Precision Drilling (PDS) Expected to Release Earnings on Tuesday

Precision Drilling (NYSE:PDS) (TSE:PD) is projected to announce its Q2 2026 results after the market closes on Tuesday, July 28th. Analysts expect the company to announce earnings of $0.3455 per share and revenue of $310.70 million for the quarter. Interested persons can check the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Wednesday, July 29, 2026 at 1:00 PM ET.

Precision Drilling Stock Down 1.6%

Precision Drilling stock opened at $82.30 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 1.70 and a debt-to-equity ratio of 0.41. The firm has a market cap of $1.06 billion, a P/E ratio of -87.55 and a beta of 0.76. Precision Drilling has a twelve month low of $49.30 and a twelve month high of $103.80. The business has a fifty day moving average of $87.57 and a two-hundred day moving average of $87.30.

Hedge Funds Weigh In On Precision Drilling

Several large investors have recently made changes to their positions in PDS. FIL Ltd grew its holdings in Precision Drilling by 27,294.7% in the fourth quarter. FIL Ltd now owns 850,331 shares of the oil and gas company’s stock valued at $61,017,000 after purchasing an additional 847,227 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Precision Drilling by 24.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 483,937 shares of the oil and gas company’s stock worth $27,262,000 after buying an additional 96,339 shares during the period. Millennium Management LLC raised its stake in shares of Precision Drilling by 61.2% during the 4th quarter. Millennium Management LLC now owns 191,707 shares of the oil and gas company’s stock worth $13,773,000 after buying an additional 72,816 shares during the period. Bank of America Corp DE lifted its position in shares of Precision Drilling by 147.5% during the 3rd quarter. Bank of America Corp DE now owns 100,176 shares of the oil and gas company’s stock valued at $5,646,000 after buying an additional 59,706 shares in the last quarter. Finally, SIR Capital Management L.P. lifted its position in shares of Precision Drilling by 367.3% during the 3rd quarter. SIR Capital Management L.P. now owns 55,978 shares of the oil and gas company’s stock valued at $3,153,000 after buying an additional 44,000 shares in the last quarter. 48.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on PDS shares. Zacks Research lowered shares of Precision Drilling from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 1st. Weiss Ratings lowered Precision Drilling from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Precision Drilling in a research report on Thursday, April 30th. TD Securities reiterated a “hold” rating on shares of Precision Drilling in a research note on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Precision Drilling in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.