TSE:PD

Precision Drilling (PD.TO)

129.84
-7.49 (5.45%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
187 watching
0
Investor Insights
star iconJun 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.

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Consensus
Positive
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Valuation
Undervalued
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TRADE
Fairly cyclical and dependent on oil industry spending. Very profitable. Market may be discounting the eventual rolling over at the peak of its cycle of its earnings. This may be the reason for the stagnant share price in the range.
WAIT
Charts indicate it's currently in a wedge pattern. This pattern usually breaks on the upside. Wait for a breakout on the upside.
TOP PICK
Drumming rates and oil field services are going up dramatically. Weather conditions in Alberta are very good for drilling now.
BUY
Day rates and drill utilization in drilling are rising. Should do well over the next 4/5 months. Expects a break out soon.
TOP PICK
The drilling situation in western Canada has been fantastic and is going to get better. Thinks this winter will be a record for drilling. Trades at 13 X earnings.
BUY
Now is a good time to look at owning this company. It usually does well from the fall into the spring when drilling activity picks up.
BUY
Stock hasn't done much in the last little while. Expects to see some upside this winter. Expect it to be one of the better years for the drilling companies.
WEAK BUY
Because it is so large, percentage moves are small. Prefers smaller companies.
TOP PICK
(Top pick Aug 6/03. Up 2.8%.) The utilization of rig rates have recently improved again. Well positioned for energy demands.
BUY
Going into the winter period, and drilling utilization rates will be going up. It's a good bet that there will be some good prices for drilling
PAST TOP PICK
(A top pick May 9/03. Up 1.7%.) Still likes.
TOP PICK
The drillers are extremely undervalued. Well-positioned for the next couple of years. The supply and demand for oil is still relatively tight.
BUY
The biggest driller in Canada. Good management. Making lots of money.
BUY
Doesn’t deal with service companies, but there should be a very active drilling season.
PAST TOP PICK
(Was a top pick , July 8, 2003.Up 11%.)Still buying the stock for new clients.
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