Precision Drilling (PDS) Projected to Release Earnings on Tuesday

Precision Drilling (NYSE:PDS) (TSE:PD) will likely be issuing its Q2 2026 results after the market closes on Tuesday, July 28th. Analysts expect Precision Drilling to announce earnings of $0.3455 per share and revenue of $310.70 million for the quarter. Interested persons can find conference call details on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Wednesday, July 29, 2026 at 1:00 PM ET.

Precision Drilling Trading Up 0.1%

Shares of PDS stock opened at $84.68 on Monday. The company has a market capitalization of $1.09 billion, a PE ratio of -90.09 and a beta of 0.76. Precision Drilling has a 52-week low of $51.63 and a 52-week high of $103.80. The business’s fifty day moving average is $86.88 and its 200 day moving average is $87.66. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.52 and a current ratio of 1.70.

Analysts Set New Price Targets

Several analysts have weighed in on PDS shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Precision Drilling in a report on Friday, May 1st. Weiss Ratings lowered shares of Precision Drilling from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. BMO Capital Markets reissued an “outperform” rating on shares of Precision Drilling in a report on Thursday, April 30th. TD Securities reaffirmed a “hold” rating on shares of Precision Drilling in a report on Friday, May 1st. Finally, Zacks Research lowered shares of Precision Drilling from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.33.

Institutional Investors Weigh In On Precision Drilling

Several institutional investors have recently bought and sold shares of the stock. Invesco Ltd. grew its position in Precision Drilling by 5.5% during the 4th quarter. Invesco Ltd. now owns 9,614 shares of the oil and gas company’s stock worth $691,000 after acquiring an additional 502 shares during the last quarter. Vident Advisory LLC purchased a new stake in shares of Precision Drilling during the fourth quarter valued at approximately $222,000. Mackenzie Financial Corp grew its holdings in shares of Precision Drilling by 45.9% in the fourth quarter. Mackenzie Financial Corp now owns 21,784 shares of the oil and gas company’s stock worth $1,566,000 after purchasing an additional 6,854 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of Precision Drilling in the fourth quarter worth $322,000. Finally, XTX Topco Ltd raised its holdings in Precision Drilling by 55.1% during the 4th quarter. XTX Topco Ltd now owns 10,035 shares of the oil and gas company’s stock valued at $721,000 after buying an additional 3,563 shares during the last quarter. 48.86% of the stock is currently owned by hedge funds and other institutional investors.

About Precision Drilling

Precision Drilling Corporation (NYSE: PDS) is a Calgary, Alberta–based oilfield services company that has provided drilling solutions since its founding in 1951. With more than seven decades of industry experience, the company delivers contract drilling services, directional and horizontal drilling, well servicing, and a suite of specialized equipment designed to meet the evolving needs of exploration and production companies worldwide.

The company’s core business activities include operating a fleet of onshore drilling rigs, offering managed pressure drilling, measurement-while-drilling (MWD) and logging-while-drilling (LWD) services, and providing completion and workover rigs.