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Precision Drilling (PD-T)
TSE:PD
95.04
2.30
(2.36%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Weekly 52-Week Low (or 52-Week High): ARE-T, CS-T, TLO-T, SVA-X and More 52-Week Highs and Lows (Apr 03-09)Stocks fade into the closeWall Street climbs, TSX declines amid earningsThis summary was created by AI, based on 2 opinions in the last 12 months.
The experts' reviews indicate that Precision Drilling is currently considered a highly attractive investment opportunity due to its low debt, strong free cash flow yield, and potential for significant upside. The company is focused on maximizing free cash flow and de-leveraging, with plans to reward shareholders in the near future. The backdrop of LNG Canada and good macro headwinds further support its positive outlook. Overall, Precision Drilling is viewed as a compelling investment with significant potential for growth and shareholder reward.
$96.160
Owned
At an extremely attractive level. Focused on maximizing free cashflow and de-leveraging. Anticipates it meeting an inflection point of moving from using money to de-lever to using it to reward shareholders, by Q2 of next year.
A non-depleting business, low-maintenance assets. Backdrop of LNG Canada, replenishing inventory, good macro headwinds. His numbers show 34% free cashflow yield next year, 36% the year after. His target is $177. No dividend.
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.
In drilling services like SLB and Haliburton - a cyclical business. Buy only when out of favour.
Precision Drilling(PD-T) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
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, there was no coverage of Precision Drilling published on Stockchase.
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?
0 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 2024-04-15, Precision Drilling (PD-T) stock closed at a price of $95.04.
Ridiculously cheap. Investors don't realize how much debt they have paid down. Much upside ahead. 26% free cash flow yield then 30% this and next year. They will return 30-40% of that cash flow to investors, but will tell them it should be 50%. It trades at a discount to US peers. has 100% upside.
(Analysts’ price target is $123.39)