Q4 Earnings Estimate for PDS Issued By Atb Cap Markets

Precision Drilling Co. (NYSE:PDS) (TSE:PD) – Equities researchers at Atb Cap Markets decreased their Q4 2024 earnings per share (EPS) estimates for Precision Drilling in a report released on Wednesday, October 30th. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas company will earn $1.45 per share for the quarter, down from their previous estimate of $1.90. 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 Q1 2025 earnings at $1.97 EPS, Q3 2025 earnings at $1.81 EPS, FY2025 earnings at $6.72 EPS, Q1 2026 earnings at $2.35 EPS, Q2 2026 earnings at $0.90 EPS, Q3 2026 earnings at $2.16 EPS and FY2026 earnings at $8.10 EPS.

PDS has been the subject of a number of other research reports. Piper Sandler upped their price objective on shares of Precision Drilling from $95.00 to $112.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. StockNews.com raised shares of Precision Drilling from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

Precision Drilling Price Performance

Precision Drilling stock opened at $59.25 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 1.39. The business has a 50 day simple moving average of $63.93 and a 200-day simple moving average of $68.01. Precision Drilling has a 12 month low of $49.67 and a 12 month high of $79.07. The stock has a market capitalization of $833.06 million, a PE ratio of 5.01 and a beta of 1.97.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its holdings in shares of Precision Drilling by 56.6% in the 3rd quarter. US Bancorp DE now owns 603 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 218 shares during the last quarter. Signaturefd LLC boosted its stake in Precision Drilling by 19.9% during the 3rd quarter. Signaturefd LLC now owns 1,660 shares of the oil and gas company’s stock valued at $102,000 after purchasing an additional 276 shares during the period. Blue Trust Inc. boosted its stake in Precision Drilling by 283.7% during the 3rd quarter. Blue Trust Inc. now owns 2,003 shares of the oil and gas company’s stock valued at $123,000 after purchasing an additional 1,481 shares during the period. Ritholtz Wealth Management boosted its stake in Precision Drilling by 51.9% during the 3rd quarter. Ritholtz Wealth Management now owns 16,193 shares of the oil and gas company’s stock valued at $998,000 after purchasing an additional 5,532 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Precision Drilling during the 2nd quarter valued at about $468,000. 48.86% of the stock is owned by hedge funds and other institutional investors.

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.