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

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Daily Stock Opinions and Ratings

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

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

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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Precision Drilling (PD.TO)