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

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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

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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Precision Drilling (PD.TO)