Q3 EPS Estimate for Precision Drilling Lowered by Analyst

Precision Drilling Corporation (NYSE:PDS) (TSE:PD) – Research analysts at Atb Cap Markets dropped their Q3 2025 earnings estimates for shares of Precision Drilling in a research note issued to investors on Tuesday, July 1st. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas company will earn $0.93 per share for the quarter, down from their previous estimate of $1.20. The consensus estimate for Precision Drilling’s current full-year earnings is $7.10 per share. Atb Cap Markets also issued estimates for Precision Drilling’s FY2025 earnings at $3.89 EPS, Q3 2026 earnings at $1.17 EPS and Q4 2026 earnings at $1.19 EPS.

Precision Drilling (NYSE:PDS) (TSE:PD) last issued its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.04). Precision Drilling had a return on equity of 6.51% and a net margin of 5.84%. The business had revenue of $345.41 million during the quarter, compared to analyst estimates of $508.06 million.

Several other equities research analysts have also commented on the company. Raymond James Financial lowered Precision Drilling from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, April 9th. Wall Street Zen lowered Precision Drilling from a “buy” rating to a “hold” rating in a research report on Monday, March 24th.

Precision Drilling Trading Down 0.6%

Precision Drilling stock opened at $50.54 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. Precision Drilling has a 12 month low of $36.20 and a 12 month high of $79.07. The stock’s 50 day simple moving average is $45.68 and its two-hundred day simple moving average is $50.12. The firm has a market cap of $674.66 million, a PE ratio of 10.05 and a beta of 1.06.

Institutional Investors Weigh In On Precision Drilling

Several hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new position in shares of Precision Drilling during the 1st quarter valued at approximately $45,000. Aquatic Capital Management LLC purchased a new position in shares of Precision Drilling during the 4th quarter valued at approximately $71,000. Deutsche Bank AG purchased a new position in shares of Precision Drilling during the 4th quarter valued at approximately $85,000. Signaturefd LLC lifted its position in shares of Precision Drilling by 30.1% during the 4th quarter. Signaturefd LLC now owns 2,159 shares of the oil and gas company’s stock valued at $132,000 after buying an additional 499 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of Precision Drilling by 1,741.8% during the 4th quarter. Quantbot Technologies LP now owns 2,247 shares of the oil and gas company’s stock valued at $137,000 after buying an additional 2,125 shares in the last quarter. Hedge funds and other institutional investors own 48.86% 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.