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

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Daily Stock Opinions and Ratings

Precision Drilling (PD.TO)

119.35

+3.35 (2.89%)

as of Jul 21, 2026, 8:00:00 pm Market Open.

186 watching

Investor Insights

Jul 21, 2026, 12:00 am

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

Experts highlight the promising future of Precision Drilling (PD-T) due to a resurgence in oil activity, anticipating a price increase of 5-10% leading into 2027. The company is deemed well-run, with a strong emphasis on pure-play oil production, which is expected to outperform. Recent developments, such as the sanctioning of LNG Canada, may have contributed to a rally in the stock's value. With achieved debt targets, Precision Drilling plans to return 50% of capital to shareholders, demonstrating confidence in its operations and generating a compelling 20% free cash flow yield. While there are positive indications, experts believe it might not be the right time for service stocks overall, despite encouraging spreadsheet metrics.

Consensus

Positive

Valuation

Undervalued

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DON'T BUY

Fantastic company with a terrific suite of assets. Doing very well in this environment with all the drilling for natural gas. Have concerns about where natural gas is going in the future. Reserves are off the charts, storage is off the charts and the price is low. Too volatile a sector for him.

TOP PICK

Tremendous amount of confusion and misinformation on spending for 2012. Also concern about margin erosion in the US. Even in the worst case scenario the stock is more than discounting this. Trading at 4.3X cash flow while the historical is 5 to 9 with a long-term average of 6.5. If you knock it down to 6, it is a $17 stock. Strongly good balance sheet.

DON'T BUY

A leader in oil/gas drilling in North America. Feels that oil prices will be dropping. There will be another cycle to own the drillers. They will start to bottom before oil and that will be the time to buy.

BUY

Service weighting in his fund is now 17%. Market has pummelled this area. CEO is seeing no slowdown in business. Trades at 4.1X 2012 EBITDA where the historical average is 6.1X.

BUY

North American drillers? He would suggest 2. Precision Drilling (PD-T) and Trinidad (TDG-T). Both have moved a significant number of ratings down into the US in the last 2 years. This one has less risk exposure.

WAIT

Very strong seasonality. Period of strength is usually from the end of January to around May of each year.

BUY

Has been adding to his drillers at these prices. Valuation of the Canadian stocks is at a big discount to the US. With oil in the current range, drilling activities are still taking place.

BUY ON WEAKNESS

This is the rig side of drilling in he is more interested in the fracers and pressure pumpers now i.e. the specialty drillers. These would include Calfrac (CFW-T) and Trican (TCW-T), especially on pullbacks.

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HOLD

All the drillers have been moving strongly. This sector looks really good right now. He prefers the fracing drillers more.

BUY

Rank very high in earnings momentum. Since April on, it has been trading in the channel of $13-$15. Currently it looks like it is getting ready to break out.

HOLD

As quality of reserves and discoveries goes down, explorers and producers need better technology and more sophisticated ways of accessing their discoveries.

PARTIAL SELL

Seems to be trading in a range of between $13 and $15. Doesn't show a lot of signs of life and volume is very low. If you own, now is the time you should consider taking profits. Wait for $14.90-$15 before going into it.

COMMENT

Oil service stocks have been leaders of the energy sector and still are. Has had an A B C correction that is now completed and the sector should work higher. Still above the 200-day. You want it take out the previous highs. Watch the other drillers to make sure they are moving too.

BUY

Good company and there is a lot of drilling going on. There are a lot of drill rigs out there. If oil continues to go down, there will be a slowdown in drilling. Feels oil is a little soft right now and it will probably head back over $100, so oil service firms are not a bad way to play this.

COMMENT

Has done a lot better this year. Some of the traditional drilling companies lagged last year. Companies doing the fracing work had the fastest growth and this has now broadened out to others in the industry. Going forward he would prefer owning the fracing companies such as Trican (TCW-T) or Calfrac (CFW-T).

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Precision Drilling (PD.TO)