Precision Drilling (PD.TO) Buy, Sell or Hold

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Precision Drilling (PD.TO)

129.84

-7.49 (5.45%)

as of Jun 5, 2026, 8:00:00 pm Market Open.

187 watching

Investor Insights

Jun 6, 2026, 12:00 am

This summary was created by AI, based on 3 opinions in the last 12 months.

Experts are optimistic about Precision Drilling (PD-T) moving forward into 2027, noting that the increase in activity in the oil market suggests a potential price rise of 5-10%. They emphasize that pure play oil producers are the best investment choice given current market conditions. The stock has shown a significant rally, potentially driven by the sanctioning of LNG Canada and the company's achievement of its debt targets, leading to a strategic pivot towards returning 50% of capital to shareholders. Furthermore, it's worth noting that Precision Drilling's free cash flow yield is projected to be around 20% next year while also implementing a buyback of 10% of its shares. Although the current spreadsheet calculations appear positive, some experts feel it's still not the right time to invest in service stocks given the cyclical nature of the industry.

Consensus

Positive

Valuation

Undervalued

Similar

SLB

HOLD

Ok value wise. Can’t rule out retesting the lows from the summer. They are executing well. He likes the drilling space. They are levered to what oil and Nat. gas prices are doing and so will bounce around. When they get to resistance, take some money off the table.

PAST TOP PICK

(Top Pick Nov 30/11, Down 40.54%) sold it and then bought it back. Decent balance sheet but he wouldn’t be getting aggressive at buying it yet.

BUY

(Market Call Minute.) Given the active oil and gas exploration in the US, this will ultimately bode well for drilling.

BUY

Oil/gas service stocks have been hit pretty hard again as an extension of the weak oil market. (See Top Picks.)

BUY

Very good buy. Operating rates have been a bit lower but there has been some firming up in the day rates. Has potential for some positive gains over the next few years. Drilling activity will pick up. Well exposed in the US and Canada.

WATCH

With all the drillers being in the tank, they are trading quite cheap. Doesn’t think it is time to spring yet. Going into 2013, he would like to see natural gas move back up to $3.50 level plus and oil back up to $95-$100 with the hope that these prices would stick.

COMMENT

(Market Call Minute.) Has bought in the last 2-3 months and will continue to hold.

HOLD

One of the leading oil/gas drilling companies in Canada. Have a big US business now making them at bit more diversified. There is been some concern with the pullback in oil and weak gas prices. Good long-term company to hold.

DON'T BUY

Have been beaten up and in fact he was hoping they would go lower. What we are finally seeing is separation between the dividend payers and the rest. He is looking at more of a pull back short term.

COMMENT

Rather than leaning towards the drillers, he prefers some of the technology companies within the drilling space such as Pason Systems (PSI-T) or Computer Modeling Group (CMG-T). These companies have a lower beta then the drillers but are still tied to that end industry.

COMMENT

Doesn't have the dividend, but it does have a bond that yields about 7% that you could buy. Thinks the stock is good for a trade. All drillers have been beaten up a lot. He would prefer Western Energy Services (WRG-T) which is the most modern drilling fleet in Canada.

HOLD

Very cheap. In a down market, the highest Beta companies are service ones because if commodity prices are decreasing, people are fearful that CapX plans are going to be cut. Balance sheet looks really good.

TOP PICK

Oil prices have dropped precipitously recently. Investors have feared CapX budgets would be cut back and drilling activity would become less but beginning to see day rates stabilize a little. Should be good capital appreciation over the next couple of years.

DON'T BUY

It’s a tough business. Spring breakup was bad. Drilling for Nat Gas was poor. Book value is not far from where we are. You want to own it in the long term. You may see a price below $5

WAIT

Wait. There are several catalysts over the next 6 months including Europe and the US. It’ll probably be cheaper. Once things turn, this will take off, particularly the drillers.

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Precision Drilling (PD.TO)