TSE:PD FY2024 EPS Forecast Reduced by Atb Cap Markets

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Research analysts at Atb Cap Markets decreased their FY2024 earnings per share estimates for Precision Drilling in a research report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now expects that the company will post earnings of $8.59 per share for the year, down from their previous estimate of $8.64. Atb Cap Markets also issued estimates for Precision Drilling’s Q3 2026 earnings at $3.04 EPS and FY2027 earnings at $12.46 EPS.

Several other equities research analysts have also recently weighed in on PD. TD Securities reduced their price objective on 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 dropped their target price on Precision Drilling from C$140.00 to C$130.00 in a research report on Friday, October 4th. ATB Capital boosted their target price on Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday. Finally, Raymond James dropped their target price on Precision Drilling from C$143.00 to C$142.00 in a research report on Tuesday, October 15th. Eight 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, Precision Drilling presently has a consensus rating of “Buy” and an average target price of C$127.11.

Precision Drilling Trading Down 1.5 %

Shares of TSE PD opened at C$86.11 on Friday. The business’s 50 day moving average is C$86.19 and its two-hundred day moving average is C$91.75. The company has a debt-to-equity ratio of 56.37, a current ratio of 1.51 and a quick ratio of 1.36. Precision Drilling has a 1-year low of C$68.92 and a 1-year high of C$109.20. The stock has a market capitalization of C$1.22 billion, a P/E ratio of 5.38, a PEG 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.