TSE:PD

Precision Drilling (PD.TO)

119.35
+3.35 (2.89%)
as of Jul 21, 2026, 8:00:00 pm Market Open.
186 watching
0
Investor Insights
star iconJul 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.

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Consensus
Positive
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Valuation
Undervalued
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Similar
EQT
BUY
Has a lot of drilling rigs in the oil service sector. She has been very bullish on this sector for the last 6 months. She is still buying.
HOLD
Similar chart to all the drillers. Went through a difficult time and has been successful since. He would prefer one of the other drillers, but hold it. Prefers TCW or Pheonix.
PAST TOP PICK
PAST TOP PICK
WEAK BUY
These stocks have not participated in the recovery. Prefers TCW.
DON'T BUY
Fairly significantly exposed to natural gas. 20% of their shallow rigs are not drilling. No dividend. Looks like it will be struggling for a while.
PAST TOP PICK
(A Top Pick Nov 11/09. Down 1.23%.) Sold his holdings.
DON'T BUY
Cardium, Monte frac and US frac plays have been very active but unfortunately, conventional wells have not been doing as well. Will depend on the commodity price.
COMMENT
This would be his preference in their sector because of their size, exposure to both the Canadian and US drilling markets. Will be a long time before it gets back to the $25-$30 level.
DON'T BUY
Not his favourite in the drilling. He would prefer the horizontal (fraqing) drillers. Generating decent cash flow. Less money is going into natural gas now.
SELL
Rig count peaked at 1600 and she thinks 900-1000 will be sufficient because horizontal drilling gives 3 or 4 times more production than vertical. Earnings are coming down. Could be a quick trade but she wouldn't hold it.
HOLD
Likes the drilling companies but we need a little more evidence of the global turnaround to really get going.
WEAK BUY
Doesn't think there is a lot of upside in this one. Cheap and can ultimately go higher but in the drilling sector you want to be in things that are growing fast such as fraqing and shallow drilling plays. Gives a decent yield and valuation is relatively cheap.
BUY
Oil service industry has not been robust in the last couple of years but going forward it should be in a better position. Likes it going forward for the long-term but would like it cheaper than what it is. If you have a three-year outlook, you could buy it today.
TOP PICK
Oil patch is coming back and natural gas prices are strengthening so the well drilling business is on its way back. Have great financing. Has another huge leg up in it.
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