Atb Cap Markets Issues Negative Outlook for TSE:PD Earnings

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Analysts at Atb Cap Markets dropped their Q4 2024 earnings per share (EPS) estimates for Precision Drilling in a research note issued to investors 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 previous forecast 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.

Several other analysts have also issued reports on PD. TD Securities dropped their price target 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. BMO Capital Markets cut their price objective on Precision Drilling from C$140.00 to C$130.00 in a report on Friday, October 4th. 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. Finally, ATB Capital boosted their price objective on shares of Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday. Eight research 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, the stock presently has an average rating of “Buy” and a consensus target price of C$127.11.

Precision Drilling Stock Performance

PD stock opened at C$87.42 on Thursday. The business has a 50 day moving average of C$86.17 and a 200-day moving average of C$91.82. 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 has a 12-month low of C$67.46 and a 12-month high of C$109.20. The firm has a market cap of C$1.23 billion, a PE ratio of 5.46, a P/E/G ratio of -3.24 and a beta of 2.76.

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.