What is Atb Cap Markets’ Estimate for PDS FY2024 Earnings?

Precision Drilling Co. (NYSE:PDS) (TSE:PD) – Stock analysts at Atb Cap Markets lowered their FY2024 earnings estimates for Precision Drilling in a report issued on Wednesday, October 30th. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas company will earn $6.22 per share for the year, down from their prior forecast of $6.39. The consensus estimate for Precision Drilling’s current full-year earnings is $6.37 per share. Atb Cap Markets also issued estimates for Precision Drilling’s Q2 2025 earnings at $0.61 EPS and Q4 2025 earnings at $2.33 EPS.

Several other equities research analysts have also recently issued reports on the stock. Piper Sandler lifted 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. StockNews.com raised Precision Drilling from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

Precision Drilling Trading Down 1.3 %

Shares of PDS stock opened at $59.25 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.39 and a current ratio of 1.54. Precision Drilling has a 52-week low of $49.67 and a 52-week high of $79.07. The stock has a fifty day simple moving average of $63.93 and a two-hundred day simple moving average of $68.02. The firm has a market capitalization of $833.06 million, a PE ratio of 5.01 and a beta of 1.97.

Institutional Trading of Precision Drilling

Large investors have recently made changes to their positions in the business. Blue Trust Inc. increased its position in shares of Precision Drilling by 2,800.0% during 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 during the last quarter. US Bancorp DE grew its stake in Precision Drilling by 56.6% in the third quarter. US Bancorp DE now owns 603 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 218 shares in the last quarter. Signaturefd LLC increased its stake in shares of Precision Drilling by 32.6% during the second quarter. Signaturefd LLC now owns 1,384 shares of the oil and gas company’s stock valued at $97,000 after buying an additional 340 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Precision Drilling in the second quarter valued at about $210,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Precision Drilling by 14.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,270 shares of the oil and gas company’s stock worth $300,000 after acquiring an additional 545 shares during the period. 48.86% of the stock is currently owned by 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.