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

Natural gas inventories are coming down and activity is picking up this winter. Thinks that all the energy service companies are being beat up too much.

HOLD

If you have a 3-year target, this is a good buy. There is not going to be a pickup in drilling until there is a sustained natural gas price of $7 or more. He thinks this is a year away. Good yield while you wait.

BUY

Service sector always gets hit the hardest but has the most potential for major wins/losses. Very capital-intensive. In this sector, the drilling rig sector would be considered high beta in that they go down and up the most. You want to own these at the beginning of the upturn.

HOLD

Drilling will slow down because of weak gas prices. Thinks distribution is safe. Wouldn't buy at this time.

COMMENT

The extra $.40 they paid was a surprise. On a cash flow basis they are in good shape. Has dropped because of tax loss selling. Looking pretty good at this point in time.

HOLD

Like all energy services it has corrected good amount. Natural gas has been very soft with inventory levels being full. There’ve been big imports of LNG. This will be a late 2nd half 08 story. Distribution cut was made, so this should now be stable. Yield of 9% plus.

DON'T BUY

Energy sector, including the drillers, has really been clobbered, largely because of low natural gas prices. Declining rates are so high in the patch now that this slowdown will start to impact production.

HOLD

New CEO. After their non-competition ends they will try to expand more into Mexico and other countries. The issue is what type of drilling season will occur in Q1 of 08. A cold winter in eastern Canada could increase natural gas prices. Good balance sheet. If you think gas prices will improve, Hold.

COMMENT

The classic value pick for the contrarian investor. Market does not like the energy services space right now. Over the long term, this will bounce back. If you Buy you will have to hold until 2009, which will be the first time for a significant turnaround in terms of utilization rates.

DON'T BUY

He has a model price of around $25. A positive 10%, 11%.

DON'T BUY

Would not be interested in investing in a drilling company at this time.

DON'T BUY

They don't own, but are watching. Needs the firming of natural gas prices. Also needs the royalty program to be approved, before he would take the risk.

HOLD

Has been hammered because the utilization rate has been down. They also had to decrease their payouts. A very cheap stock from the point of view of the upside capability when there is a recovery in the industry.

HOLD

All the oilfield service trusts have had big corrections because of weak activity levels in western Canadian sedimentary basin. This will probably continue right through 2008. Cut the distribution earlier this year but doesn't see a lot of risk with the current level.

HOLD

As natural gas prices firm going out into 08 and 09, he feels the drillers will come back with a vengeance. Gives you a decent return, so continue holding.

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Precision Drilling (PD.TO)