Atb Cap Markets Brokers Reduce Earnings Estimates for TSE:PD

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Atb Cap Markets lowered their Q1 2026 EPS estimates for Precision Drilling in a research report issued on Thursday, April 24th. Atb Cap Markets analyst W. Syed now anticipates that the company will earn $1.89 per share for the quarter, down from their previous forecast of $2.11. Atb Cap Markets also issued estimates for Precision Drilling’s Q3 2026 earnings at $1.69 EPS, FY2026 earnings at $5.52 EPS, Q1 2027 earnings at $2.24 EPS and FY2027 earnings at $6.61 EPS.

A number of other brokerages also recently issued reports on PD. CIBC lowered their price target on shares of Precision Drilling from C$115.00 to C$95.00 in a report on Thursday, April 10th. BMO Capital Markets cut their price objective on Precision Drilling from C$100.00 to C$90.00 in a research report on Thursday, April 17th. Raymond James cut shares of Precision Drilling from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from C$141.00 to C$124.00 in a research report on Wednesday, April 9th. TD Securities cut their target price on Precision Drilling from C$89.00 to C$69.00 and set a “hold” rating on the stock in a research report on Wednesday, April 16th. Finally, Royal Bank of Canada lowered their price objective on shares of Precision Drilling from C$110.00 to C$89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$98.33.

Precision Drilling Stock Up 0.2 %

PD stock opened at C$60.05 on Monday. The firm’s fifty day simple moving average is C$64.09 and its 200-day simple moving average is C$78.64. The company has a market capitalization of C$854.52 million, a P/E ratio of 3.53, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36. Precision Drilling has a 12 month low of C$51.38 and a 12 month high of C$109.20.

Insider Transactions at Precision Drilling

In other news, Director Carey Thomas Ford sold 5,108 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total transaction of C$396,686.26. Also, Senior Officer Veronica H. Foley sold 3,393 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total transaction of C$263,499.70. Insiders own 2.12% of the company’s stock.

Precision Drilling Company Profile

Precision Drilling Corp is a leader in North American oil and gas services. It is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada. Its segments are Contract Drilling Services which is the majority key revenue generator and other segments include Completion and Production Services.