TSE:PD

Precision Drilling (PD.TO)

123.74
-3.69 (2.90%)
as of Sep 4, 2026, 7:16:22 pm Market Open.
186 watching
0
Investor Insights
star iconSep 4, 2026, 12:00 am

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

Precision Drilling (PD-T) is viewed positively by experts, who highlight a strong performance in the oil and natural gas sectors. There is optimism about pricing increasing by 5-10% as the activity in the space continues to rise, indicating a bullish outlook heading into 2027. The rally in the company's stock might be linked to favorable legislative changes, such as the sanctioning of LNG Canada, which suggests improved market conditions. Additionally, the company has successfully achieved its debt targets, allowing for a strategic pivot toward returning 50% of capital to shareholders, especially through stock buybacks. Overall, despite some experts noting a current lack of exposure to service stocks due to high trading multiples, they acknowledge that Precision Drilling is well-run and positioned well for future growth in U.S. natural gas markets.

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Consensus
Positive
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Valuation
Undervalued
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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
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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