Precision Drilling (TSE:PD) Price Target Raised to C$124.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective upped by Royal Bank Of Canada from C$119.00 to C$124.00 in a research report released on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also issued reports on PD. TD Securities boosted their target price on shares of Precision Drilling from C$118.00 to C$123.00 in a research report on Thursday. National Bank Financial boosted their price objective on shares of Precision Drilling from C$120.00 to C$140.00 and gave the stock a “sector perform” rating in a report on Friday. ATB Cormark Capital Markets set a C$120.00 target price on shares of Precision Drilling and gave the company an “outperform” rating in a research note on Friday, December 19th. Canadian Imperial Bank of Commerce boosted their price target on Precision Drilling from C$120.00 to C$140.00 in a research note on Friday. Finally, BMO Capital Markets upped their price target on Precision Drilling from C$120.00 to C$150.00 in a report on Thursday. Three 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 company currently has an average rating of “Moderate Buy” and a consensus target price of C$134.29.

Precision Drilling Price Performance

Shares of TSE:PD opened at C$119.04 on Friday. The company has a market cap of C$1.54 billion, a price-to-earnings ratio of 850.29, a PEG ratio of -3.24 and a beta of 1.43. The business has a 50 day moving average price of C$102.91 and a 200 day moving average price of C$88.11. The company has a quick ratio of 1.36, a current ratio of 1.54 and a debt-to-equity ratio of 51.98. Precision Drilling has a twelve month low of C$51.38 and a twelve month high of C$122.65.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its quarterly earnings results 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 business had revenue of C$462.25 million for the quarter.

Precision Drilling News Summary

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.