TSE:PD FY2024 EPS Forecast Lowered by Atb Cap Markets

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Atb Cap Markets decreased their FY2024 EPS estimates for Precision Drilling in a report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now anticipates that the company will post earnings per share of $8.59 for the year, down from their prior forecast 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 research firms have also commented on PD. BMO Capital Markets reduced their price target on Precision Drilling from C$140.00 to C$130.00 in a research report on Friday, October 4th. ATB Capital upped their target price on shares of Precision Drilling from C$109.00 to C$123.00 in a research note on Tuesday, December 10th. TD Securities dropped their price target on shares of 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. Finally, Raymond James cut their price objective on shares of Precision Drilling from C$143.00 to C$142.00 in a report on Tuesday, October 15th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$127.11.

Precision Drilling Stock Down 1.5 %

PD opened at C$86.11 on Friday. The company has a market cap of C$1.22 billion, a PE ratio of 5.38, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76. The company has a debt-to-equity ratio of 56.37, a quick ratio of 1.36 and a current ratio of 1.51. Precision Drilling has a 1 year low of C$68.92 and a 1 year high of C$109.20. The firm has a 50 day moving average price of C$86.19 and a 200 day moving average price of C$91.71.

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.