Atb Cap Markets Has Bearish Outlook for TSE:PD Q1 Earnings

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Equities researchers at Atb Cap Markets reduced their Q1 2026 earnings per share estimates for shares of Precision Drilling in a research note issued on Thursday, April 24th. Atb Cap Markets analyst W. Syed now expects that the company will earn $1.89 per share for the quarter, down from their prior 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.

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

Precision Drilling Stock Performance

TSE:PD opened at C$60.05 on Monday. The company has a market cap of C$854.52 million, a price-to-earnings ratio of 3.53, a PEG ratio of -3.24 and a beta of 2.76. The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.36 and a current ratio of 1.54. Precision Drilling has a fifty-two week low of C$51.38 and a fifty-two week high of C$109.20. The stock has a fifty day moving average price of C$64.09 and a 200-day moving average price of C$78.64.

Insider Buying and Selling at Precision Drilling

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

About Precision Drilling

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.