Precision Drilling (TSE:PD) Stock Price Expected to Rise, TD Securities Analyst Says

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective increased by equities research analysts at TD Securities from C$118.00 to C$123.00 in a research note issued on Thursday,BayStreet.CA reports. TD Securities’ price target suggests a potential upside of 3.33% from the company’s current price.

Other analysts also recently issued research reports about the company. National Bank Financial raised their price target on Precision Drilling from C$100.00 to C$120.00 and gave the stock a “sector perform” rating in a report on Friday, January 9th. BMO Capital Markets increased their price objective on shares of Precision Drilling from C$120.00 to C$150.00 in a report on Thursday. Royal Bank Of Canada lifted their target price on Precision Drilling from C$110.00 to C$117.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Canadian Imperial Bank of Commerce raised their price objective on Precision Drilling from C$110.00 to C$120.00 in a research note on Tuesday, January 13th. Finally, Raymond James Financial upped their price objective on shares of Precision Drilling from C$132.00 to C$133.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$134.29.

Precision Drilling Price Performance

PD opened at C$119.04 on Thursday. The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.36 and a current ratio of 1.54. The company has a market capitalization of C$1.54 billion, a P/E ratio of 28.55, a PEG ratio of -3.24 and a beta of 1.43. Precision Drilling has a 1-year low of C$51.38 and a 1-year high of C$122.65. The company has a 50-day moving average of C$102.91 and a 200-day moving average of C$87.92.

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

Trending Headlines about 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.