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

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Precision Drilling (PD.TO)

116.68

+1.33 (1.15%)

as of Aug 12, 2026, 8:00:00 pm Market Open.

186 watching

Investor Insights

Aug 12, 2026, 12:00 am

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

Precision Drilling (PD-T) is poised to capitalize on the increasing activity within the oil sector, with expectations of a 5-10% increase in pricing leading into 2027. Experts highlight that the company operates exceptionally well and is seen as a strong player among pure play oil producers, suggesting that they will potentially see the most significant gains in the current climate. The recent rally in the stock may be influenced by positive developments like the sanctioning of LNG Canada, and the company has successfully met its debt targets, enabling it to redistribute 50% of its capital back to shareholders. With a compelling free cash flow yield of around 20% projected for the upcoming year, Precision Drilling is actively buying back approximately 10% of its shares, indicating bullish sentiment. While there are positive indicators and growth outlooks tied to US natural gas demand, some experts suggest that service stocks are currently not at the right entry point despite favorable spreadsheet projections.

Consensus

Positive

Valuation

Undervalued

Similar

Pioneer, PXD

HOLD

Company had other problems as well, with the fall of natural gas prices. Given the Capital Expenditures cuts by some of the expiration companies, their cash flow was destined to decline anyways.

BUY

The longer-term outlook is quite positive based on today's price. Trading at, or slightly below their corporate peers. Their short-term fortunes are going to be determined by the price of gas.

BUY ON WEAKNESS

Very good 3rd quarter results, slightly above analysts expectations. Some concerns on a possible distribution cut next year. Conservative management. By on weakness.

DON'T BUY

Expects cutbacks in drilling programs over the next year. As one of the largest, but older fleets out there. As companies cut back their drilling, they will move newer and better drilling rigs on to their properties.

TOP PICK

Debt-free and has an attractive yield. Expanding into the US. Well run. A defensive kind of oil play.

BUY

Every time there is a cyclical downturn in natural gas, investors think there will be no more drilling. There will be, and they're giving stocks away. This includes all the drillers such as Ensign (ESI-T), Precision Drilling (PD.UN-T) and Calfrac Well Services (CFW-T).

BUY

One of the blue-chip names. Has dropped from around $40 to about $33. Under $33 is not a bad purchase. Cyclical. 10% yield.

DON'T BUY

He has been de-emphasising the oil service side in the current environment. When commodity prices start to fluctuate like there has been, service companies tend to get hit fairly hard.

HOLD

Has been a lot of pressure on drillers because of the price decline in natural gas. Looking out 2-3 years, they should fare quite well, but in the very short term, this and other drilling companies may take some further heat. Doesn't think the distribution is at risk.

WAIT

Has come off with the other services stocks. Basically, it will stay soft/weak as long as the energy picture is slightly negative. Feels it will be a great buying opportunity sometime in the next few months.

PAST TOP PICK

(A Top Pick Aug 16/06. Down 20%.) A little more concerned about drilling companies then he was. Still holding.

HOLD

Industry is slowing down. Predicts a little more downside. Stay with it if you own. Entry point should be a little lower than here. Long term you will see over $40.00.

TOP PICK

Good time to buy Precision drilling. In the next year they will be drilling at full capacity. In the long term it will be a good investment.

HOLD

Has a great yield, if you own it hold onto it. This stock is dependent on the weather and gas prices.

DON'T BUY

With natural gas dropping, drilling will have to pull back. Shorter term, this is not good for this company. Great company, great long-term fundamentals.

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Most Recent Experts

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at Raymond James Investment Counsel Ltd.

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Precision Drilling (PD.TO)