Precision Drilling Corp(Calgary)

PDS · TORONTO

$94.29+$3.86 (+4.27%)TodayMarket closed · Oct 23, 7:38 PM ET

Prev close $90.43

PDS analyst rating

BuyConsensus of 4 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy4
Hold0
Underperform0
Sell0

12-month price target · 11 analysts

Average $107.74 (+14.3% upside)

Low: $83.25
Now: $94.29
High: $126.83

Upgrades and downgrades

The latest rating actions, newest first

PDS analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
TD Securities	Oct 20, 2026	Upgrade	Hold → Buy	$116.00 → $150.00	25%
RBC Capital	Mar 23, 2026	Maintains	Outperform	$124.00 → $140.00	44%
Freedom Broker	Mar 2, 2026	Maintains	Buy	$114.00 → $122.00	76%
Piper Sandler	Feb 17, 2026	Maintains	Overweight	$81.00 → $105.00	51%
RBC Capital	Feb 13, 2026	Maintains	Outperform	$119.00 → $124.00	44%
Piper Sandler	Dec 18, 2025	Maintains	Overweight	$79.00 → $81.00	51%
Freedom Broker	Oct 29, 2025	Maintains	Buy	$106.00 → $114.00	76%
Piper Sandler	Oct 28, 2025	Maintains	Overweight	$74.00 → $79.00	51%
RBC Capital	Oct 24, 2025	Maintains	Outperform	$110.00 → $117.00	44%

The case for and against

Updated Apr 10, 2026

Bull case

Precision Drilling Corp demonstrates a positive outlook due to its strategic positioning within the Contract Drilling Services segment, which has shown resilience with an expected increase in gross margins for 2026, reflecting a strong operational foundation bolstered by a growth in rig counts. The company is well-positioned to leverage an improved balance sheet, increasing visibility in the U.S. market, and an internationally diversified portfolio, all of which provide substantial growth opportunities. Furthermore, the anticipated adjustments in EBITDA estimates for 2025, 2026, and 2027 indicate an upward trend in profitability, which enhances the company's ability to invest in growth and return capital to shareholders.

Bear case

Precision Drilling Corp faces significant challenges that contribute to a negative outlook on its stock, primarily driven by unmet activity forecasts and a failure to achieve desired high-spec rig utilization in the United States. The company is also struggling to generate free cash flow (FCF), which hampers its ability to reduce debt amid weaker oil prices leading to decreased demand for oil-directed drilling. Furthermore, despite maintaining forecasts for revenue and gross margins, the overall market conditions indicate a troubling trend for the company's financial performance going forward.

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