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

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Daily Stock Opinions and Ratings

Precision Drilling (PD.TO)

110.18

-2.07 (1.84%)

as of Jun 26, 2026, 8:00:00 pm Market Open.

186 watching

Investor Insights

Jun 27, 2026, 12:00 am

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

Precision Drilling (PD-T) is positioned favorably in the current market, with experts indicating a rising trend in oil activity that could lead to a 5-10% pricing increase by 2027. The company has shown strong performance, benefiting from strategic actions such as achieving its debt targets and planning a 50% return of capital to shareholders, as well as a notable 20% free cash flow yield projected for the coming year. Furthermore, the anticipated sanctioning of LNG Canada may contribute to a continued rally in the stock. While there are concerns about the timing of investing in service stocks, the general sentiment about Precision Drilling remains positive, particularly with its pronounced leverage to US natural gas, which is expected to see significant demand growth. Overall, the company is characterized as well-run and a strong player in the pure-play oil sector amidst the current energy landscape.

Consensus

Positive

Valuation

Undervalued

Similar

CDEV

BUY ON WEAKNESS

We are in the spring break up when demand is at its lowest level. No reason to be chasing the stock right here.

WAIT

Recently did a very significant financing with Alberta. Much better shape than 3 months ago

DON'T BUY

Bad outlook for 12 months. Doesn’t suggest this. Distribution is not coming back any time soon.

HOLD

Had a nice run. Bounced back in what looked to be like a death watch on it. The challenge is, it is gas weighted.

DON'T BUY

Biggest driller in Canada, but the utilization of this industry is down to very low levels. Has quite a debt load. Stock will languish until there is a recovery in gas prices. Will be a survivor.

WAIT

Think they will survive and there will have to be a lot more drilling done. Chart indicates it is bottoming. Entry point would be a little further on when the worst of the recession is over.

DON'T BUY

A premier player and will do well once drilling activity picks up. More bullish on oil itself and the big internationals such as Talisman (TLM-T), Nexen (NXY-T), Suncor (SU-T) and Canadian Natural Resources (CNQ-T). Drilling sector will lag. (See Top Picks.)

WAIT

If you have a long-term horizon, drilling will pick up at some point. It has to come back. Probably not a bad time, but when will there earnings show? Thinks it's still early.

DON'T BUY

Doesn't like the drillers because nobody wants to drill with the low oil price environment. There is also a surplus of natural gas.

DON'T BUY

Outlook is not great in the short term for drillers. Natural gas prices have to start to appreciate than the producers have to decide to drill more wells. Things should be improving by next year.

DON'T BUY

(Market Call Minute.) Stay away from the drillers.

HOLD

Present management is expanding the company again. It should be all right, but you are waiting for a cycle return on the whole oil services sector.

SELL

(Market Call Minute.) Balance sheet issue. Need to refinance.

DON'T BUY

Drilling activity has come to a virtual standstill and outlook is weak. Made an acquisition of Grey Wolf at a very healthy price and terms of the debt are quite restrictive. If you own, you might want to hold for a couple of years until the drilling cycle comes back.

DON'T BUY

Timing of the acquisition of Grey Wolf (GW-A) was unfortunate. Cut their distribution. Oil service companies are high beta oil companies and oil companies are high beta. A lot of volatility.

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Precision Drilling (PD.TO)