FY2027 Earnings Forecast for PDS Issued By Atb Cap Markets

Precision Drilling Co. (NYSE:PDS) (TSE:PD) – Atb Cap Markets issued their FY2027 earnings per share (EPS) estimates for shares of Precision Drilling in a research note issued to investors on Tuesday, December 10th. Atb Cap Markets analyst W. Syed forecasts that the oil and gas company will post earnings per share of $8.80 for the year. The consensus estimate for Precision Drilling’s current full-year earnings is $6.29 per share.

Separately, Piper Sandler boosted their price target on shares of Precision Drilling from $95.00 to $112.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd.

Precision Drilling Stock Performance

Shares of NYSE PDS opened at $61.33 on Friday. The firm has a market capitalization of $862.91 million, a price-to-earnings ratio of 5.18 and a beta of 1.96. Precision Drilling has a one year low of $49.67 and a one year high of $79.07. The business has a fifty day simple moving average of $61.91 and a 200 day simple moving average of $66.48. The company has a current ratio of 1.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.47.

Institutional Investors Weigh In On Precision Drilling

A number of institutional investors have recently added to or reduced their stakes in PDS. Polar Asset Management Partners Inc. grew its position in Precision Drilling by 111.1% in the third quarter. Polar Asset Management Partners Inc. now owns 68,600 shares of the oil and gas company’s stock valued at $4,226,000 after acquiring an additional 36,100 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Precision Drilling by 16.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 201,625 shares of the oil and gas company’s stock valued at $14,182,000 after purchasing an additional 28,947 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Precision Drilling by 31.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 57,949 shares of the oil and gas company’s stock valued at $4,073,000 after purchasing an additional 13,749 shares in the last quarter. Nicola Wealth Management LTD. grew its holdings in shares of Precision Drilling by 75.0% in the 2nd quarter. Nicola Wealth Management LTD. now owns 28,000 shares of the oil and gas company’s stock worth $1,970,000 after purchasing an additional 12,000 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Precision Drilling by 21.9% during the 3rd quarter. Franklin Resources Inc. now owns 63,114 shares of the oil and gas company’s stock worth $3,961,000 after purchasing an additional 11,331 shares in the last quarter. 48.86% of the stock is owned by institutional investors and hedge funds.

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.