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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Similar
SLB
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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