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

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Precision Drilling (PD.TO)

116.00

-1.21 (1.03%)

as of Jul 20, 2026, 8:00:00 pm Market Open.

186 watching

Investor Insights

Jul 20, 2026, 12:00 am

This summary was created by AI, based on 3 opinions in the last 12 months.

Precision Drilling (PD-T) is seen as a well-run company with significant upside potential due to the increasing activity in the oil sector, which is likely to drive up pricing by 5-10% leading into 2027. Experts anticipate a favorable market environment, particularly for pure play oil producers, suggesting that they will outperform the broader market. Additionally, the company has demonstrated strong financial performance, achieving its debt targets and planning to return 50% of capital to shareholders, which positions it attractively with a projected 20% free cash flow yield next year. The positive sentiment is further bolstered by the company's leverage to U.S. natural gas growth, indicating a meaningful opportunity as demand increases. However, some experts believe now may not be the ideal time to invest despite the positive outlook and financials.

Consensus

Positive

Valuation

Undervalued

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BUY ON WEAKNESS

Expect less drilling activity but they will survive. They have first-class equipment in the US and Canada. It's a higher-beta name, thus more speculative. Buy this on weakness. He expects drilling to pick up in 2021.

DON'T BUY

This was his largest holding as of a week ago, but he sold out last week as oil producers getting hit hard. With oil imploding, he expects capex budgets will get slashed. It is difficult to see how this stock would do well, when producers are cutting back.

TOP PICK

There is a base level of activity to just maintain production. The stock price is already demonstrating a poor drilling season outlook. They could privatize the company in 2.5 years on current cash flow. An outlook for $60 oil will lead to an uptick in drilling activity from here. Yield 0% (Analysts’ price target is $2.89)

DON'T BUY

The chart is pretty ugly right now and he does not see the bear trend ending yet. He wants to see a base form first.

WATCH

The spending outlook for drilling in 2020 is very poor. Companies can not justify spending more to just keep production flat, especially when the market will not give you credit for it. Companies should be putting free cash flow into share buybacks. It is negative for service companies. He wonders when this has been fully discounted in the share price. He is more tempted to buy a producer.

BUY ON WEAKNESS

It came out of the index. They are paying down debt. He'd like to see it paid down a little more. When the rig count picks up next year, he thinks the stock is very cheap here. It is more speculative because of the debt load.

COMMENT

They're in a rough business (oil) that won't turn around for a while. But you can make money on bounces like today.

DON'T BUY

Doesn't like it. Carries heavy debt from recent acquisitions. The 10-year chart is very negative. The oil industry is shifting to fracking and using PD's drilling less and less. You buy this if you think oil returns to $100. He believes oil is rangebound at $40-80.

DON'T BUY

They have done a good job. They are knocking debt down. The problem is that the rig count coming out every Friday is coming down from where it was a year ago.

WEAK BUY

Huge debt load, but is on his watch list. It could be a tax loss seller. The sector has been beaten down. It could be a good sign for investors though. Look at what investors are doing and you'll see that it might not be time.

RISKY

Revenues up 9%. US side doing well. Paid down debt in first half. Cheap. Q3 won't be much better. More debt than people like. For risk-oriented accounts, could go higher. He has a $5 target. When recovery comes in Canada, they're the pre-eminent driller. No dividend.

PAST TOP PICK

(A Top Pick May 30/18, Down 52%) It is not working out at all. It still has potential in the portfolio and he has not bailed out of it. The leverage on the industry is huge. It is a high risk / high reward play. The payout down the road on a small part of your portfolio could be quite huge.

TOP PICK

They have been decimated. They are the same price as in December but oil has gone up. They paid up a ton of debt since December. The risk/reward is there to buy this name. (Analysts’ price target is $4.63)

DON'T BUY

He does not own any drilling stocks. He thinks producers are not as focused on increasing production at this time. This space is too volatile to take a position in. He would prefer to own producers.

WEAK BUY

They've had a good rebound. He has a $4.50 target as a buy, but the sector is weak. Doesn't own any operators now. Buy the oil producers instead. If you own this, then average down. They just announced the sale of non-core assets, which he likes.

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Precision Drilling (PD.TO)