Equities Analysts Offer Predictions for PDS Q1 Earnings

Precision Drilling Co. (NYSE:PDS) (TSE:PD) – Investment analysts at Atb Cap Markets dropped their Q1 2026 earnings per share (EPS) estimates for shares of Precision Drilling in a research report issued to clients and investors on Thursday, April 24th. Atb Cap Markets analyst W. Syed now expects that the oil and gas company will earn $1.36 per share for the quarter, down from their prior estimate of $1.48. 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 FY2026 earnings at $3.97 EPS, Q1 2027 earnings at $1.61 EPS and FY2027 earnings at $4.76 EPS.

PDS has been the subject of several other reports. StockNews.com lowered shares of Precision Drilling from a “buy” rating to a “hold” rating in a report on Monday, March 24th. TD Securities cut Precision Drilling from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Raymond James cut Precision Drilling from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, April 9th.

Precision Drilling Stock Up 0.6 %

Shares of Precision Drilling stock opened at $43.45 on Monday. Precision Drilling has a 1 year low of $36.20 and a 1 year high of $79.07. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.48 and a quick ratio of 1.35. The company has a 50-day moving average of $44.89 and a 200 day moving average of $55.28. The firm has a market cap of $587.46 million, a price-to-earnings ratio of 8.08 and a beta of 1.53.

Precision Drilling (NYSE:PDS) (TSE:PD) last posted its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.04). Precision Drilling had a return on equity of 6.72% and a net margin of 5.87%. The firm had revenue of $345.41 million during the quarter, compared to the consensus estimate of $508.06 million.

Hedge Funds Weigh In On Precision Drilling

A number of hedge funds have recently added to or reduced their stakes in PDS. Aquatic Capital Management LLC bought a new stake in shares of Precision Drilling in the 4th quarter worth $71,000. Deutsche Bank AG bought a new stake in Precision Drilling in the 4th quarter worth about $85,000. Signaturefd LLC raised its position in Precision Drilling by 30.1% in the 4th quarter. Signaturefd LLC now owns 2,159 shares of the oil and gas company’s stock worth $132,000 after buying an additional 499 shares during the last quarter. Quantbot Technologies LP lifted its stake in 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 acquiring an additional 2,125 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Precision Drilling by 64.7% during the 4th quarter. Blue Trust Inc. now owns 3,298 shares of the oil and gas company’s stock valued at $203,000 after acquiring an additional 1,295 shares during the last quarter. 48.86% of the stock is currently owned by hedge funds and other institutional investors.

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.