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Precision Drilling - PDS Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $44.00
  • Forecasted Upside: -34.65%
  • Number of Analysts: 5
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 3 Buy Ratings
  • 1 Strong Buy Ratings
$67.33 As of 04/18/2024 01:00 AM ET
▼ -0.9 (-1.32%)

This chart shows the closing price for PDS by one month, three months, or twelve months.

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Analyst Price Target for PDS

Analyst Price Target is $44.00
▼ -34.65% Downside Potential
This price target is based on 5 analysts offering 12 month price targets for Precision Drilling in the last 3 months. The average price target is $44.00, with a high forecast of $81.00 and a low forecast of $20.00. The average price target represents a -34.65% upside from the last price of $67.33.

This chart shows the closing price for PDS for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 5 polled investment analysts is to buy stock in Precision Drilling. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 1 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
10/26/2022
  • 1 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
1/24/2023
  • 1 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
4/24/2023
  • 1 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
7/23/2023
  • 1 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
10/21/2023
  • 1 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
1/19/2024
  • 1 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
3/19/2024
  • 1 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
4/18/2024

Latest Recommendations

  • 1 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
2/20/2024Piper SandlerLower TargetOverweight ➝ Overweight$100.00 ➝ $81.00Low
11/21/2023National Bank FinancialDowngradeOutperform ➝ Sector PerformLow
9/13/2023Royal Bank of CanadaBoost TargetOutperform ➝ OutperformC$118.00 ➝ C$125.00Low
9/8/2023Stifel NicolausBoost TargetC$130.00 ➝ C$135.00Low
8/3/2023Raymond JamesBoost TargetStrong-Buy ➝ Strong-BuyC$110.00 ➝ C$115.00Low
7/31/2023Piper SandlerBoost TargetOverweight ➝ Overweight$90.00 ➝ $107.00Low
7/28/2023Royal Bank of CanadaBoost TargetC$100.00 ➝ C$118.00Low
7/28/2023BMO Capital MarketsBoost TargetC$100.00 ➝ C$110.00Low
7/28/2023TD SecuritiesBoost TargetC$105.00 ➝ C$125.00Low
7/19/2023BenchmarkUpgradeHold ➝ BuyLow
6/2/2023Raymond JamesLower TargetC$135.00 ➝ C$110.00Low
5/1/2023Piper SandlerLower Target$115.00 ➝ $91.00Low
4/27/2023Royal Bank of CanadaLower TargetC$130.00 ➝ C$120.00Low
4/27/2023BMO Capital MarketsBoost TargetC$115.00 ➝ C$125.00Low
4/14/2023CIBCLower TargetC$150.00 ➝ C$135.00Low
2/16/2023BenchmarkInitiated CoverageHoldLow
2/13/2023Raymond JamesLower TargetC$140.00 ➝ C$135.00Low
2/10/2023BMO Capital MarketsLower TargetC$175.00 ➝ C$140.00Low
1/17/2023CIBCUpgradeNeutral ➝ Buy$150.00Low
11/1/2022Piper SandlerBoost Target$128.00Low
10/28/2022TD SecuritiesBoost TargetC$135.00 ➝ C$145.00Low
10/28/2022Stifel NicolausBoost TargetC$140.00 ➝ C$165.00Low
9/28/2022Raymond JamesLower TargetC$130.00 ➝ C$115.00Low
8/19/2022Canaccord Genuity GroupLower TargetC$115.00 ➝ C$100.00Low
7/28/2022BMO Capital MarketsBoost TargetC$130.00 ➝ C$140.00Low
7/28/2022Stifel NicolausBoost TargetC$145.00 ➝ C$150.00Low
7/28/2022TD SecuritiesBoost TargetC$130.00 ➝ C$135.00Low
6/1/2022Piper SandlerBoost TargetOverweight$110.00 ➝ $125.00High
5/17/2022Raymond JamesUpgradeOutperform ➝ Strong-BuyHigh
5/4/2022Piper SandlerLower Target$115.00 ➝ $110.00Medium
4/29/2022Royal Bank of CanadaBoost TargetC$135.00 ➝ C$147.00Medium
4/29/2022Stifel NicolausBoost TargetC$135.00 ➝ C$142.00Medium
4/29/2022TD SecuritiesBoost TargetC$125.00 ➝ C$130.00Medium
4/22/2022Canaccord Genuity GroupBoost TargetHold ➝ HoldC$85.00 ➝ C$105.00Low
4/14/2022CIBCBoost TargetC$82.50 ➝ C$115.00Low
4/13/2022Piper SandlerBoost TargetOverweight$85.00 ➝ $115.00High
3/29/2022Raymond JamesBoost TargetC$62.50 ➝ C$115.00Low
2/16/2022Stifel NicolausBoost TargetC$75.00 ➝ C$80.00High
2/15/2022Piper SandlerBoost Target$57.00 ➝ $85.00High
2/11/2022National Bank FinancialBoost TargetC$65.00 ➝ C$80.00High
2/11/2022BMO Capital MarketsBoost TargetC$65.00 ➝ C$75.00High
2/11/2022CIBCBoost TargetC$65.00 ➝ C$70.00High
2/11/2022Royal Bank of CanadaBoost TargetC$71.00 ➝ C$81.00High
2/11/2022TD SecuritiesBoost TargetC$75.00 ➝ C$85.00High
1/18/2022Raymond JamesUpgradeMarket Perform ➝ OutperformMedium
12/21/2021Piper SandlerUpgradeNeutral ➝ Overweight$55.00 ➝ $57.00High
12/9/2021TD SecuritiesUpgradeHold ➝ BuyHigh
10/22/2021National Bank FinancialBoost TargetOutperformC$55.00 ➝ C$65.00Low
10/22/2021TD SecuritiesLower TargetHoldC$60.00 ➝ C$57.00Low
10/22/2021Stifel NicolausBoost TargetBuyC$69.00 ➝ C$71.00Medium
10/21/2021Raymond JamesDowngradeOutperform ➝ Market PerformMedium
10/15/2021Evercore ISIUpgradeBuy$70.00Medium
10/15/2021CIBCBoost TargetNeutralC$60.00 ➝ C$65.00Low
10/8/2021Royal Bank of CanadaReiterated RatingBuyC$66.00Medium
9/24/2021Tudor PickeringReiterated RatingBuyHigh
7/26/2021Tudor PickeringUpgradeHold ➝ Buy$33.99High
7/23/2021Royal Bank of CanadaBoost TargetOutperformC$62.00 ➝ C$65.00Low
7/14/2021CIBCDowngradeSector Outperform ➝ Neutral$60.00High
6/23/2021Evercore ISIUpgradeIn-Line ➝ OutperformHigh
6/7/2021Raymond JamesDowngradeStrong-Buy ➝ OutperformHigh
6/7/2021TD SecuritiesDowngradeBuy ➝ HoldHigh
6/4/2021CIBCBoost TargetOutperformC$45.00 ➝ C$50.00Medium
6/4/2021Stifel NicolausBoost TargetBuyC$44.00 ➝ C$53.00Medium
6/3/2021Royal Bank of CanadaBoost TargetOutperformC$44.00 ➝ C$50.00High
4/28/2021Piper SandlerBoost TargetNeutral$26.00 ➝ $33.00High
4/23/2021BMO Capital MarketsReiterated RatingBuy$45.00Low
4/15/2021National Bank FinancialUpgradeSector Perform ➝ OutperformHigh
3/25/2021Morgan StanleyBoost TargetEqual Weight$30.00 ➝ $35.00High
2/11/2021Royal Bank of CanadaBoost TargetOutperform$32.00 ➝ $42.00Low
1/19/2021CIBCInitiated CoverageOutperformMedium
1/12/2021Raymond JamesUpgradeMarket Perform ➝ Strong-BuyMedium
1/11/2021Wolfe ResearchUpgradeUnderperform ➝ Peer PerformLow
1/6/2021BMO Capital MarketsBoost TargetOutperform$25.00 ➝ $30.00N/A
1/6/2021Piper SandlerBoost TargetPositive ➝ Neutral$12.00 ➝ $18.00N/A
12/15/2020Smith Barney CitigroupReiterated RatingNeutralLow
11/2/2020Stifel FirstegyReiterated RatingBuyHigh
10/23/2020TD SecuritiesBoost TargetBuy$30.00 ➝ $32.00Medium
10/7/2020Atb Cap MarketsUpgradeSector Perform ➝ OutperformHigh
9/24/2020Raymond JamesBoost TargetMarket Perform$18.00 ➝ $20.00Low
7/24/2020Raymond JamesReiterated RatingHold$18.00Low
7/24/2020Royal Bank of CanadaBoost TargetOutperform$25.00 ➝ $30.00Low
7/8/2020Morgan StanleyLower TargetEqual Weight$20.00 ➝ $15.00Low
7/5/2020National Bank FinancialDowngradeOutperform Overweight ➝ Sector Perform OverweightLow
6/30/2020BMO Capital MarketsBoost TargetOutperform$20.00 ➝ $25.00High
6/10/2020Raymond JamesDowngradeOutperform ➝ Market Perform$18.00Low
5/28/2020Piper SandlerBoost TargetNeutral$6.00 ➝ $12.00Low
5/1/2020TD SecuritiesDowngradeBuyLow
5/1/2020Royal Bank of CanadaBoost TargetOutperform$22.00 ➝ $25.00Low
4/26/2020National Bank FinancialReiterated RatingOutperform OverweightHigh
4/15/2020Piper SandlerLower TargetOverweight ➝ Neutral$40.00 ➝ $6.00High
4/14/2020Piper SandlerDowngradeOverweight ➝ Hold$8.40High
3/25/2020Tudor PickeringReiterated RatingHoldHigh
3/25/2020Royal Bank of CanadaLower TargetOutperform$30.00 ➝ $25.00High
3/19/2020Tudor PickeringReiterated RatingHoldMedium
3/19/2020Wolfe ResearchDowngradePeer Perform ➝ UnderperformHigh
3/16/2020Morgan StanleyDowngradeOverweight ➝ Equal WeightHigh
3/12/2020AltaCorp CapitalDowngradeOutperform ➝ Sector PerformHigh
3/11/2020Tudor PickeringDowngradeBuy ➝ HoldHigh
3/9/2020ScotiabankDowngradeSector Perform ➝ UnderperformHigh
3/9/2020Evercore ISIDowngradeOutperformHigh
11/29/2019ScotiabankUpgradeUnderperform ➝ Hold$30.00Medium
11/27/2019Wolfe ResearchInitiated CoverageMarket PerformLow
11/21/2019Wolfe ResearchInitiated CoverageHold$26.00Low
10/23/2019ScotiabankDowngradeSector Perform ➝ Sector UnderperformLow
10/7/2019Morgan StanleyLower TargetOverweight$50.00 ➝ $40.00High
9/30/2019CitigroupDowngradeBuy ➝ NeutralHigh
9/10/2019BMO Capital MarketsSet TargetBuy$60.00High
9/4/2019TD SecuritiesUpgradeBuyHigh
7/30/2019Piper Sandler CompaniesLower TargetOverweight$50.00 ➝ $40.00High
7/12/2019Morgan StanleyLower TargetOverweight$70.00 ➝ $60.00Medium
6/20/2019AltaCorp CapitalReiterated RatingOutperformMedium
6/5/2019Raymond JamesReiterated RatingBuyLow
4/26/2019BMO Capital MarketsReiterated RatingBuyLow
4/26/2019Raymond JamesReiterated RatingBuyLow
(Data available from 4/18/2019 forward)

News Sentiment Rating

0.51 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 5 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/21/2023
  • 3 very positive mentions
  • 2 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
10/21/2023
  • 1 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
11/20/2023
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/20/2023
  • 6 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/19/2024
  • 6 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
2/18/2024
  • 4 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
3/19/2024
  • 4 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/18/2024

Current Sentiment

  • 4 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Precision Drilling logo
Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the geothermal, oil and natural gas industry. This segment offers services include land and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture and repair of drilling and service rig equipment. In addition, it operates land drilling rigs in Canada, the United States, and the Middle East, as well as operates AlphaAutomation, AlphaApps, and AlphaAnalytics data services. The company offers EverGreen suite of environmental solutions comprising EverGreenMonitoring, EverGreenEnergy, and EverGreen Fuel Cell. The Completion and Production Services segment provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. This segment operates well completion and workover service rigs in Canada and the United States. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.
Read More

Today's Range

Now: $67.33
Low: $67.25
High: $68.73

50 Day Range

MA: $65.47
Low: $59.27
High: $76.58

52 Week Range

Now: $67.33
Low: $41.56
High: $77.21

Volume

48,707 shs

Average Volume

83,584 shs

Market Capitalization

$974.94 million

P/E Ratio

4.94

Dividend Yield

N/A

Beta

2.11

Frequently Asked Questions

What sell-side analysts currently cover shares of Precision Drilling?

The following Wall Street sell-side analysts have issued stock ratings on Precision Drilling in the last year: Benchmark Co., BMO Capital Markets, National Bank Financial, Piper Sandler, Raymond James, Royal Bank of Canada, Stifel Nicolaus, StockNews.com, TD Securities, and TheStreet.
View the latest analyst ratings for PDS.

What is the current price target for Precision Drilling?

5 Wall Street analysts have set twelve-month price targets for Precision Drilling in the last year. Their average twelve-month price target is $44.00, suggesting a possible downside of 35.5%. Piper Sandler has the highest price target set, predicting PDS will reach $81.00 in the next twelve months. Raymond James has the lowest price target set, forecasting a price of $20.00 for Precision Drilling in the next year.
View the latest price targets for PDS.

What is the current consensus analyst rating for Precision Drilling?

Precision Drilling currently has 1 hold rating, 3 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe PDS will outperform the market and that investors should add to their positions of Precision Drilling.
View the latest ratings for PDS.

What other companies compete with Precision Drilling?

Other companies that are similar to Precision Drilling include Borr Drilling, Nabors Industries, HighPeak Energy, Canadian Solar and Ameresco. Learn More about companies similar to Precision Drilling.

How do I contact Precision Drilling's investor relations team?

Precision Drilling's physical mailing address is 525 - 8 Avenue S.W. Suite 800, Calgary A0, T2P 1G1. The oil and gas company's listed phone number is (403) 716-4500 and its investor relations email address is [email protected]. The official website for Precision Drilling is www.precisiondrilling.com. Learn More about contacing Precision Drilling investor relations.