What is Atb Cap Markets’ Forecast for TSE:PD Q4 Earnings?

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Stock analysts at Atb Cap Markets decreased their Q4 2024 earnings per share estimates for Precision Drilling in a research note issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now expects that the company will post earnings of $1.98 per share for the quarter, down from their prior estimate 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 subject of a number of other research reports. ATB Capital raised their price target on shares of Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday. 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. TD Securities cut their price objective on 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. Finally, 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. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$127.11.

Precision Drilling Stock Down 1.5 %

PD stock 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 price-to-earnings-growth ratio of -3.24 and a beta of 2.76. Precision Drilling has a 52 week low of C$68.92 and a 52 week high of C$109.20. The company has a quick ratio of 1.36, a current ratio of 1.51 and a debt-to-equity ratio of 56.37. The firm has a 50 day moving average of C$86.19 and a 200 day moving average of C$91.75.

Precision Drilling Company Profile

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.