TSE:PD

Precision Drilling (PD.TO)

110.18
-2.07 (1.84%)
as of Jun 26, 2026, 8:00:00 pm Market Open.
186 watching
0
Investor Insights
star iconJun 26, 2026, 12:00 am

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

Precision Drilling (PD-T) is perceived positively by experts, particularly given the rising activity in the oil sector, which is expected to lead to a pricing increase of 5-10% in the coming years. One expert highlighted that with the current positive trajectory, pure-play oil producers stand out as the most promising investment vehicles, foreseeing significant appreciation for well-managed companies like Precision Drilling. Additionally, a recent rally in stock prices may be attributed to the upcoming sanctioning of the LNG Canada project. With the company achieving its debt targets, a strategic pivot toward returning capital to shareholders, coupled with a compelling free cash flow yield, paints a positive outlook for investors. Overall, while shares show potential, some experts advise caution, suggesting a wait-and-see approach may be prudent given the current market conditions.

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Consensus
Positive
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Valuation
Undervalued
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Noble, NE
HOLD
This is around the time of year when gas/oil services stocks bottom out. Moving into Sept, Oct and Nov these will come back to life. Great company.
HOLD
(Market Call Minute.) Well-managed. Biggest driller in Canada. Caught in a cyclical downdraft.
COMMENT
Well run company. Cyclical. You could buy it at these levels but alternatives that do pay dividend would be Canelson Drilling (CDI-T) or Western Energy Services (WRG-T). They also both have the newest, efficient, low-cost rigs.
WAIT
He is more concerned about the turn of natural gas because when that happens, the drillers are going to have some pretty good moves. Keep it on your radar screen but it is too early right now.
DON'T BUY
(Market Call Minute) Look for something with good off shore capabilities.
HOLD
(Market Call Minute.) Most of the oil/gas service stocks are facing a challenge. Stock ranks in the middle of his database.
COMMENT
There is a lot of nervousness around oil fields services and drillers in particular. The gas price obviously does not help. Also the oil drilling cycle is coming to an end. Be careful.
BUY ON WEAKNESS
(Market Call Minute.) Love the name longer-term. This is a trading stock, not in investing stock. Thinks you will see this below $7 at which point it would be a table pounding Buy.
BUY
Likes it. Prospects for drillers will be particularly strong. Have been upgrading their drilling fleet. Day rates are going up for the rigs that they have. They are at a reasonable multiple. One of the larger public drillers that you can buy in Canada.
WATCH
Prospect is good but short-term headwinds. Poor Nat Gas prices short term, impacting cash flow of many companies. There is a strong perception that there will be cuts in cap-x spending later in the year. Watch it for a quarter of two.
BUY
Drillers are starting to recover a little bit. Had a rough January when the natural gas price dropped so dramatically. Stock has been coming back since then. They've moved aggressively into the US, which have more oil/gas opportunities for them. (Be his 1st pick.)
BUY
(Market Call Minute.) Has a lot of brand-new rigs and is a leader in its space.
BUY
There is a large cutback in the natural gas drilling which has had an effect on the stock price. Represents pretty good value at under $10 and could be well up in the mid teens in the next few years.
BUY
Has pulled back significantly in price and represents extremely good value. Expects to see drilling activity pick up over the next 6 months or so. Day rates are getting better for drilling equipment.
COMMENT
Likes the overall trend in terms of a pickup in activity and how this company plays into it but more of a fan on pure service companies rather than the drillers because of the needs for fracing as opposed to drilling. Well-positioned.
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