Precision Drilling

PD-T

TSE:PD

0.84
0.02 (2.33%)
Precision Drilling Corporation is the largest drilling rig contractor in Canada, also providing oil field rental and supplies. Operations expanded from 3 drilling rigs in 1984 to over 240+ drilling rigs and worldwide operations.
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Analysis and Opinions about PD-T

Signal
Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
June 23, 2020
Expect less drilling activity but they will survive. They have first-class equipment in the US and Canada. It's a higher-beta name, thus more speculative. Buy this on weakness. He expects drilling to pick up in 2021.
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Expect less drilling activity but they will survive. They have first-class equipment in the US and Canada. It's a higher-beta name, thus more speculative. Buy this on weakness. He expects drilling to pick up in 2021.
DON'T BUY
DON'T BUY
March 6, 2020
This was his largest holding as of a week ago, but he sold out last week as oil producers getting hit hard. With oil imploding, he expects capex budgets will get slashed. It is difficult to see how this stock would do well, when producers are cutting back.
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This was his largest holding as of a week ago, but he sold out last week as oil producers getting hit hard. With oil imploding, he expects capex budgets will get slashed. It is difficult to see how this stock would do well, when producers are cutting back.
TOP PICK
TOP PICK
February 12, 2020
There is a base level of activity to just maintain production. The stock price is already demonstrating a poor drilling season outlook. They could privatize the company in 2.5 years on current cash flow. An outlook for $60 oil will lead to an uptick in drilling activity from here. Yield 0% (Analysts’ price target is $2.89)
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Precision Drilling (PD-T)
February 12, 2020
There is a base level of activity to just maintain production. The stock price is already demonstrating a poor drilling season outlook. They could privatize the company in 2.5 years on current cash flow. An outlook for $60 oil will lead to an uptick in drilling activity from here. Yield 0% (Analysts’ price target is $2.89)
DON'T BUY
DON'T BUY
November 22, 2019
The chart is pretty ugly right now and he does not see the bear trend ending yet. He wants to see a base form first.
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Precision Drilling (PD-T)
November 22, 2019
The chart is pretty ugly right now and he does not see the bear trend ending yet. He wants to see a base form first.
WATCH
WATCH
November 15, 2019
The spending outlook for drilling in 2020 is very poor. Companies can not justify spending more to just keep production flat, especially when the market will not give you credit for it. Companies should be putting free cash flow into share buybacks. It is negative for service companies. He wonders when this has been fully discounted in the share price. He is more tempted to buy a producer.
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Precision Drilling (PD-T)
November 15, 2019
The spending outlook for drilling in 2020 is very poor. Companies can not justify spending more to just keep production flat, especially when the market will not give you credit for it. Companies should be putting free cash flow into share buybacks. It is negative for service companies. He wonders when this has been fully discounted in the share price. He is more tempted to buy a producer.
BUY WEAKNESS
BUY WEAKNESS
October 10, 2019
It came out of the index. They are paying down debt. He'd like to see it paid down a little more. When the rig count picks up next year, he thinks the stock is very cheap here. It is more speculative because of the debt load.
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Precision Drilling (PD-T)
October 10, 2019
It came out of the index. They are paying down debt. He'd like to see it paid down a little more. When the rig count picks up next year, he thinks the stock is very cheap here. It is more speculative because of the debt load.
COMMENT
COMMENT
September 16, 2019
They're in a rough business (oil) that won't turn around for a while. But you can make money on bounces like today.
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Precision Drilling (PD-T)
September 16, 2019
They're in a rough business (oil) that won't turn around for a while. But you can make money on bounces like today.
DON'T BUY
DON'T BUY
September 4, 2019
Doesn't like it. Carries heavy debt from recent acquisitions. The 10-year chart is very negative. The oil industry is shifting to fracking and using PD's drilling less and less. You buy this if you think oil returns to $100. He believes oil is rangebound at $40-80.
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Precision Drilling (PD-T)
September 4, 2019
Doesn't like it. Carries heavy debt from recent acquisitions. The 10-year chart is very negative. The oil industry is shifting to fracking and using PD's drilling less and less. You buy this if you think oil returns to $100. He believes oil is rangebound at $40-80.
DON'T BUY
DON'T BUY
August 26, 2019
They have done a good job. They are knocking debt down. The problem is that the rig count coming out every Friday is coming down from where it was a year ago.
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They have done a good job. They are knocking debt down. The problem is that the rig count coming out every Friday is coming down from where it was a year ago.
WEAK BUY
WEAK BUY
August 16, 2019
Huge debt load, but is on his watch list. It could be a tax loss seller. The sector has been beaten down. It could be a good sign for investors though. Look at what investors are doing and you'll see that it might not be time.
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Huge debt load, but is on his watch list. It could be a tax loss seller. The sector has been beaten down. It could be a good sign for investors though. Look at what investors are doing and you'll see that it might not be time.
SPECULATIVE BUY
SPECULATIVE BUY
July 25, 2019
Revenues up 9%. US side doing well. Paid down debt in first half. Cheap. Q3 won't be much better. More debt than people like. For risk-oriented accounts, could go higher. He has a $5 target. When recovery comes in Canada, they're the pre-eminent driller. No dividend.
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Revenues up 9%. US side doing well. Paid down debt in first half. Cheap. Q3 won't be much better. More debt than people like. For risk-oriented accounts, could go higher. He has a $5 target. When recovery comes in Canada, they're the pre-eminent driller. No dividend.
PAST TOP PICK
PAST TOP PICK
June 17, 2019
(A Top Pick May 30/18, Down 52%) It is not working out at all. It still has potential in the portfolio and he has not bailed out of it. The leverage on the industry is huge. It is a high risk / high reward play. The payout down the road on a small part of your portfolio could be quite huge.
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(A Top Pick May 30/18, Down 52%) It is not working out at all. It still has potential in the portfolio and he has not bailed out of it. The leverage on the industry is huge. It is a high risk / high reward play. The payout down the road on a small part of your portfolio could be quite huge.
TOP PICK
TOP PICK
June 13, 2019
They have been decimated. They are the same price as in December but oil has gone up. They paid up a ton of debt since December. The risk/reward is there to buy this name. (Analysts’ price target is $4.63)
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They have been decimated. They are the same price as in December but oil has gone up. They paid up a ton of debt since December. The risk/reward is there to buy this name. (Analysts’ price target is $4.63)
DON'T BUY
DON'T BUY
May 15, 2019
He does not own any drilling stocks. He thinks producers are not as focused on increasing production at this time. This space is too volatile to take a position in. He would prefer to own producers.
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He does not own any drilling stocks. He thinks producers are not as focused on increasing production at this time. This space is too volatile to take a position in. He would prefer to own producers.
WEAK BUY
WEAK BUY
April 16, 2019
They've had a good rebound. He has a $4.50 target as a buy, but the sector is weak. Doesn't own any operators now. Buy the oil producers instead. If you own this, then average down. They just announced the sale of non-core assets, which he likes.
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They've had a good rebound. He has a $4.50 target as a buy, but the sector is weak. Doesn't own any operators now. Buy the oil producers instead. If you own this, then average down. They just announced the sale of non-core assets, which he likes.
Showing 1 to 15 of 699 entries

Precision Drilling(PD-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 4

Total Signals / Votes : 8

Stockchase rating for Precision Drilling is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Precision Drilling(PD-T) Frequently Asked Questions

What is Precision Drilling stock symbol?

Precision Drilling is a Canadian stock, trading under the symbol PD-T on the Toronto Stock Exchange (PD-CT). It is usually referred to as TSX:PD or PD-T

Is Precision Drilling a buy or a sell?

In the last year, 8 stock analysts published opinions about PD-T. 4 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY on WEAKNESS. Read the latest stock experts' ratings for Precision Drilling.

Is Precision Drilling a good investment or a top pick?

Precision Drilling was recommended as a Top Pick by Josef Schachter on 2020-06-23. Read the latest stock experts ratings for Precision Drilling.

Why is Precision Drilling stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Precision Drilling worth watching?

8 stock analysts on Stockchase covered Precision Drilling In the last year. It is a trending stock that is worth watching.

What is Precision Drilling stock price?

On 2020-07-10, Precision Drilling (PD-T) stock closed at a price of $0.84.