Precision Drilling (TSE:PD) Price Target Raised to C$140.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price target upped by Canadian Imperial Bank of Commerce from C$120.00 to C$140.00 in a research note released on Friday,BayStreet.CA reports.

PD has been the subject of a number of other research reports. Royal Bank Of Canada boosted 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. TD Securities boosted their price objective on shares of Precision Drilling from C$118.00 to C$123.00 in a research note on Thursday. BMO Capital Markets increased their price objective on shares of Precision Drilling from C$120.00 to C$150.00 in a research report on Thursday. National Bank Financial lifted their target price on shares of 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. Finally, Raymond James Financial upped their price target on shares of Precision Drilling from C$132.00 to C$133.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$134.29.

Precision Drilling Trading Up 5.3%

PD stock opened at C$119.04 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.54 and a debt-to-equity ratio of 51.98. 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 fifty day simple moving average of C$102.91 and a 200-day simple moving average of C$88.11. Precision Drilling has a 52 week low of C$51.38 and a 52 week high of C$122.65.

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

Key Precision Drilling News

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.