Eos Energy stock falls after Fuzzy Panda issues short report
Investing.com - Piper Sandler has raised its price target on Precision Drilling (NYSE:PDS) to $79.00 from $74.00 while maintaining an Overweight rating on the stock. According to InvestingPro analysis, the stock appears undervalued, with strong financial health metrics and a "GREAT" overall score of 3.15/5.
The research firm cited continued momentum in both U.S. and Canadian operations as key factors behind the price target increase. Precision Drilling delivered solid results with strong daily margins in both markets, reflected in its healthy 33.6% gross profit margin and $363.7 million in EBITDA over the last twelve months.
The company has also achieved further debt reduction, meeting its $100 million target for 2025, according to Piper Sandler’s analysis of the earnings report. The company maintains a conservative debt profile with a total debt-to-capital ratio of 0.4.
Looking ahead, Precision Drilling’s implied fourth-quarter 2025 guidance exceeded street expectations. Management anticipates Canada will meet or exceed last year’s winter drilling season performance.
The company expects its average U.S. rig count to reach the upper 30s, with the current rig count standing at 40, Piper Sandler noted in its assessment.
In other recent news, Precision Drilling Corporation reported its third-quarter earnings for 2025, revealing a notable earnings miss. The company posted an earnings per share (EPS) of -$0.51, significantly below the anticipated $1.48, resulting in a negative surprise of 134.46%. Revenue also fell short, coming in at $462.25 million compared to the expected $465.63 million. These results are part of the recent developments surrounding Precision Drilling. While the earnings and revenue figures did not meet market expectations, the company’s stock experienced a rise during the trading session. This earnings report is a key focus for investors evaluating the company’s financial performance. Analyst firms may adjust their outlooks based on these results. Investors will be closely monitoring any further updates from Precision Drilling.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.