Precision Drilling Shares Surge 53% Quarterly as EPS Forecast Rises to $6.12
Precision Drilling's shares gained 53.25% over the past quarter and 59.92% over the past year, outpacing the S&P 500's 1.74% and 13.08% gains. Consensus full-year EPS estimate rose from $5.97 to $6.12 in 60 days as its Momentum Style Score stands at B and Zacks Rank is #2 (Buy).
1. Recent Price Performance
Precision Drilling shares have recorded a 0.21% gain over the past week compared with a 6.42% rise in the Oil and Gas - Drilling industry. Over one month shares rose 18.02% versus the industry’s 27.34% gain, climbed 53.25% in the last quarter and are up 59.92% year-to-date versus the S&P 500’s 1.74% and 13.08% gains, respectively.
2. Trading Volume Trends
Average daily volume for Precision Drilling over the past 20 days stands at 113,017 shares, providing a current price-to-volume baseline used to assess bullish or bearish momentum signals.
3. Earnings Estimate Revisions
In the past 60 days one full-year earnings estimate has been revised higher and none lower, lifting the consensus forecast from $5.97 to $6.12. A similar pattern has emerged for the next fiscal year with one upward revision and zero downward changes.
4. Momentum Style Score & Zacks Rank
Precision Drilling holds a Momentum Style Score of B and carries a Zacks Rank of #2 (Buy), reflecting strong recent price trends and positive estimate revision momentum.