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

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Precision Drilling (PD.TO)

116.68

+1.33 (1.15%)

as of Aug 12, 2026, 8:00:00 pm Market Open.

186 watching

Investor Insights

Aug 12, 2026, 12:00 am

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

Precision Drilling (PD-T) is poised to capitalize on the increasing activity within the oil sector, with expectations of a 5-10% increase in pricing leading into 2027. Experts highlight that the company operates exceptionally well and is seen as a strong player among pure play oil producers, suggesting that they will potentially see the most significant gains in the current climate. The recent rally in the stock may be influenced by positive developments like the sanctioning of LNG Canada, and the company has successfully met its debt targets, enabling it to redistribute 50% of its capital back to shareholders. With a compelling free cash flow yield of around 20% projected for the upcoming year, Precision Drilling is actively buying back approximately 10% of its shares, indicating bullish sentiment. While there are positive indicators and growth outlooks tied to US natural gas demand, some experts suggest that service stocks are currently not at the right entry point despite favorable spreadsheet projections.

Consensus

Positive

Valuation

Undervalued

Similar

Pioneer, PXD

BUY

200-day moving average has intersected and the stock is starting to rise. May have a tiny pullback to about $6.80-$6.90 but expects it will be a significantly better than it has.

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DON'T BUY

Doesn't like exposure to drillers in Alberta gas. Has stayed focused on oil because the economics look very good. Would prefer something like Carbo Ceramics (CRR-N), which does gas for fraqing or equipment companies like FMC Technologies (FTI-N).

BUY

Believes natural gas market has turned and drillers are at the bottom of their cycle. This will be one of the worlds great drilling companies going forward. He owns Cathedral Energy (CET.UN-T). You should also look at Pason Systems (PSI-T) or Transocean (RIG-N).

COMMENT

(Market Call Minute.) Drillers look very interesting here. Would buy Trinidad Drilling (TDG-T) before this one but we are entering a period when you can buy the drillers.

BUY

For the long-term perspective, this is a good entry point. Made a big acquisition last year, possibly at the worst time, but it expanded their exposure outside of Canada with some international. Drilling had a severe decline because of natural gas prices. She thinks, longer-term, natural gas prices will recover and drilling activity should improve.

BUY

(Market Call Minute.) Has been awful because people have not been drilling wells in North America but it has bottomed out and the volume will start to increase.

COMMENT

Would be wary. Debt load went up in 2008 giving them a huge debt load but they seem to be dealing with it well. Risky but might be worth it.

DON'T BUY

Recently did a very dilutive equity issue and debt levels have come down. Short-term outlook for natural gas drilling is not very good. Questions management decisions. Expect there will be a better time to buy this.

BUY ON WEAKNESS

Got sufficient financing but now has to wait out the low level of drilling activity to start moving back up again. Great equipment and a very strong market presence. Expecting a corrective phase through the summer.

COMMENT

Still cautious on the drilling outlook. Doesn't have a lot of upside potential on it. The big issue with them is the mountain of debt they acquired to make acquisitions. Also did a fairly dilutive equity deal to help pay down the debt.

BUY

Drillers have had a terrible time but with oil at $70 you will see more activity. Very volatile area. Likes the stock.

DON'T BUY

Oil services have been extremely distressed. Not sure that market is likely to pick up that quickly.

WAIT

A little bit early for the oilfield service plays. Expect there will be a little bit of weakness going through the summer, which would be a better opportunity. Longer-term it is well positioned.

DON'T BUY

When there is this much capacity and drilling has come off this much, the leverage is actually with the E&P company. The whole market has to tighten up before the drillers actually get the margin on their side. Prices will still come down on the drillers. Drillers lag the industry by 2 years.

DON'T BUY

(Market Call Minute.) Too much financial leverage. A commodity cyclical with a bad balance sheet.

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Most Recent Experts

Chris Blumas

at Raymond James Investment Counsel Ltd.

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Precision Drilling (PD.TO)