FY2027 Earnings Forecast for PDS Issued By Atb Cap Markets

Precision Drilling Co. (NYSE:PDS) (TSE:PD) – Stock analysts at Atb Cap Markets issued their FY2027 earnings per share estimates for shares of Precision Drilling in a research report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed forecasts that the oil and gas company will post earnings per share of $8.80 for the year. The consensus estimate for Precision Drilling’s current full-year earnings is $6.29 per share.

Separately, Piper Sandler increased their price objective on shares of Precision Drilling from $95.00 to $112.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd.

Precision Drilling Trading Down 1.6 %

NYSE PDS opened at $60.35 on Friday. The firm has a 50 day simple moving average of $61.82 and a 200-day simple moving average of $66.41. The firm has a market cap of $849.12 million, a price-to-earnings ratio of 5.10 and a beta of 1.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.41 and a current ratio of 1.54. Precision Drilling has a one year low of $51.53 and a one year high of $79.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PDS. National Bank of Canada FI boosted its holdings in shares of Precision Drilling by 1.4% in the third quarter. National Bank of Canada FI now owns 726,284 shares of the oil and gas company’s stock valued at $44,740,000 after acquiring an additional 10,318 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Precision Drilling by 16.8% in the second quarter. Dimensional Fund Advisors LP now owns 201,625 shares of the oil and gas company’s stock valued at $14,182,000 after purchasing an additional 28,947 shares during the period. American Century Companies Inc. lifted its position in Precision Drilling by 8.0% in the second quarter. American Century Companies Inc. now owns 99,979 shares of the oil and gas company’s stock valued at $7,030,000 after purchasing an additional 7,436 shares during the period. Polar Asset Management Partners Inc. boosted its holdings in Precision Drilling by 111.1% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 68,600 shares of the oil and gas company’s stock valued at $4,226,000 after purchasing an additional 36,100 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Precision Drilling by 21.9% during the 3rd quarter. Franklin Resources Inc. now owns 63,114 shares of the oil and gas company’s stock worth $3,961,000 after purchasing an additional 11,331 shares during the period. 48.86% of the stock is currently 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.