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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Similar
APA
STRONG BUY
Natural gas reserves are still declining and demand is growing.
BUY
Drilling has grown substantially in the last while and should continue.
BUY
Drilling should pick up.
BUY
Good company. Expanding internationally. Good price.
TOP PICK
(Was a top pick on July 2. Down 11.5%)
PAST TOP PICK
(Was a top pick on July 3. Down 6%) Still likes. Great management.
BUY ON WEAKNESS
TOP PICK
There will be a strong demand for drilling very soon. Growing globally. Cheap.
BUY
Expects gas prices will pick up.
BUY ON WEAKNESS
Would buy in the $40 range. Strong balance sheet.
TOP PICK
Now has an international exposure. Good long term.
TOP PICK
Should benefit from oil/gas recovery. Good price.
TOP PICK
(Was a top pick on May 30. Down 6.8%) Likes the energy sector.
BUY ON WEAKNESS
Top quality. Expects good growth. Buy on weakness.
TOP PICK
(Was a top pick on Feb 18. Up 43%) Shifting into international play. Good management.
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