TSE:PD

Precision Drilling (PD.TO)

119.35
+3.35 (2.89%)
as of Jul 21, 2026, 8:00:00 pm Market Open.
186 watching
0
Investor Insights
star iconJul 21, 2026, 12:00 am

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

Experts highlight the promising future of Precision Drilling (PD-T) due to a resurgence in oil activity, anticipating a price increase of 5-10% leading into 2027. The company is deemed well-run, with a strong emphasis on pure-play oil production, which is expected to outperform. Recent developments, such as the sanctioning of LNG Canada, may have contributed to a rally in the stock's value. With achieved debt targets, Precision Drilling plans to return 50% of capital to shareholders, demonstrating confidence in its operations and generating a compelling 20% free cash flow yield. While there are positive indications, experts believe it might not be the right time for service stocks overall, despite encouraging spreadsheet metrics.

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Consensus
Positive
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Valuation
Undervalued
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Similar
EQT
DON'T BUY
Has done a faboulous job. Could be OK for short term trades but this is not how he invests.
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.
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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