FY2027 EPS Estimate for Precision Drilling Raised by Analyst

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Stock analysts at Raymond James lifted their FY2027 earnings estimates for Precision Drilling in a research report issued on Wednesday, October 30th. Raymond James analyst M. Barth now forecasts that the company will post earnings per share of $15.17 for the year, up from their previous forecast of $15.08.

Several other equities analysts have also recently issued reports on the company. TD Securities lowered their price objective 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. CIBC increased their price objective on Precision Drilling from C$130.00 to C$140.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. ATB Capital decreased their target price on Precision Drilling from C$123.00 to C$113.00 in a research report on Monday, September 23rd. BMO Capital Markets dropped their price target on shares of Precision Drilling from C$140.00 to C$130.00 in a report on Friday, October 4th. Finally, Royal Bank of Canada boosted their price objective on shares of Precision Drilling from C$122.00 to C$125.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Precision Drilling currently has a consensus rating of “Buy” and a consensus price target of C$126.90.

Precision Drilling Trading Up 3.0 %

TSE:PD opened at C$85.31 on Monday. Precision Drilling has a one year low of C$67.46 and a one year high of C$109.20. The company’s 50-day simple moving average is C$87.42 and its 200 day simple moving average is C$93.32. The firm has a market capitalization of C$1.20 billion, a P/E ratio of 5.33, a PEG ratio of -3.24 and a beta of 2.76. The company has a debt-to-equity ratio of 56.37, a current ratio of 1.51 and a quick ratio of 1.36.

Insider Transactions at Precision Drilling

In other news, Director David Williams sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$100.01, for a total transaction of C$350,035.00. In other news, Senior Officer Veronica H. Foley sold 5,335 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$99.49, for a total value of C$530,779.18. Also, Director David Williams sold 3,500 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$100.01, for a total value of C$350,035.00. Insiders own 2.12% of the company’s stock.

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.