Home Daily Stock Opinions and Ratings Precision Drilling (PD-T)

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Precision Drilling (PD-T)

135 watching

TSE:PD

67.12
1.16 (1.70%) 1d
Mar 22, 2023, 8:00 pm
0
DON'T BUY

Precision Drilling(PD-T)

21/03/2023
Precision Drilling

Energy is very cyclical. This will lose money when the economy is on the downturn. That happened a few years ago. Unless you are optimistic about oil prices, don't build a position.

oil / gas field services
Christine Poole
$68.280
No
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COMMENT

Precision Drilling(PD-T)

13/03/2023
Precision Drilling

In drilling services like SLB and Haliburton - a cyclical business. Buy only when out of favour.

oil / gas field services
Lorne Steinberg
$0.000
Unknown
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HOLD

Precision Drilling(PD-T)

21/09/2022
Precision Drilling
Short? Reticent to short. Past year has seen demand for drilling and day rates go up, and this should persist for a while. Good performer. Content to hold.
oil / gas field services
Michael Sprung
$82.370
Owned
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BUY

Precision Drilling(PD-T)

11/08/2022
Precision Drilling
Service company in energy in Canada. Big player in US and Canada. Looks very attractive as a play on energy pickup. In the drilling business for precious metals, and increasingly base metals like copper.
oil / gas field services
David Burrows
$84.310
Owned
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PAST TOP PICK

Precision Drilling(PD-T)

08/04/2022
Precision Drilling
(A Top Pick Aug 10/20, Down 0.19%) Resurgence in energy industry after pandemic has created bull energy market. Will continue to hold shares, as believes company will benefit from increase activity in energy market. Strong company that is well managed. Good balance sheet.
oil / gas field services
Mike Archibald
$97.550
Owned
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COMMENT

Precision Drilling(PD-T)

03/12/2021
Precision Drilling
Would purchase TCW than PD. Owns neither. The collapse on oil price will impair spending further than maintenance capital. There is always a bad actor that ruins the pricing power. Would prefer the producers.
oil / gas field services
Eric Nuttall
$40.260
Unknown
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PAST TOP PICK

Precision Drilling(PD-T)

05/11/2021
Precision Drilling
(A Top Pick Oct 16/20, Up 180%) Historically, service stocks were the high beta stocks but in this cycle, production needs to be kept flat. We will see some service cost inflation next year. We might not see growth in cap-ex though.
oil / gas field services
Eric Nuttall
$54.250
No
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PARTIAL BUY

Precision Drilling(PD-T)

30/04/2021
Precision Drilling
We are on a different cycle than in the past. The business model has shifted which is now positive for oil macro. Oil production growth is no longer elastic to rising oil prices. They are now taking free cashflow and companies are now buying back stocks. There is an opportunity for a rerate. Owned it post-consolidation. Fair value is in the $40s. Does not think the oil company will run out and drill again.
oil / gas field services
Eric Nuttall
$31.430
Unknown
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PAST TOP PICK

Precision Drilling(PD-T)

09/02/2021
Precision Drilling
(A Top Pick Feb 12/20, Down 9%) He used to own 5% of the company and made a 40% profit in a few months--but he sold it way too early. Give this lesson, now he'd rather sit on oil names and ride it out, or else he'll miss the upside. Companies like this won't spend as much capex even with the oil price rise. You can do better elsewhere.
oil / gas field services
Eric Nuttall
$32.290
No
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TOP PICK

Precision Drilling(PD-T)

16/10/2020
Precision Drilling
The biggest land driller in Canada and one of the largest in North America. They still generated free cashflow even during challenging times. At $50 oil, they can generate free cashflow equivalent to their market cap if producers drill to maintain production. Downside is limited since they generated free cash this year still. (Analysts’ price target is $1.22)
oil / gas field services
Eric Nuttall
$0.950
Owned
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BUY on WEAKNESS

Precision Drilling(PD-T)

23/06/2020
Precision Drilling
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
Josef Schachter
$1.050
Unknown
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DON'T BUY

Precision Drilling(PD-T)

06/03/2020
Precision Drilling
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
Eric Nuttall
$1.500
No
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TOP PICK

Precision Drilling(PD-T)

12/02/2020
Precision Drilling
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
Eric Nuttall
$1.600
Owned
UnlockRating
DON'T BUY

Precision Drilling(PD-T)

22/11/2019
Precision Drilling
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
Keith Richards
$1.390
No
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WATCH

Precision Drilling(PD-T)

15/11/2019
Precision Drilling
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
Eric Nuttall
$1.360
No
UnlockRating
Showing 1 to 15 of 709 entries
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Precision Drilling(PD-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 4

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, 4 stock analysts published opinions about PD-T. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . 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 on . 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?

4 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 2023-03-22, Precision Drilling (PD-T) stock closed at a price of $67.12.

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