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

Has done a faboulous job. Could be OK for short term trades but this is not how he invests.

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TOP PICK

Very levered to the oil fields. The largest contract driller in Canada. Well run.

BUY

Have started purchasing on its announcement of converting to a trust. Expects that energy prices are going to stay very high for a very long time because of the basic supply/demand characteristics of the world.

BUY

An excellent name. Has another $5 to $8 in the name. Good entry point. All the drillers is a good way to play the energy sector.

BUY

Going to go the route of a trust.

BUY

Although she doesn't own any at present, the oil services is a good sector. This one is up because of trust conversions, etc. A very well run company and will continue to benefit from higher oil prices.

PAST TOP PICK

(A Top Pick Jun 8/05. Up 10%.) Recommeneded this after they announced they were going to change into an income trust. Continues to like.

HOLD

All oil service companies such as Ensign (ESI-T), Precision (PD-T), Trinidad (TDG.UN-T) and Wellco (WLL.UN-T) are doing extremely well. Had a very wet spring which tied up some of the rigs and could affect the earnings. This one is a little trickier as they are talking about going into an income trust.

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BUY

An extremely well managed company. As a trust vehicle, it could be very interesting. Drilling companies are a high beta play on oil stocks.

TRADE

Sold off their international interests in preparation of becoming a trust. The man behind the trust is contemplating retirement and the CFO has resigned which is a concern.

TOP PICK

Will be turning themselves into an income trust. Have sold their international drilling operation and their energy services. You are left with the domestic drilling business which is going great guns.

WEAK BUY

Sold its international assets to a US based company which took back some cash and some shares in exchange and will likely turn the rest of the company into an income trust. Sorry to see it change into an income trust because it has been a great growth story. Thinks it's worth $52/54 after conversion.

BUY

The energy services sector still has many years of opportunity ahead. Believes that a full valuation for the company, post all of its restructuring, is still 15% higher than current. Will require some patience.

BUY

A good way to play the oil sector. You can buy now rather than waiting for it to become an income trust. You could also look at Trinidad Energy Services (TDG.UN-T) which is a favourite of his.

SELL

Prior to announcing that it was going to become an income trust, it was a very interesting stock and had a lot of upside potential. The company is now selling of its interesting parts, the growth parts, which takes some of the interest and excitement out of the stock.

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Precision Drilling (PD.TO)