Raymond James Has Negative Outlook of PDS FY2026 Earnings

Precision Drilling Co. (NYSE:PDS) (TSE:PD) – Analysts at Raymond James cut their FY2026 earnings per share estimates for Precision Drilling in a research note issued on Wednesday, October 30th. Raymond James analyst M. Barth now forecasts that the oil and gas company will post earnings of $14.03 per share for the year, down from their prior estimate of $14.39. The consensus estimate for Precision Drilling’s current full-year earnings is $6.37 per share. Raymond James also issued estimates for Precision Drilling’s FY2027 earnings at $10.92 EPS.

Several other research firms have also commented on PDS. StockNews.com upgraded shares of Precision Drilling from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Piper Sandler increased their price objective on shares of Precision Drilling from $95.00 to $112.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd.

Precision Drilling Stock Performance

Precision Drilling stock opened at $61.98 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 1.41. Precision Drilling has a 12 month low of $49.67 and a 12 month high of $79.07. The company has a market cap of $871.75 million, a price-to-earnings ratio of 5.24 and a beta of 1.97. The stock’s 50-day moving average is $63.67 and its 200-day moving average is $67.97.

Institutional Investors Weigh In On Precision Drilling

Large investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Precision Drilling during the 3rd quarter valued at about $472,000. US Bancorp DE raised its stake in shares of Precision Drilling by 56.6% during the third quarter. US Bancorp DE now owns 603 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 218 shares during the period. Signaturefd LLC lifted its position in shares of Precision Drilling by 19.9% during the third quarter. Signaturefd LLC now owns 1,660 shares of the oil and gas company’s stock worth $102,000 after purchasing an additional 276 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Precision Drilling by 283.7% in the third quarter. Blue Trust Inc. now owns 2,003 shares of the oil and gas company’s stock valued at $123,000 after purchasing an additional 1,481 shares during the period. Finally, Ritholtz Wealth Management grew its holdings in Precision Drilling by 51.9% during the 3rd quarter. Ritholtz Wealth Management now owns 16,193 shares of the oil and gas company’s stock valued at $998,000 after purchasing an additional 5,532 shares in the last quarter. Institutional investors and hedge funds own 48.86% of the company’s stock.

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.