FY2026 Earnings Estimate for TSE:PD Issued By Raymond James

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Stock analysts at Raymond James decreased their FY2026 earnings estimates for shares of Precision Drilling in a research report issued to clients and investors on Thursday, April 24th. Raymond James analyst M. Barth now forecasts that the company will post earnings of $11.22 per share for the year, down from their prior estimate of $11.31. Raymond James has a “Outperform” rating and a $124.00 price objective on the stock. Raymond James also issued estimates for Precision Drilling’s FY2029 earnings at $18.40 EPS.

Several other analysts have also issued reports on the company. TD Securities cut their price target on Precision Drilling from C$89.00 to C$69.00 and set a “hold” rating for the company in a report on Wednesday, April 16th. BMO Capital Markets reduced their price target on shares of Precision Drilling from C$100.00 to C$90.00 in a research report on Thursday, April 17th. Royal Bank of Canada lowered their price target on Precision Drilling from C$110.00 to C$89.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. Finally, CIBC dropped their price objective on Precision Drilling from C$115.00 to C$95.00 in a report on Thursday, April 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Precision Drilling currently has a consensus rating of “Moderate Buy” and an average target price of C$98.33.

Precision Drilling Price Performance

TSE PD opened at C$60.05 on Monday. Precision Drilling has a 52 week low of C$51.38 and a 52 week high of C$109.20. The company has a 50-day moving average price of C$64.09 and a 200-day moving average price of C$78.64. The company has a quick ratio of 1.36, a current ratio of 1.54 and a debt-to-equity ratio of 51.98. The firm has a market capitalization of C$854.52 million, a P/E ratio of 3.53, a PEG ratio of -3.24 and a beta of 2.76.

Insiders Place Their Bets

In other news, Director Carey Thomas Ford sold 5,108 shares of the company’s stock in a transaction dated 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 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$263,499.70. 2.12% of the stock is owned by company insiders.

Precision Drilling Company Profile

Precision Drilling Corp is a leader in North American oil and gas services. It is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada. Its segments are Contract Drilling Services which is the majority key revenue generator and other segments include Completion and Production Services.