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

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Daily Stock Opinions and Ratings

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

DON'T BUY

Many companies are pulling back drilling expectations for next year. This could make it very difficult.

DON'T BUY

This is a tough one for him. With the distributions coming out, they balance sheet is actually falling on his quantitative model. The model price is around $25, but we'll get hit with taxes in 2 years. Probably trading in line. Doesn't see any big upside

COMMENT

He tends to avoid the service sector except for production related companies rather than exploration companies. Good balance sheet. This one will suffer more in down periods, but will recover more quickly.

COMMENT

Generally doesn't like this one, but it has fallen so far it might be worth looking at.

DON'T BUY

If you own, you are getting close to the point where you can average down. Wait until you see some signs of natural gas basing. That could be as long as a year from now.

WAIT

Looking at this one very closely. Have cut distributions twice. Canadian drilling has been very bad. 3% of their rigs are in the US, but has accounted for 17% of their EBITDA. Outlook for earnings is very poor and the earnings are very close to the distribution.

WAIT

Had a big drop and the prices are starting to look attractive again. Very Conservative payout ratio. Would wait to see where gas prices are going.

HOLD

Softer natural gas prices have decreased drilling activities. This company will have the most upside should this cycle change.

BUY

The oilfield services have been beaten up and are trading near their bottoms. Good entry point and the support is strong. Not a lot of volume right now. Exit if it goes below $25.

DON'T BUY

His model price on this is $35.60 giving a 30% differential, which will disappear in 2 years, so are trading at what their future earnings are. (See “Today’s Commentary”.)

DON'T BUY

Foreign exchange is moving against them. Be cautious on this name. Good long term hold, but don't be in any rush to jump in.

WAIT

He likes it. It's suffering along with all the other drilling companies. Thinks it will pick up next year.

BUY

Has been hit by a 20% drop in utilization rates for all of the drillers. This one is the 100 lb. gorilla with a 30% market share. With a normalized winter, they should be a pickup in drilling activity. Could be a consolidator and continue to grow their market share.

WAIT

A play on natural gas. Current price is displaying some optimism in the market. Don't look for good news out of their quarterly reports until this winter. Price has gone up on speculation about M7A activity. All the good news is fully factored in. Wait for the summer doldrums.

HOLD

In the US they have not backed off drilling, while in Canada they have.

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Precision Drilling (PD.TO)