FY2025 Earnings Forecast for TSE:PD Issued By Raymond James

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

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

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets decreased their target price on shares of Precision Drilling from C$140.00 to C$130.00 in a research report on Friday, October 4th. ATB Capital decreased their price objective on Precision Drilling from C$123.00 to C$113.00 in a report on Monday, September 23rd. Royal Bank of Canada increased their target price on Precision Drilling from C$122.00 to C$125.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. CIBC lifted their price target on Precision Drilling from C$130.00 to C$140.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, TD Securities lowered their price objective on Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating for the company in a research report on Tuesday, October 8th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$126.90.

Precision Drilling Price Performance

PD opened at C$83.51 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.36 and a debt-to-equity ratio of 56.37. The stock has a market capitalization of C$1.18 billion, a P/E ratio of 5.21, a PEG ratio of -3.24 and a beta of 2.76. The stock has a 50-day moving average price of C$90.23 and a 200-day moving average price of C$94.39. Precision Drilling has a 12-month low of C$67.46 and a 12-month high of C$109.20.

Insider Activity

In other Precision Drilling news, Director David Williams sold 3,500 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$100.01, for a total value of C$350,035.00. In other Precision Drilling 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 the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$99.49, for a total transaction of C$530,779.18. Company insiders own 2.12% of the company’s stock.

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.