TSE:PD

Precision Drilling (PD.TO)

118.48
+2.48 (2.14%)
as of Jul 21, 2026, 6:31:14 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.

Precision Drilling (PD-T) is experiencing positive momentum, driven by increasing activity in the energy sector and expected price increases of 5-10% leading into 2027. Experts believe that pure play oil producers will benefit the most from the current opportunities in oil, highlighting Precision Drilling as well-run and a strong company. There has been a significant rally in the stock, potentially linked to the sanctioning of the LNG Canada project for the coming year. The company achieved its debt target and is now pivoting towards returning 50% of its capital to shareholders, further bolstered by an attractive 20% free cash flow yield projected for next year. Although the spreadsheet forecasts are positive, some experts caution that while service stocks often thrive during cyclical lows, the timing may not be optimal for investment just yet. Furthermore, Precision Drilling shows good leverage to the rising demand for natural gas in the U.S., making it a key player in this growth area.

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Consensus
Positive
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Valuation
Undervalued
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APA
TOP PICK
Canadian drillers have a big discount to the US in valuations.Drilling is picking up.
WAIT
Best time o buy is when oil/gas prices are low and drilling is down.
TOP PICK
Will be working full out drilling gas wells. Well run company. Very cheap.
BUY ON WEAKNESS
Looking to get into it over the summer when prices drop. Should do extremely well going into the winter season.
TOP PICK
Drilling is going full bore right now, especially for natural gas.
BUY
It should be good for over the next 2 years.
TOP PICK
Strong management and good balance sheet. Gas shortage will create a lot of drilling activity. They are a leader in their sector.
BUY ON WEAKNESS
Has a really strong, international platform. Gas shortage should keep them busy. Buy under $50.
TOP PICK
Expects to see an upturn in drilling activity. Good price.
TOP PICK
Expanding internatiionally. Developing new tools and technology. Good price.
BUY
Talking about a need for 20,000/22,000 new wells to be drilled just to stay even with the demand.
BUY ON WEAKNESS
Great company. Very cyclical. Drilling is going to be increasingly needed. Treat as a trading stock. Buy at $40.
BUY
Likes the drilling stocks. Cheap com;pared to its US counterparts.
BUY ON WEAKNESS
It is now out of the drilling season, so price is down. Now, and over the next few months is the time to buy before the next drilling season starts.
DON'T BUY
Will drift coming in to the spring. There won't be any great excitement.
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