NYSE:PDS - Precision Drilling Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $37.33
  • Forecasted Upside: -5.03 %
  • Number of Analysts: 14
  • Breakdown:
  • 0 Sell Ratings
  • 6 Hold Ratings
  • 8 Buy Ratings
  • 0 Strong Buy Ratings
$39.31
▲ +1.41 (3.72%)
1 month | 3 months | 12 months
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Analyst Price Target for PDS

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$37.33
▼ -5.03% Downside Potential
This price target is based on 14 analysts offering 12 month price targets for Precision Drilling in the last 3 months. The average price target is $37.33, with a high forecast of $53.00 and a low forecast of $18.00. The average price target represents a -5.03% upside from the last price of $39.31.

Buy

The current consensus among 14 investment analysts is to buy stock in Precision Drilling. This rating has held steady since February 2021, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 5 buy ratings
  • 6 hold ratings
  • 1 sell ratings
12/22/2019
  • 0 strong buy ratings
  • 4 buy ratings
  • 6 hold ratings
  • 1 sell ratings
3/21/2020
  • 0 strong buy ratings
  • 6 buy ratings
  • 7 hold ratings
  • 1 sell ratings
6/19/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 7 hold ratings
  • 1 sell ratings
9/17/2020
  • 0 strong buy ratings
  • 7 buy ratings
  • 8 hold ratings
  • 1 sell ratings
12/16/2020
  • 0 strong buy ratings
  • 7 buy ratings
  • 7 hold ratings
  • 0 sell ratings
3/16/2021
  • 0 strong buy ratings
  • 7 buy ratings
  • 6 hold ratings
  • 0 sell ratings
5/15/2021
  • 0 strong buy ratings
  • 8 buy ratings
  • 6 hold ratings
  • 0 sell ratings
6/14/2021

Latest Recommendations

  • 0 strong buy ratings
  • 8 buy ratings
  • 6 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
6/7/2021Raymond JamesDowngradeStrong-Buy ➝ OutperformHigh
i
6/7/2021TD SecuritiesDowngradeBuy ➝ HoldHigh
i
6/4/2021CIBCBoost Price TargetOutperformC$45.00 ➝ C$50.00Medium
i
6/4/2021Stifel NicolausBoost Price TargetBuyC$44.00 ➝ C$53.00Medium
i
6/3/2021Royal Bank of CanadaBoost Price TargetOutperformC$44.00 ➝ C$50.00High
i
4/28/2021Piper SandlerBoost Price TargetNeutral$26.00 ➝ $33.00High
i
4/23/2021BMO Capital MarketsReiterated RatingBuy$45.00Low
i
Rating by John Gibson at BMO Capital Markets
4/15/2021National Bank FinancialUpgradeSector Perform ➝ OutperformHigh
i
3/25/2021Morgan StanleyBoost Price TargetEqual Weight$30.00 ➝ $35.00High
i
2/11/2021Royal Bank of CanadaBoost Price TargetOutperform$32.00 ➝ $42.00Low
i
1/19/2021CIBCInitiated CoverageOutperformMedium
i
1/12/2021Raymond JamesUpgradeMarket Perform ➝ Strong-BuyMedium
i
1/11/2021Wolfe ResearchUpgradeUnderperform ➝ Peer PerformLow
i
1/6/2021BMO Capital MarketsBoost Price TargetOutperform$25.00 ➝ $30.00N/A
i
1/6/2021Piper SandlerBoost Price TargetPositive ➝ Neutral$12.00 ➝ $18.00N/A
i
12/15/2020Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon RussellReiterated RatingNeutralLow
i
12/15/2020Smith Barney CitigroupReiterated RatingNeutralLow
i
11/2/2020Stifel FirstegyReiterated RatingBuyHigh
i
Rating by C. Pereira at Stifel Firstegy
10/23/2020TD SecuritiesBoost Price TargetBuy$30.00 ➝ $32.00Medium
i
10/7/2020Atb Cap MarketsUpgradeSector Perform ➝ OutperformHigh
i
Rating by W. Syed at Atb Cap Markets
9/24/2020Raymond JamesBoost Price TargetMarket Perform$18.00 ➝ $20.00Low
i
Rating by Andrew Bradford at Raymond James
7/24/2020Raymond JamesReiterated RatingHold$18.00Low
i
Rating by Andrew Bradford at Raymond James
7/24/2020Royal Bank of CanadaBoost Price TargetOutperform$25.00 ➝ $30.00Low
i
7/22/2020Canaccord GenuityReiterated RatingHold$18.00Low
i
Rating by Anthony Petrucci at Canaccord Genuity
7/8/2020Morgan StanleyLower Price TargetEqual Weight$20.00 ➝ $15.00Low
i
7/5/2020National Bank FinancialDowngradeOutperform Overweight ➝ Sector Perform OverweightLow
i
Rating by Greg Colman at National Bank Financial
6/30/2020BMO Capital MarketsBoost Price TargetOutperform$20.00 ➝ $25.00High
i
6/18/2020Canaccord GenuityBoost Price TargetHold$18.00 ➝ $25.00Low
i
Rating by Anthony Petrucci at Canaccord Genuity
6/10/2020Raymond JamesDowngradeOutperform ➝ Market Perform$18.00Low
i
Rating by Andrew Bradford at Raymond James
5/28/2020Piper SandlerBoost Price TargetNeutral$6.00 ➝ $12.00Low
i
Rating by John Watson at Piper Sandler
5/1/2020TD SecuritiesDowngradeBuyLow
i
5/1/2020Royal Bank of CanadaBoost Price TargetOutperform$22.00 ➝ $25.00Low
i
4/26/2020National Bank FinancialReiterated RatingOutperform OverweightHigh
i
Rating by J. Hunt at National Bank Financial
4/15/2020Piper SandlerLower Price TargetOverweight ➝ Neutral$40.00 ➝ $6.00High
i
Rating by John Watson at Piper Sandler
4/14/2020Piper SandlerDowngradeOverweight ➝ Hold$8.40High
i
Rating by John Watson at Piper Sandler
3/25/2020Tudor PickeringReiterated RatingHoldHigh
i
Rating by Taylor Zurcher at Tudor Pickering
3/25/2020Royal Bank of CanadaLower Price TargetOutperform$30.00 ➝ $25.00High
i
3/19/2020Tudor PickeringReiterated RatingHoldMedium
i
Rating by Taylor Zurcher at Tudor Pickering
3/19/2020Wolfe ResearchDowngradePeer Perform ➝ UnderperformHigh
i
Rating by Blake Gendron at Wolfe Research
3/16/2020Morgan StanleyDowngradeOverweight ➝ Equal WeightHigh
i
3/12/2020AltaCorp CapitalDowngradeOutperform ➝ Sector PerformHigh
i
Rating by W. Syed at AltaCorp Capital
3/11/2020Tudor PickeringDowngradeBuy ➝ HoldHigh
i
3/10/2020Canaccord GenuityDowngradeHold$20.00High
i
Rating by Anthony Petrucci at Canaccord Genuity
3/9/2020ScotiabankDowngradeSector Perform ➝ UnderperformHigh
i
Rating by Vladislav Vlad at Scotiabank
3/9/2020Evercore ISIDowngradeOutperformHigh
i
11/29/2019ScotiabankUpgradeUnderperform ➝ Hold$30.00Medium
i
11/27/2019Wolfe ResearchInitiated CoverageMarket PerformLow
i
Rating by Blake Gendron at Wolfe Research
11/21/2019Wolfe ResearchInitiated CoverageHold$26.00Low
i
10/23/2019ScotiabankDowngradeSector Perform ➝ Sector UnderperformLow
i
10/7/2019Morgan StanleyLower Price TargetOverweight$50.00 ➝ $40.00High
i
Rating by Connor Lynagh at Morgan Stanley
9/30/2019CitigroupDowngradeBuy ➝ NeutralHigh
i
9/10/2019BMO Capital MarketsSet Price TargetBuy$60.00High
i
Rating by Michael Mazar at BMO Capital Markets
9/4/2019TD SecuritiesUpgradeBuyHigh
i
8/16/2019Canaccord GenuityReiterated RatingBuyHigh
i
Rating by John Bereznicki at Canaccord Genuity
7/30/2019Piper Jaffray CompaniesLower Price TargetOverweight$50.00 ➝ $40.00High
i
7/12/2019Morgan StanleyLower Price TargetOverweight$70.00 ➝ $60.00Medium
i
6/20/2019AltaCorp CapitalReiterated RatingOutperformMedium
i
Rating by W. Syed at AltaCorp Capital
6/5/2019Raymond JamesReiterated RatingBuyLow
i
Rating by Andrew Bradford at Raymond James
4/26/2019BMO Capital MarketsReiterated RatingBuyLow
i
Rating by Michael Mazar at BMO Capital Markets
4/26/2019Raymond JamesReiterated RatingBuyLow
i
Rating by Andrew Bradford at Raymond James
3/19/2019Raymond JamesReiterated RatingBuyMedium
i
Rating by Andrew Bradford at Raymond James
3/19/2019National Bank FinancialReiterated RatingBuyMedium
i
Rating by Greg Colman at National Bank Financial
3/19/2019CIBCReiterated RatingBuyMedium
i
Rating by Jon Morrison at CIBC
3/19/2019ScotiabankReiterated RatingSellLow
i
Rating by Vladislav Vlad at Scotiabank
3/15/2019Jefferies Financial GroupDowngradeBuy ➝ Hold$60.00 ➝ $52.00High
i
2/15/2019BMO Capital MarketsReiterated RatingBuyHigh
i
Rating by Michael Mazar at BMO Capital Markets
1/30/2019Raymond JamesUpgradeOutperform ➝ Strong-BuyHigh
i
Rating by Andrew Bradford at Raymond James
12/21/2018National Bank FinancialInitiated CoverageOutperform ➝ OutperformHigh
i
Rating by G. Colman at National Bank Financial
12/11/2018BMO Capital MarketsReiterated RatingBuyLow
i
Rating by Michael Mazar at BMO Capital Markets
12/3/2018GMP SecuritiesReiterated RatingBuyLow
i
11/29/2018TD SecuritiesReiterated RatingBuyMedium
i
Rating by Aaron Macneil at TD Securities
11/29/2018ScotiabankDowngradeSector Perform ➝ UnderperformHigh
i
11/25/2018Canaccord GenuityReiterated RatingBuyLow
i
Rating by John Bereznicki at Canaccord Genuity
11/19/2018CitigroupUpgradeNeutral ➝ BuyHigh
i
11/9/2018Canaccord GenuityUpgradeHold ➝ BuyHigh
i
11/5/2018Credit Suisse GroupLower Price TargetNeutral ➝ Hold$78.00 ➝ $60.00Low
i
Rating by James Wicklund at Credit Suisse Group AG
10/30/2018Raymond JamesReiterated RatingBuyLow
i
Rating by Andrew Bradford at Raymond James
10/26/2018ScotiabankUpgradeUnderperform ➝ Sector PerformLow
i
10/16/2018Canaccord GenuityReiterated RatingHoldMedium
i
10/3/2018Piper Jaffray CompaniesSet Price TargetBuy$120.00High
i
Rating by Bill Herbert at Piper Jaffray Companies
9/5/2018TD SecuritiesDowngradeBuyHigh
i
7/31/2018Piper Jaffray CompaniesReiterated RatingBuy$105.00Low
i
Rating by John Daniel at Piper Jaffray Companies
7/30/2018Jefferies Financial GroupSet Price TargetBuy$100.00Low
i
Rating by Brad Handler at Jefferies Financial Group Inc.
7/27/2018Credit Suisse GroupBoost Price TargetNeutral ➝ Neutral$76.00 ➝ $78.00Low
i
7/12/2018Morgan StanleyUpgradeEqual Weight ➝ Overweight$85.00High
i
4/11/2018Morgan StanleyLower Price TargetEqual Weight ➝ Equal Weight$90.00 ➝ $85.00High
i
4/5/2018Piper Jaffray CompaniesSet Price TargetBuy$80.00Low
i
Rating by John Daniel at Piper Jaffray Companies
2/27/2018Credit Suisse GroupReiterated RatingNeutral ➝ Neutral$60.00 ➝ $68.00High
i
11/7/2017ScotiabankDowngradeSector Perform ➝ UnderperformN/A
i
10/29/2017Piper Jaffray CompaniesSet Price TargetBuy$80.00N/A
i
Rating by John Daniel at Piper Jaffray Companies
10/18/2017CowenSet Price TargetBuy$100.00N/A
i
Rating by Marc Bianchi at Cowen Inc
10/10/2017Deutsche Bank AktiengesellschaftInitiated CoverageHold$80.00N/A
i
10/6/2017Royal Bank of CanadaReiterated RatingOutperform$140.00 ➝ $120.00N/A
i
9/18/2017Piper Jaffray CompaniesUpgradeNeutral ➝ Overweight$72.00 ➝ $85.00Low
i
9/12/2017JPMorgan Chase & Co.DowngradeOverweight ➝ NeutralMedium
i
9/11/2017TD SecuritiesInitiated CoverageBuyHigh
i
8/3/2017Piper Jaffray CompaniesReiterated RatingHold$65.00High
i
8/2/2017Jefferies Financial GroupReiterated RatingBuy$120.00 ➝ $90.00Low
i
Rating by Brad Handler at Jefferies Financial Group Inc.
7/11/2017CowenReiterated RatingBuy$100.00High
i
7/6/2017Raymond JamesUpgradeOutperform ➝ Strong-BuyHigh
i
7/6/2017UBS GroupUpgradeOutperform ➝ Strong-BuyN/A
i
6/29/2017Piper Jaffray CompaniesDowngradeOverweight ➝ Neutral$100.00 ➝ $65.00High
i
6/21/2017Morgan StanleyDowngradeOverweight ➝ Equal Weight$180.00 ➝ $90.00High
i
6/6/2017Jefferies Financial GroupSet Price TargetBuy$120.00Low
i
Rating by Brad Handler at Jefferies Financial Group Inc.
6/6/2017Wolfe ResearchDowngradeOutperform ➝ Market PerformHigh
i
5/3/2017Jefferies Financial GroupLower Price TargetBuy$130.00 ➝ $120.00High
i
Rating by Brad Handler at Jefferies Financial Group Inc.
4/26/2017Raymond JamesUpgradeMarket Perform ➝ OutperformMedium
i
4/26/2017CitigroupReiterated RatingOutperformMedium
i
Rating by Michael Sabella at Citigroup Inc.
4/25/2017Deutsche Bank AktiengesellschaftBoost Price TargetBuy$160.00 ➝ $200.00Medium
i
Rating by Mike Urban at Deutsche Bank Aktiengesellschaft
4/11/2017Jefferies Financial GroupUpgradeHold ➝ Buy$140.00Medium
i
Rating by Brad Handler at Jefferies Financial Group Inc.
3/22/2017Jefferies Financial GroupReiterated RatingHold$120.00High
i
2/22/2017ScotiabankUpgradeUnderperform ➝ Sector PerformN/A
i
Rating by V. Vlad at Scotiabank
2/10/2017Raymond JamesUpgradeUnderperform ➝ Market Perform$126.00N/A
i
2/10/2017UBS GroupUpgradeUnderperform ➝ Market PerformN/A
i
2/3/2017JPMorgan Chase & Co.UpgradeNeutral ➝ OverweightN/A
i
1/19/2017Deutsche Bank AktiengesellschaftUpgradeHold ➝ Buy$200.00N/A
i
Rating by Mike Urban at Deutsche Bank Aktiengesellschaft
1/12/2017Raymond JamesDowngradeMarket Perform ➝ UnderperformN/A
i
1/6/2017Piper Jaffray CompaniesUpgradeNeutral ➝ Overweight$140.00N/A
i
1/4/2017Credit Suisse GroupUpgradeUnderperform ➝ Neutral$85.00 ➝ $120.00N/A
i
12/14/2016CitigroupInitiated CoverageNeutralN/A
i
12/7/2016Wolfe ResearchUpgradeMarket Perform ➝ OutperformN/A
i
11/29/2016Tudor PickeringUpgradeHold ➝ BuyN/A
i
11/3/2016TD SecuritiesReiterated RatingBuy$160.00N/A
i
10/24/2016Canaccord GenuityReiterated RatingHold$135.00 ➝ $145.00N/A
i
10/24/2016Royal Bank of CanadaReiterated RatingOutperform$160.00N/A
i
10/24/2016ScotiabankUpgradeUnderperform ➝ Sector PerformN/A
i
Rating by V. Vlad at Scotiabank
10/8/2016Royal Bank of CanadaReiterated RatingOutperform$160.00N/A
i
9/15/2016DA DavidsonInitiated CoverageBuyN/A
i
Rating by S. Randhawa at DA Davidson
9/6/2016Jefferies Financial GroupUpgradeUnderperform ➝ Hold$80.00 ➝ $90.00N/A
i
7/26/2016TD SecuritiesReiterated RatingBuy$190.00 ➝ $170.00N/A
i
7/26/2016Jefferies Financial GroupReiterated RatingSell$80.00N/A
i
7/24/2016Deutsche Bank AktiengesellschaftSet Price TargetHold$100.00N/A
i
Rating by Mike Urban at Deutsche Bank Aktiengesellschaft
7/19/2016ScotiabankReiterated RatingUnderperform$70.00 ➝ $120.00N/A
i
Rating by Vladislav Vlad at Scotiabank
7/11/2016Jefferies Financial GroupBoost Price TargetUnderweight$60.00 ➝ $80.00N/A
i
(Data available from 6/14/2016 forward)
Precision Drilling logo
Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related products and services in North America and the Middle East. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry. This segment's services include land drilling, directional drilling, and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture, sale, and repair of drilling equipment. As of December 31, 2020, it operated 227 land drilling rigs, including 109 in Canada; 105 in the United States; 6 in Kuwait; 4 in Saudi Arabia; 2 in the Kurdistan region of Iraq; and 1 in the country of Georgia. The Completion and Production Services segment provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; wellsite accommodations; oilfield surface equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. This segment operated 123 well completion and workover service rigs, including 113 in Canada and 10 in the United States. It also had approximately 1,400 oilfield rental items, including surface storage, small-flow wastewater treatment, power generation, and solids control equipment; 113 wellsite accommodation units; 966 drill camp beds; 822 base camp beds; and three kitchen diners in Canada. Precision Drilling Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.
Read More

Today's Range

Now: $39.31
$38.15
$40.50

50 Day Range

MA: $29.32
$23.03
$39.31

52 Week Range

Now: $39.31
$11.00
$40.50

Volume

122,252 shs

Average Volume

100,974 shs

Market Capitalization

$522.98 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

3.12

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: Atb Cap Markets, BMO Capital Markets, Canaccord Genuity, CIBC, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell, Morgan Stanley, National Bank Financial, Piper Sandler, Raymond James, Royal Bank of Canada, Smith Barney Citigroup, Stifel Firstegy, Stifel Nicolaus, TD Securities, Wolfe Research, and Zacks Investment Research.
View the latest analyst ratings for PDS.

What is the current price target for Precision Drilling?

9 Wall Street analysts have set twelve-month price targets for Precision Drilling in the last year. Their average twelve-month price target is $37.33, suggesting a possible downside of 5.0%. Stifel Nicolaus has the highest price target set, predicting PDS will reach $53.00 in the next twelve months. Canaccord Genuity has the lowest price target set, forecasting a price of $18.00 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 6 hold ratings and 8 buy ratings 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?

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.