Precision Drilling Co. to Post FY2028 Earnings of $20.16 Per Share, Raymond James Forecasts (TSE:PD)

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

A number of other brokerages have also recently weighed in on PD. BMO Capital Markets upped their price target on Precision Drilling from C$125.00 to C$130.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. CIBC increased their target price on Precision Drilling from C$110.00 to C$130.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. ATB Capital increased their target price on Precision Drilling from C$125.00 to C$126.00 in a research note on Monday, April 8th. TD Securities cut their target price on Precision Drilling from C$125.00 to C$115.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada cut their target price on Precision Drilling from C$125.00 to C$122.00 in a research note on Friday, January 12th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Precision Drilling has a consensus rating of “Buy” and an average target price of C$127.09.

Precision Drilling Stock Performance

PD opened at C$100.24 on Monday. The stock has a market cap of C$1.45 billion, a PE ratio of 5.13, a P/E/G ratio of -3.24 and a beta of 2.92. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 62.97. Precision Drilling has a 1 year low of C$56.42 and a 1 year high of C$104.90. The stock’s 50 day simple moving average is C$90.31 and its 200-day simple moving average is C$82.36.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its quarterly earnings results on Thursday, April 25th. The company reported C$2.53 EPS for the quarter, missing the consensus estimate of C$2.73 by C($0.20). The business had revenue of C$527.79 million during the quarter, compared to the consensus estimate of C$539.50 million. Precision Drilling had a return on equity of 20.61% and a net margin of 14.93%.

Insider Buying and Selling

In related news, Senior Officer Veronica H. Foley sold 7,878 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of C$62.16, for a total transaction of C$489,696.48. In related news, Director Carey Thomas Ford sold 7,976 shares of Precision Drilling 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$496,346.48. Also, Senior Officer Veronica H. Foley sold 7,878 shares of the firm’s 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$489,696.48. Over the last three months, insiders sold 21,373 shares of company stock worth $1,329,227. 1.32% of the stock is owned by corporate insiders.

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.