Precision Drilling Co. (TSE:PD – Get Rating) (NYSE:PDS) – Analysts at Raymond James upped their FY2022 earnings per share estimates for shares of Precision Drilling in a research report issued on Thursday, July 28th. Raymond James analyst A. Bradford now forecasts that the company will earn $1.46 per share for the year, up from their prior forecast of $0.26. Raymond James has a “Strong-Buy” rating and a $130.00 price target on the stock. The consensus estimate for Precision Drilling’s current full-year earnings is $7.65 per share. Raymond James also issued estimates for Precision Drilling’s FY2023 earnings at $12.28 EPS.
PD has been the topic of several other reports. Royal Bank of Canada raised their price target on Precision Drilling from C$147.00 to C$156.00 in a research report on Thursday, July 7th. ATB Capital raised their price objective on Precision Drilling from C$130.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Friday, April 29th. Stifel Nicolaus raised their price objective on Precision Drilling from C$145.00 to C$150.00 in a research note on Thursday. BMO Capital Markets raised their price objective on Precision Drilling from C$130.00 to C$140.00 in a research note on Thursday. Finally, CIBC raised their price objective on Precision Drilling from C$82.50 to C$115.00 in a research note on Thursday, April 14th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$107.07.
Precision Drilling Stock Up 1.8 %
Precision Drilling (TSE:PD – Get Rating) (NYSE:PDS) last announced its quarterly earnings data on Thursday, April 28th. The company reported C($3.25) EPS for the quarter, missing analysts’ consensus estimates of C($1.01) by C($2.24). The business had revenue of C$351.34 million during the quarter, compared to analysts’ expectations of C$328.30 million.
Insider Buying and Selling
In related news, Senior Officer Darren Ruhr sold 1,176 shares of Precision Drilling stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of C$106.72, for a total transaction of C$125,508.13. Following the completion of the transaction, the insider now owns 18,567 shares in the company, valued at C$1,981,555.65.
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 in two segments, Contract Drilling Services; and Completion and Production Services.
- Use These To Find Your Stock’s Support and Resistance Levels
- Is Boeing Stock is Ready for Lift-Off ?
- Elon Musk is Out, But Should You Be In Twitter Stock?
- 3 Earnings Announcements That Could Surprise
- Twitter’s Up For Third Week In A Row: What’s Next For The Stock?
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for Precision Drilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Precision Drilling and related companies with MarketBeat.com's FREE daily email newsletter.