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

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Daily Stock Opinions and Ratings

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

Still has some legs. Had terrific earnings in the last quarter. Made a lot of money drilling gas wells. If it gets to $70, take some profits.

BUY

Excellent company. The high price of oil should keep them busy. Can be volatile.

WEAK BUY

Had good run, it's up near it's high. If you own it keep it, you might want to buy more.

WEAK BUY

Has been subjected to profit taking as of late. Stock has good support. Target of $68

WEAK BUY

Going to drill a record number of wells. 2-3 years of good prospects.

TOP PICK

As people start to recognize that oil prices are going to remain high, then it's time to start looking at the oil service companies.

DON'T BUY

Would prefer a Petro-Canada or a Suncor. Very seasonal.

TOP PICK

Has gone up, but should go up more. His understanding is that all the drill rigs in western Canada should be occupied all winter. Contract rates are very high.

HOLD

Thinks it has 10/15% upside from here, over the next 12 months.

BUY

Entering the season for strong drilling activity. Should do well in the next 3/4 months.

BUY ON WEAKNESS

Has an up and down pattern. In this type of situation, you want to buy on weakness. Has to break out beyond $60 before it will be in an upward trend.

TOP PICK

Earnings tripled in the third quarter. They have 65% of their rigs utilized. Gas price is going through the roof so more wells will be drilled.

BUY ON WEAKNESS

More optimistic on energy prices then the street. Should create a solid upward move in drilling stocks. Buy on weakness.

DON'T BUY

Drilling activity is not as strong as hoped. Would consider oil/gas stocks instead.

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Precision Drilling (PD.TO)