Precision Drilling (PDS) Projected to Post Earnings on Wednesday

Precision Drilling (NYSE:PDS) (TSE:PD) is projected to post its Q1 2026 results after the market closes on Wednesday, April 29th. Analysts expect Precision Drilling to post earnings of $1.87 per share and revenue of $374.0160 million for the quarter. Individuals can check the company’s upcoming Q1 2026 earning summary page for the latest details on the call scheduled for Thursday, April 30, 2026 at 1:00 PM ET.

Precision Drilling (NYSE:PDS) (TSE:PD) last announced its earnings results on Wednesday, February 11th. The oil and gas company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.26. The business had revenue of $349.37 million during the quarter, compared to the consensus estimate of $489.80 million. Precision Drilling had a return on equity of 4.12% and a net margin of 0.05%. On average, analysts expect Precision Drilling to post $6 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Precision Drilling Trading Down 0.0%

Shares of PDS stock opened at $95.11 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.62 and a quick ratio of 1.46. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -243.87 and a beta of 0.96. The stock has a 50 day simple moving average of $92.01 and a 200-day simple moving average of $76.13. Precision Drilling has a 1-year low of $39.67 and a 1-year high of $103.80.

Institutional Trading of Precision Drilling

Large investors have recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Precision Drilling during the third quarter worth approximately $54,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Precision Drilling during the first quarter worth approximately $45,000. US Bancorp DE increased its position in shares of Precision Drilling by 52.3% during the third quarter. US Bancorp DE now owns 1,188 shares of the oil and gas company’s stock worth $67,000 after purchasing an additional 408 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Precision Drilling during the second quarter worth approximately $57,000. Finally, Barclays PLC increased its position in shares of Precision Drilling by 18,030.0% during the fourth quarter. Barclays PLC now owns 1,813 shares of the oil and gas company’s stock worth $130,000 after purchasing an additional 1,803 shares in the last quarter. 48.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Weiss Ratings downgraded Precision Drilling from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, March 12th. Loop Capital set a $122.00 target price on Precision Drilling in a research note on Monday, March 2nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Precision Drilling in a research note on Thursday, February 12th. Zacks Research raised Precision Drilling from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Royal Bank Of Canada upped their target price on Precision Drilling from $124.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $122.33.

Precision Drilling Company Profile

Precision Drilling Corporation (NYSE: PDS) is a Calgary, Alberta–based oilfield services company that has provided drilling solutions since its founding in 1951. With more than seven decades of industry experience, the company delivers contract drilling services, directional and horizontal drilling, well servicing, and a suite of specialized equipment designed to meet the evolving needs of exploration and production companies worldwide.

The company’s core business activities include operating a fleet of onshore drilling rigs, offering managed pressure drilling, measurement-while-drilling (MWD) and logging-while-drilling (LWD) services, and providing completion and workover rigs.