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Wall Street climbs, TSX declines amid earningsTSX rebounds, Wall Street choppyFlat Friday snaps 9-week streakThis summary was created by AI, based on 1 opinions in the last 12 months.
Experts are extremely bullish on Precision Drilling, citing its focus on maximizing free cashflow and de-leveraging. They anticipate a shift towards rewarding shareholders by Q2 of next year and highlight its non-depleting business and low-maintenance assets. With the backdrop of LNG Canada and good macro headwinds, the stock is projected to yield high free cashflow in the coming years. Although it currently offers no dividend, analysts are confident in its potential, with a target price of $177.
Energy is very cyclical. This will lose money when the economy is on the downturn. That happened a few years ago. Unless you are optimistic about oil prices, don't build a position.
In drilling services like SLB and Haliburton - a cyclical business. Buy only when out of favour.
Precision Drilling is a Canadian stock, trading under the symbol PD-T on the Toronto Stock Exchange (PD-CT). It is usually referred to as TSX:PD or PD-T
In the last year, 1 stock analyst published opinions about PD-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Precision Drilling.
Precision Drilling was recommended as a Top Pick by on . Read the latest stock experts ratings for Precision Drilling.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Precision Drilling In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Precision Drilling (PD-T) stock closed at a price of $91.13.
At an extremely attractive level. Focused on maximizing free cashflow and de-leveraging. Anticipates it meeting an inflection point of moving from using money to de-lever to using it to reward shareholders, by Q2 of next year.
(Analysts’ price target is $132.72)A non-depleting business, low-maintenance assets. Backdrop of LNG Canada, replenishing inventory, good macro headwinds. His numbers show 34% free cashflow yield next year, 36% the year after. His target is $177. No dividend.