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

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Analysts at Raymond James issued their FY2028 EPS 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 earn $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.

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

Several other research analysts have also issued reports on the stock. Stifel Nicolaus raised their target price on shares of Precision Drilling from C$115.00 to C$125.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Royal Bank of Canada cut their price target on Precision Drilling from C$125.00 to C$122.00 in a research note on Friday, January 12th. TD Securities cut their price target on Precision Drilling from C$125.00 to C$115.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. CIBC boosted their price objective on shares of Precision Drilling from C$110.00 to C$130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Finally, ATB Capital boosted their price objective on shares of Precision Drilling from C$125.00 to C$126.00 in a research report on Monday, April 8th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Precision Drilling presently has a consensus rating of “Buy” and an average target price of C$127.09.

Precision Drilling Trading Up 1.3 %

PD opened at C$100.24 on Monday. The stock has a market capitalization of C$1.45 billion, a PE ratio of 5.13, a PEG 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 firm has a 50-day moving average price of C$90.31 and a two-hundred day moving average price of C$82.36.

Insider Buying and Selling at Precision Drilling

In other news, Director Carey Thomas Ford sold 3,756 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of C$62.16, for a total transaction of C$233,472.96. In other news, Director Carey Thomas Ford sold 3,756 shares of the company’s 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 value of C$233,472.96. Also, Senior Officer Veronica H. Foley sold 1,763 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total transaction of C$109,711.49. Over the last quarter, insiders have sold 21,373 shares of company stock valued at $1,329,227. 1.32% of the stock is currently owned by insiders.

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 through Contract Drilling Services and Completion and Production Services segments.