Raymond James Has Pessimistic View of TSE:PD FY2025 Earnings

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Analysts at Raymond James cut their FY2025 earnings estimates for shares of Precision Drilling in a research report issued on Tuesday, October 15th. Raymond James analyst M. Barth now expects that the company will post earnings of $17.32 per share for the year, down from their prior forecast of $18.68.

Several other research analysts have also issued reports on PD. BMO Capital Markets cut their target price on shares of Precision Drilling from C$140.00 to C$130.00 in a research note on Friday, October 4th. ATB Capital dropped their price objective on shares of Precision Drilling from C$123.00 to C$113.00 in a research note on Monday, September 23rd. Royal Bank of Canada raised 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 research note on Thursday, August 1st. CIBC raised their price objective on shares of Precision Drilling from C$130.00 to C$140.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, TD Securities dropped their price objective on shares of Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating on the stock in a research note on Tuesday, October 8th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$126.90.

Precision Drilling Stock Up 0.0 %

Shares of TSE PD opened at C$83.51 on Friday. The firm has a market cap of C$1.18 billion, a PE ratio of 5.21, a P/E/G ratio of -3.24 and a beta of 2.76. Precision Drilling has a 12-month low of C$67.46 and a 12-month high of C$109.20. The company’s fifty day simple moving average is C$90.23 and its 200 day simple moving average is C$94.39. The company has a quick ratio of 1.36, a current ratio of 1.51 and a debt-to-equity ratio of 56.37.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$1.44 earnings per share for the quarter, topping the consensus estimate of C($0.85) by C$2.29. Precision Drilling had a net margin of 11.71% and a return on equity of 15.01%. The company had revenue of C$429.21 million during the quarter, compared to analysts’ expectations of C$423.50 million.

Insider Buying and Selling

In related news, Senior Officer Veronica H. Foley sold 5,335 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$99.49, for a total transaction of C$530,779.18. In other news, Director David Williams sold 3,500 shares of Precision Drilling stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$100.01, for a total value of C$350,035.00. Also, Senior Officer Veronica H. Foley sold 5,335 shares of Precision Drilling stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$99.49, for a total transaction of C$530,779.18. 2.12% of the stock is currently 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.