Precision Drilling (TSE:PD) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price lifted by BMO Capital Markets from C$120.00 to C$150.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 26.01% from the stock’s previous close.

Several other research firms also recently issued reports on PD. National Bank Financial boosted their price objective on Precision Drilling from C$100.00 to C$120.00 and gave the company a “sector perform” rating in a report on Friday, January 9th. Raymond James Financial raised their target price on Precision Drilling from C$132.00 to C$133.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Canadian Imperial Bank of Commerce boosted their price target on shares of Precision Drilling from C$110.00 to C$120.00 in a research note on Tuesday, January 13th. ATB Cormark Capital Markets set a C$120.00 price target on shares of Precision Drilling and gave the stock an “outperform” rating in a research report on Friday, December 19th. Finally, Royal Bank Of Canada raised their price objective on shares of Precision Drilling from C$110.00 to C$117.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$134.29.

Precision Drilling Trading Up 5.3%

Shares of PD stock opened at C$119.04 on Thursday. Precision Drilling has a 1-year low of C$51.38 and a 1-year high of C$122.65. The firm has a market cap of C$1.54 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of -3.24 and a beta of 1.43. The company has a 50-day moving average of C$102.91 and a two-hundred day moving average of C$87.92. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported C($0.51) EPS for the quarter. Precision Drilling had a return on equity of 14.96% and a net margin of 12.53%.The company had revenue of C$462.25 million during the quarter.

Key Headlines Impacting Precision Drilling

Here are the key news stories impacting Precision Drilling this week:

• Positive Sentiment: Multiple major firms raised targets — BMO bumped its target to C$150 (largest raise), Raymond James to C$143 (outperform), CIBC and National Bank to C$140, RBC to C$124 (outperform) and TD to C$123 — signaling improved analyst conviction and supporting upside. Analyst Rating Roundup RBC Coverage
• Neutral Sentiment: Company released its 2025 fourth-quarter and year-end unaudited financial results (press release) — investors should dig into cash flow, capital spending and notes on decommissioning to assess recurring profitability versus one-offs. Company Q4 Results
• Negative Sentiment: Media coverage highlights a decommissioning charge that pushed Precision to a Q4 loss — this one-time expense weighed on earnings and sparked some intraday selling in earlier trade; investors should monitor the size and cadence of such charges and any guidance changes. Q4 Loss Coverage

Precision Drilling Company Profile

Precision Drilling Corp is a leader in North American oil and gas services. It is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada. Its segments are Contract Drilling Services which is the majority key revenue generator and other segments include Completion and Production Services.