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

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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

Calfrac Well Services (CFW-T), Precision Drilling (PD.UN-T), Ensign Resource (ESI-T). Involved in fracturing, an expensive exploration/production service, which basically fractures rocks to release petrochemicals. With higher natural gas, companies are starting to use this service. Bullish on natural gas. These companies can be very cyclical and will fall off the table when energy prices weaken.

DON'T BUY

3 to 5 years this is a great story. Near term there are some issues. Pricing a great deal of success into the organic growth initiatives they are having in the US and internationally. 6% yield. A little bit ahead of itself.

PARTIAL SELL

One of the largest oil/gas drilling and service companies in Canada. Recently had plans to expand into the US. Q1 results were OK but some people were expecting higher data rates for some of their rigs. There is usually a seasonal weakness that we are approaching and you might consider taking some profit.

DON'T BUY

This is still in the trust structure and he does not allow trusts. His model price is $41, which would be a 58% positive differential but with all these companies they do have to convert, eventually, back to the corporate structure. There will be a 30% haircut somewhere.

PARTIAL SELL

Will be looking to expand beyond North America. This is the shoulder season for energy, soul if you own, he would recommend taking some profits. If you don't own, Wait.

BUY

Well run company and lots of assets. Wouldn't be surprised if they convert back to a corporation. There is significant turnaround in the fortunes of the oil/gas drillers out west as gas prices have come up. The companies that have the equipment to do the deep drilling are going to do very well.

HOLD

(Market Call Minute.) The 800-pound gorilla in the oil patch.

BUY

One of the primary service oil companies in Canada. Price increase is a reaction the high oil/gas prices which are creating a lot more exploration. Well managed. He has been looking at this one lately.

BUY

Chart shows a very definite reversal signal. (A break out of a long-term down trend.) Will run into resistance, but not until it gets to about $27. Use a stop around $22.

WAIT

A big move today, but it hasn't been screening well. He would wait.

BUY

(Market Call Minute.) Would buy this for the recovery in the gas market.

BUY

Became an income trust at precisely the wrong time. Gas prices have declined and Alberta's royalty tax has not helped. Eventually, stocks like this get too cheap and you have to look beyond the current prices. When natural gas prices recover, this'll be great for them. Wouldn't be concerned about holding it here.

SELL

Would avoid this stock. Their plan is to increase their international business, but is primarily leveraged to Canada. Will take a while before it turns.

COMMENT

There are some hopeful signs for the natural gas industry. Inventory is starting to come down. That should help the price of natural gas a little, which should be good for the drilling companies. They have expanded their scope out of Canada towards the US where there is more activity. The stock may have hit its bottom at the start of the year.

DON'T BUY

(Market Call Minute.) It will be a bit of a rocky market for them in 2008. Wait 6 to 12 months in order to get a better picture.

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Precision Drilling (PD.TO)