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

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Precision Drilling (PD.TO)

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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

He exited the oil service stocks over a year ago. Not sure that it's the time to jump back in yet.

BUY

8% yield. Thinks there's one more leg down in the drilling stocks. Trading at a discount to their replacement value. Good time to buy when investors don't like the oil sector.

COMMENT

Has been hammered recently with the decline in capX spending. There have been signs of life. 2nd and 3rd quarters tend to be weak historically. He is not doing anything on oil/gas trusts until the rules on taxation are clearer.

HOLD

In the oil field service space. Expecting the weakness in this sector will continue until the 4th quarter and 1st quarter of next year. Relatively clean balance sheet.

COMMENT

The largest driller in western Canada. Shallow rig drilling has definitely had to be cut back. Have some good deep rigs. Expect them to do a lot better in 07 and 08 than they did in 06.

BUY ON WEAKNESS

Good company. Best market share in drilling and oil/gas services in western Canada. This could work against them, as their growth trajectory is weak. $22 would be an attractive price. Ownership by Management is very small.

DON'T BUY

Not bullish on the energy sector. Drilling companies are a leveraged way to play the energy sector.

PAST TOP PICK

(A Top Pick Feb 17/06. Down 22.7%.) Drillers took quite a beating with the slowdown on the gas side as well as the government's decision on trusts. Still a Hold.

WAIT

Largest drilling contractor in Canada. Manage their business very well. Utilization rates are down in the oil patch. Wait for couple of months.

DON'T BUY

Sold off their international division and became a pure Canadian play with big emphasis on natural gas. Natural gas prices collapsed along with the stock price. This will be dependent on the future of natural gas prices. Would rather own some international drillers.

BUY

Has been beaten up because the outlook for oil services has come off substantially. Recently had a distribution cut of about 39%, which was bigger than she expected. Clean balance sheet. In a good position for when this cycle starts to turn.

BUY ON WEAKNESS

Long-term it is a great company. Natural gas primarily makes up most of their drilling activities. Has some aggressive capital expenditure plans for this year. Would buy a $23.

HOLD

Had a big cut which was more than what analysts had been looking for. The #1 player in the servicing of oil/gas rigs. Very strong company.

DON'T BUY

Not a fan of trusts, so would not invest in this. This will trade between $24.90 and $31. If there's a big rally in oil, expect it to go closer to $31.

DON'T BUY

Poor decision for them to become an income trust. Sold off international assets to become a purely Canadian drilling company and international drilling scene is more attractive right now.

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Precision Drilling (PD.TO)