision Drilling has a 52-week low of C$51.38 and a 52-week high of C$109.20. The business has a fifty day moving average of C$68.61 and a two-hundred day moving average of C$80.71.

Insider Buying and Selling at Precision Drilling

In related news, Director Carey Thomas Ford sold 5,108 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of C$77.66, for a total transaction of C$396,686.26. Also, Senior Officer Veronica H. Foley sold 3,393 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of C$77.66, for a total value of C$263,499.70. 2.12% of the stock is owned by corporate insiders.

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.