TSE:PD

Precision Drilling (PD.TO)

123.74
-3.69 (2.90%)
as of Sep 4, 2026, 7:16:22 pm Market Open.
186 watching
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Investor Insights
star iconSep 4, 2026, 12:00 am

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

Precision Drilling (PD-T) is viewed positively by experts, who highlight a strong performance in the oil and natural gas sectors. There is optimism about pricing increasing by 5-10% as the activity in the space continues to rise, indicating a bullish outlook heading into 2027. The rally in the company's stock might be linked to favorable legislative changes, such as the sanctioning of LNG Canada, which suggests improved market conditions. Additionally, the company has successfully achieved its debt targets, allowing for a strategic pivot toward returning 50% of capital to shareholders, especially through stock buybacks. Overall, despite some experts noting a current lack of exposure to service stocks due to high trading multiples, they acknowledge that Precision Drilling is well-run and positioned well for future growth in U.S. natural gas markets.

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Consensus
Positive
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Valuation
Undervalued
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Similar
Noble,NBL
COMMENT
Did reasonably well in the last 7-8 months. A little bit of upside left to go. Good news is integration of Grey Wolf acquisition, updating its fleet with deeper rigs and have a lot of assets in the West. Has a little bit of room to go but he is sceptical about natural gas prices holding beyond the next few months.
BUY
Likes the oil/gas service sector and this is the largest public company. Sector has been ignored but with the pickup in natural gas this is a great way to play the resurgence.
SELL
(Market Call Minute.) Very poor potential. No income because they cut their pay out.
DON'T BUY
No longer pays distributions. Concerned about natural gas long-term and he is avoiding natural gas drilling stocks.
HOLD
(Market Call Minute.) Recovered somewhat. A lot of it is gas oriented. A hold at best.
HOLD
(Market Call Minute)
BUY
One of the largest land-based drillers. Half of their 450 drills are in use. Tremendous upside leverage in this company. Hopefully they will restore the dividend at some point. He is looking at buying it.
DON'T BUY
The key to this is when gas markets recover. An international company but still has a lot of drilling rigs in the Western Canadian basin, which is primarily gas. Until gas gets up in the $6-$7 range, there won't be a big influx of drilling.
DON'T BUY
If there were an upturn in drilling, there would be a marked improvement in the price of this. That's a big if and when. It won't happen this winter. Have moved into some of the major shale plays in the US.
SELL
(Market Call Minute) Very worried about natural gas.
HOLD
Has recently shown up on his radar screen. Selling at a modest multiple of what its normalized earnings would be. Looking attractive and potentially has some good upside.
TOP PICK
Very large premium drilling company. Thinks the bottom in drilling is now past.
DON'T BUY
Has cleaned up its balance sheets and done a lot of things right but think it's fairly valued here.
COMMENT
Recovered quite a lot from its lows. Partially a reflection on the increased activity in the oil services patch. This is a leader in this field. Outlook for the business is quite good but expect distributions could be cut.
DON'T BUY
Should be one she loves, but when second quarter results came out they showed no penetration into the market.
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