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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PD-CT Fundamental Data  by TradingView
PD-CT Chart  by TradingView
Technical Analysis for PD-CT  by TradingView

Analysis and Opinions about PD-T

Signal
Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
Precision Drilling (PD-T)
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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Precision Drilling (PD-T)
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.
oil/gas field services
0 Comments
Josef Schachter

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Price
$1.050
Owned
Unknown
DON'T BUY
DON'T BUY
Precision Drilling (PD-T)
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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Precision Drilling (PD-T)
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.
oil/gas field services
0 Comments
Eric Nuttall

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Price
$1.500
Owned
No
TOP PICK
TOP PICK
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)
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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)
oil/gas field services
0 Comments
Eric Nuttall

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Price
$1.600
Owned
Yes
DON'T BUY
DON'T BUY
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.
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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.
oil/gas field services
0 Comments
Keith Richards

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Price
$1.390
Owned
No
WATCH
WATCH
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.
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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.
oil/gas field services
0 Comments
Eric Nuttall

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Price
$1.360
Owned
No
BUY WEAKNESS
BUY WEAKNESS
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.
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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.
oil/gas field services
0 Comments
Josef Schachter

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Price
$1.370
Owned
Unknown
COMMENT
COMMENT
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.
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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.
oil/gas field services
0 Comments
Bruce Murray

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Price
$2.010
Owned
No
DON'T BUY
DON'T BUY
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.
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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.
oil/gas field services
0 Comments
Brian Madden

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Price
$1.680
Owned
No
DON'T BUY
DON'T BUY
Precision Drilling (PD-T)
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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Precision Drilling (PD-T)
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.
oil/gas field services
0 Comments
Josef Schachter

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Price
$1.400
Owned
Unknown
WEAK BUY
WEAK BUY
Precision Drilling (PD-T)
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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Precision Drilling (PD-T)
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.
oil/gas field services
0 Comments
Benj Gallander

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Price
$1.450
Owned
No
SPECULATIVE BUY
SPECULATIVE BUY
Precision Drilling (PD-T)
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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Precision Drilling (PD-T)
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.
oil/gas field services
0 Comments
Josef Schachter

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Price
$2.180
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
Precision Drilling (PD-T)
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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Precision Drilling (PD-T)
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.
oil/gas field services
0 Comments
Michael Sprung

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Price
$2.290
Owned
Yes
TOP PICK
TOP PICK
Precision Drilling (PD-T)
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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Precision Drilling (PD-T)
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)
oil/gas field services
0 Comments
Peter Imhof

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Price
$2.300
Owned
Yes
DON'T BUY
DON'T BUY
Precision Drilling (PD-T)
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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Precision Drilling (PD-T)
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.
oil/gas field services
0 Comments
Lyle Stein

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Price
$2.920
Owned
No
WEAK BUY
WEAK BUY
Precision Drilling (PD-T)
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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Precision Drilling (PD-T)
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.
oil/gas field services
0 Comments
Jaime Carrasco

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Price
$3.655
Owned
No
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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.

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