Raymond James Weighs in on Precision Drilling Co.’s FY2028 Earnings (TSE:PD)

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Equities research analysts at Raymond James issued their FY2028 earnings estimates for Precision Drilling in a note issued to investors on Friday, April 26th. Raymond James analyst M. Barth anticipates that the company will post earnings of $20.16 per share for the year. Raymond James has a “Strong-Buy” rating and a $136.00 price target on the stock. The consensus estimate for Precision Drilling’s current full-year earnings is $8.62 per share.

Precision Drilling (TSE:PD) (NYSE:PDS) last released its quarterly earnings data on Thursday, April 25th. The company reported C$2.53 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.73 by C($0.20). Precision Drilling had a return on equity of 20.61% and a net margin of 14.93%. The company had revenue of C$527.79 million for the quarter, compared to analyst estimates of C$539.50 million.

A number of other equities analysts have also weighed in on the stock. CIBC lifted their price objective on shares of Precision Drilling from C$110.00 to C$130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Stifel Nicolaus boosted their target price on shares of Precision Drilling from C$115.00 to C$125.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Evercore decreased their target price on shares of Precision Drilling from C$142.00 to C$139.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Royal Bank of Canada decreased their target price on shares of Precision Drilling from C$125.00 to C$122.00 in a research report on Friday, January 12th. Finally, TD Securities decreased their target price on shares of Precision Drilling from C$125.00 to C$115.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Precision Drilling presently has an average rating of “Buy” and a consensus price target of C$127.09.

Precision Drilling Stock Performance

Shares of Precision Drilling stock opened at C$98.91 on Monday. The firm’s fifty day simple moving average is C$90.01 and its 200-day simple moving average is C$82.24. Precision Drilling has a 12 month low of C$56.42 and a 12 month high of C$104.90. The company has a debt-to-equity ratio of 62.97, a current ratio of 1.40 and a quick ratio of 1.36. The stock has a market capitalization of C$1.43 billion, a price-to-earnings ratio of 5.06, a PEG ratio of -3.24 and a beta of 2.92.

Insider Activity

In other news, Senior Officer Veronica H. Foley sold 1,763 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of C$62.23, for a total transaction of C$109,711.49. In other Precision Drilling news, Director Carey Thomas Ford sold 3,756 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of C$62.16, for a total value of C$233,472.96. Also, Senior Officer Veronica H. Foley sold 1,763 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total value of C$109,711.49. In the last three months, insiders sold 21,373 shares of company stock worth $1,329,227. 1.32% of the stock is currently 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.