TSE:PD FY2024 EPS Forecast Decreased by Atb Cap Markets

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Investment analysts at Atb Cap Markets decreased their FY2024 EPS estimates for shares of Precision Drilling in a report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now anticipates that the company will earn $8.59 per share for the year, down from their previous forecast of $8.64. Atb Cap Markets also issued estimates for Precision Drilling’s Q3 2026 earnings at $3.04 EPS and FY2027 earnings at $12.46 EPS.

Other analysts have also recently issued reports about the stock. ATB Capital upped their price target on shares of Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday. TD Securities lowered their target price on Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating for the company in a research note on Tuesday, October 8th. Raymond James reduced their price target on Precision Drilling from C$143.00 to C$142.00 in a research report on Tuesday, October 15th. Finally, BMO Capital Markets dropped their price objective on shares of Precision Drilling from C$140.00 to C$130.00 in a research note on Friday, October 4th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$127.11.

Precision Drilling Stock Performance

TSE PD opened at C$87.42 on Friday. The company has a debt-to-equity ratio of 56.37, a current ratio of 1.51 and a quick ratio of 1.36. Precision Drilling has a 1-year low of C$67.46 and a 1-year high of C$109.20. The firm has a market capitalization of C$1.23 billion, a P/E ratio of 5.46, a P/E/G ratio of -3.24 and a beta of 2.76. The business’s 50-day simple moving average is C$86.17 and its 200-day simple moving average is C$91.82.

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.