Equities Analysts Set Expectations for PDS FY2026 Earnings

Precision Drilling Co. (NYSE:PDS) (TSE:PD) – Research analysts at Raymond James cut their FY2026 earnings estimates for shares of Precision Drilling in a note issued to investors on Wednesday, October 30th. Raymond James analyst M. Barth now expects that the oil and gas company will earn $14.03 per share for the year, down from their prior estimate of $14.39. The consensus estimate for Precision Drilling’s current full-year earnings is $6.37 per share. Raymond James also issued estimates for Precision Drilling’s FY2027 earnings at $10.92 EPS.

Several other equities research analysts have also commented on PDS. StockNews.com raised shares of Precision Drilling from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Piper Sandler lifted their price objective on shares of Precision Drilling from $95.00 to $112.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd.

Precision Drilling Stock Up 3.5 %

Shares of NYSE:PDS opened at $61.34 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.47. The stock’s 50-day moving average price is $63.93 and its 200-day moving average price is $68.01. The stock has a market capitalization of $862.44 million, a P/E ratio of 5.19 and a beta of 1.97. Precision Drilling has a 12-month low of $49.67 and a 12-month high of $79.07.

Institutional Trading of Precision Drilling

Several hedge funds have recently modified their holdings of PDS. Swiss National Bank raised its position in Precision Drilling by 6.3% during the first quarter. Swiss National Bank now owns 28,600 shares of the oil and gas company’s stock valued at $1,923,000 after acquiring an additional 1,700 shares in the last quarter. Aegis Financial Corp purchased a new position in shares of Precision Drilling during the first quarter worth about $6,124,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Precision Drilling by 27.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 29,549 shares of the oil and gas company’s stock valued at $1,989,000 after buying an additional 6,328 shares in the last quarter. National Bank of Canada FI increased its position in shares of Precision Drilling by 29.0% in the first quarter. National Bank of Canada FI now owns 711,047 shares of the oil and gas company’s stock valued at $50,886,000 after buying an additional 159,871 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Precision Drilling by 2,800.0% in the 2nd quarter. Blue Trust Inc. now owns 522 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 504 shares in the last quarter. 48.86% of the stock is owned by hedge funds and other institutional investors.

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.