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

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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

He got out of the oil service companies early last year. Couldn't see a lot of new rig activity happening. With the warm winter, it is even worse in oil patch making it hard to move equipment around. Too early.

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WAIT

What you have to see is a firming of natural gas prices which will then lead to a bottoming out of drilling activity in western Canada and that’s the time you jump in.

DON'T BUY

Model price is only slightly higher than the stock price. Not a fan of income trusts.

BUY

Has been quite beat up because people are concerned that activity levels are going to be lower than last year. They are in a good position to weather this storm. Good price. Utilization rates have been going up significantly. You have to watch this one in relation to commodity prices.

COMMENT

Not an expert on this specific driller, but his view on oil is very positive and this stock, along with other drillers, service companies, etc. will follow the price of oil.

DON'T BUY

Cyclical. Natural gas prices are fairly weak and a lot of oil companies are cutting back. May not be the best time to be in a Canadian driller. International companies like Schlumberger (SLB-N) do well when oil prices stay high.

HOLD

A great company. Drilling activity in Alberta will come back. Cheap on a price/cash flow basis. First-class yield.

WAIT

Would have no trouble converting back to a corporation if needed. You have to keep an eye on the drilling activity in the Western Basin is well as in the US. If the royalty trusts, that are active drillers, are not allowed to expand it could slow drilling activity.

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SELL

One of the leaders in drilling and services space, but will probably want to cut its distribution to clean up its balance sheet and maybe prepare to convert back into a corporation.

DON'T BUY

In response to dramatically higher costs for oil/ga drilling and services, as well as lower commodity prices, exploration spending has been cut substantially. Prefers the companies that own the reserves.

BUY

Service companies are a lot more volatile than oil and gas companies. When oil prices are strong, these companies do well because of higher cash flows. Volatile.

COMMENT

Because of the new trust taxation, smaller companies have cut back on the drilling. This is the largest, so it will be hurt the most. Yield of 13%. This sector has a lot of volatility.

WEAK BUY

A lot of operating difficulties going into 2007 for the drilling sector. You will get paid as a unit trust over the next couple of years. Cautious on this sector.

BUY

Has pretty good profit growth. An interesting speculative opportunity now. Likes the underlying fundamentals.

DON'T BUY

This was not an income trusts that he liked anyway. As it is in the cyclical area, it was expected to be volatile.

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Precision Drilling (PD.TO)