Raymond James Has Pessimistic View of TSE:PD FY2025 Earnings

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Raymond James decreased their FY2025 earnings per share estimates for shares of Precision Drilling in a report released on Wednesday, April 9th. Raymond James analyst M. Barth now expects that the company will post earnings per share of $9.15 for the year, down from their previous estimate of $12.28. Raymond James has a “Outperform” rating and a $124.00 price target on the stock. Raymond James also issued estimates for Precision Drilling’s FY2026 earnings at $11.31 EPS and FY2027 earnings at $15.39 EPS.

Several other equities research analysts have also issued reports on PD. Royal Bank of Canada reduced their target price on shares of Precision Drilling from C$121.00 to C$110.00 in a report on Friday, February 14th. TD Securities cut their target price on shares of Precision Drilling from C$100.00 to C$89.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Finally, CIBC decreased their price target on shares of Precision Drilling from C$115.00 to C$95.00 in a research note on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$113.71.

Precision Drilling Stock Up 1.2 %

PD stock opened at C$58.75 on Monday. The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.36 and a current ratio of 1.54. Precision Drilling has a fifty-two week low of C$51.38 and a fifty-two week high of C$109.20. The company has a market cap of C$836.02 million, a price-to-earnings ratio of 3.46, a P/E/G ratio of -3.24 and a beta of 2.76. The business’s 50-day moving average is C$67.67 and its two-hundred day moving average is C$80.26.

Insider Activity

In other Precision Drilling news, Director Carey Thomas Ford sold 5,108 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of C$77.66, for a total transaction of C$396,686.26. Also, Senior Officer Veronica H. Foley sold 3,393 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total transaction of C$263,499.70. Insiders own 2.12% of the company’s stock.

Precision Drilling Company Profile

Precision Drilling Corp is a leader in North American oil and gas services. It is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada. Its segments are Contract Drilling Services which is the majority key revenue generator and other segments include Completion and Production Services.