FY2024 EPS Estimates for TSE:PD Raised by Atb Cap Markets

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Analysts at Atb Cap Markets raised their FY2024 earnings per share (EPS) estimates for shares of Precision Drilling in a report released on Wednesday, October 30th. Atb Cap Markets analyst W. Syed now anticipates that the company will post earnings per share of $8.64 for the year, up from their previous forecast of $8.63. Atb Cap Markets also issued estimates for Precision Drilling’s Q4 2024 earnings at $2.02 EPS, Q2 2025 earnings at $0.85 EPS, Q3 2025 earnings at $2.52 EPS, FY2025 earnings at $9.34 EPS, Q1 2026 earnings at $3.27 EPS, Q2 2026 earnings at $1.25 EPS, Q3 2026 earnings at $3.00 EPS and FY2026 earnings at $11.25 EPS.

Several other equities research analysts have also weighed in on PD. Royal Bank of Canada lifted their price target on Precision Drilling from C$122.00 to C$125.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. ATB Capital decreased their price target on Precision Drilling from C$123.00 to C$113.00 in a research note on Monday, September 23rd. CIBC boosted 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. TD Securities cut their price objective on Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating for the company in a report on Tuesday, October 8th. Finally, BMO Capital Markets cut their price objective on Precision Drilling from C$140.00 to C$130.00 in a report on Friday, October 4th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$126.90.

Precision Drilling Price Performance

PD opened at C$85.68 on Monday. The stock’s 50 day simple moving average is C$87.17 and its 200 day simple moving average is C$93.20. 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$67.46 and a 1 year high of C$109.20. The firm has a market cap of C$1.21 billion, a price-to-earnings ratio of 5.35, a PEG ratio of -3.24 and a beta of 2.76.

Insider Buying and Selling

In other Precision Drilling news, Director David Williams sold 3,500 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$100.01, for a total transaction of C$350,035.00. In related news, Director David Williams sold 3,500 shares of the firm’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. Also, Senior Officer Veronica H. Foley sold 5,335 shares of Precision Drilling stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$99.49, for a total value of C$530,779.18. 2.12% of the stock is owned by insiders.

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.