Precision Drilling (TSE:PD) Price Target Raised to C$143.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price target increased by Raymond James Financial from C$131.00 to C$143.00 in a research note released on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts have also recently commented on the stock. TD Securities upped their price objective on shares of Precision Drilling from C$118.00 to C$123.00 in a research report on Thursday. Royal Bank Of Canada increased their price target on Precision Drilling from C$119.00 to C$124.00 and gave the stock an “outperform” rating in a report on Friday. National Bank Financial lifted their price objective on Precision Drilling from C$120.00 to C$140.00 and gave the company a “sector perform” rating in a report on Friday. BMO Capital Markets boosted their price objective on Precision Drilling from C$120.00 to C$150.00 in a research report on Thursday. Finally, ATB Cormark Capital Markets set a C$120.00 target price on shares of Precision Drilling and gave the stock an “outperform” rating in a report on Friday, December 19th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$134.29.

Precision Drilling Stock Up 5.3%

Precision Drilling stock opened at C$119.04 on Friday. The firm has a market capitalization 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 company’s 50 day simple moving average is C$102.91 and its 200 day simple moving average is C$88.11. 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 has a fifty-two week low of C$51.38 and a fifty-two week high of C$122.65.

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

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

About Precision Drilling

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.