Precision Drilling Co. to Post FY2022 Earnings of ($0.12) Per Share, Stifel Firstegy Forecasts (TSE:PD)

Precision Drilling Co. (TSE:PDGet Rating) (NYSE:PDS) – Research analysts at Stifel Firstegy lowered their FY2022 earnings estimates for shares of Precision Drilling in a report released on Tuesday, January 17th. Stifel Firstegy analyst C. Pereira now forecasts that the company will post earnings per share of ($0.12) for the year, down from their prior estimate of $0.27. The consensus estimate for Precision Drilling’s current full-year earnings is $16.16 per share.

Precision Drilling (TSE:PDGet Rating) (NYSE:PDS) last announced its quarterly earnings data on Thursday, October 27th. The company reported C$2.03 earnings per share for the quarter, topping the consensus estimate of C$1.41 by C$0.62. The company had revenue of C$429.34 million for the quarter, compared to analyst estimates of C$416.80 million.

Several other research analysts have also commented on PD. ATB Capital lifted their price target on shares of Precision Drilling from C$140.00 to C$174.00 in a report on Wednesday, January 4th. TD Securities lifted their price target on shares of Precision Drilling from C$135.00 to C$145.00 and gave the company a “buy” rating in a report on Friday, October 28th. BMO Capital Markets reaffirmed a “buy” rating and issued a C$175.00 price target (up from C$155.00) on shares of Precision Drilling in a report on Friday, January 6th. Piper Sandler assumed coverage on shares of Precision Drilling in a research report on Friday, October 7th. They issued a “buy” rating and a C$74.00 price objective on the stock. Finally, Raymond James lifted their price objective on shares of Precision Drilling from C$115.00 to C$140.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 1st. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$142.90.

Precision Drilling Price Performance

Shares of PD stock opened at C$114.50 on Friday. The firm has a market cap of C$1.55 billion and a P/E ratio of -8.26. The company has a debt-to-equity ratio of 106.18, a current ratio of 1.45 and a quick ratio of 1.36. Precision Drilling has a 1-year low of C$47.13 and a 1-year high of C$116.60. The firm has a fifty day moving average of C$104.88 and a two-hundred day moving average of C$90.36.

Precision Drilling Company Profile

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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.

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Earnings History and Estimates for Precision Drilling (TSE:PD)

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