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

BUY

Sold off some European assets and there was speculation that it would become a trust. Price rose on the news and then fell off due to the assets going for less than the market expected. Once the assets are sold and the Canadian assets are trusted, you could be looking at the high $50's.

BUY

Chances are very good that it will convert into an income trust. Relative to other energy service trusts this will be one of the more stable, conservative trusts because it owns such a large part of the Canadian market.

TOP PICK

Selling their international drilling operations and non-trustable assets and looking to convert into an income trust.

TOP PICK

It seems almost a certainty that you can get $5/10 out of this. Fell today because US holders and mutual funds who just don't want to get mixed up with the income trust sector. Selling off their international operations.

BUY

The king of the drillers. Over the long term, should continue up. Becoming more well versed in international operations. Would also Buy Calfrac Well Services (CFW-T) and Producers Oilfield Services (POS-T). Took profits on this one so doesn't own currently.

BUY

Has done very well. Bullish on drilling as he feels drilling will remain very active and will probably increase. Has very strong EBITDA margins at 44%. Trades in line with its peers although it's growing faster. Trades at a discount to its US comparables.

BUY

Oil services companies have a seasonal component. Once the spring break-up comes in the north, it's very difficult to move oil rigs around. Views the oil services as longer term plays. Prospects for the entire group is pretty good.

DON'T BUY

Drilling in Canada is sort of a duopoly between this and Ensign (ESI-T). The problem is the drilling cycle, so far, has a record number of wells looking like another record being set. Drilling stocks reflects that. Historically juniors have just thrown money at the drillers, but are more disciplined now. Would rather play the producers than the drillers.

TOP PICK

(Top Sell) Sold 1/3 to 1/4 when it went north of $80 mark. Typically falls in the spring when the drilling season is over and then languishes for a few months.

BUY ON WEAKNESS

Has just broken into new high ground. Like a lot of the oil and gas stocks it has been marking time since October when oil prices peaked out at $55. Likes the whole group of drilling companies. Drilling and service companies will do well for the next few years, no matter what happens to the price of oil. Try to buy on a pull-back.

TOP PICK

Still thinks it has room to go. Not counting on the unit trust rumour that's going around, but it would help. Undervalued relative to its peers. Has good momentum. Industry is poised for a few really good years of profitability.

TOP PICK

Western Canadian decline rates are getting steeper and steeper, so more wells have to be drilled just to keep production flat. Utilization rates are high and are going to go higher. Rig rates are high. Made a very timely acquisition of a rig fleet. Also a potential to become an income trust.

TOP PICK

Over the last few years they have internationalized themselves. Now a global operation. Rigs for drilling are in short supply. as soon as freeze-up comes, they'll be going full tilt.

BUY

Likes the drillers. Cash flow that is being generated out west by oil companies is being poured back into drilling. Prefers Ensign as the vauations looks a little more attractive. A very well run company.

BUY

Trading a little richer than some of the other oil service names, but it has an international presence, cash flow is expanding giving it a higher multiple. Should go higher.

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Precision Drilling (PD.TO)