TSE:PD - Precision Drilling Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$110.62
  • Forecasted Upside: 33.72 %
  • Number of Analysts: 12
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 9 Buy Ratings
  • 1 Strong Buy Ratings
▲ +1.29 (1.58%)

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

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Analyst Price Target for PD

Analyst Price Target is C$110.62
▲ +33.72% Upside Potential
This price target is based on 12 analysts offering 12 month price targets for Precision Drilling in the last 3 months. The average price target is C$110.62, with a high forecast of C$156.00 and a low forecast of C$48.00. The average price target represents a 33.72% upside from the last price of C$82.72.

This chart shows the closing price for PD 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 12 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
  • 8 buy ratings
  • 2 hold ratings
  • 0 sell ratings
  • 1 strong buy ratings
  • 10 buy ratings
  • 2 hold ratings
  • 0 sell ratings
  • 1 strong buy ratings
  • 11 buy ratings
  • 3 hold ratings
  • 0 sell ratings
  • 1 strong buy ratings
  • 9 buy ratings
  • 2 hold ratings
  • 0 sell ratings
  • 1 strong buy ratings
  • 10 buy ratings
  • 2 hold ratings
  • 0 sell ratings
  • 1 strong buy ratings
  • 10 buy ratings
  • 2 hold ratings
  • 0 sell ratings
  • 1 strong buy ratings
  • 9 buy ratings
  • 2 hold ratings
  • 0 sell ratings
  • 1 strong buy ratings
  • 9 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Latest Recommendations

  • 1 strong buy ratings
  • 9 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
8/2/2022CIBCBoost Price TargetC$115.00 ➝ C$120.00
7/28/2022TD SecuritiesBoost Price TargetBuyC$130.00 ➝ C$135.00
7/28/2022BMO Capital MarketsBoost Price TargetC$130.00 ➝ C$140.00
7/28/2022Stifel NicolausBoost Price TargetC$145.00 ➝ C$150.00
7/7/2022Royal Bank of CanadaBoost Price TargetC$147.00 ➝ C$156.00
5/17/2022Raymond JamesUpgradeOutperform ➝ Strong-BuyC$115.00 ➝ C$130.00
4/29/2022BMO Capital MarketsReiterated RatingBuyC$130.00
4/29/2022TD SecuritiesBoost Price TargetBuyC$125.00 ➝ C$130.00
4/29/2022Raymond JamesSet Price TargetOutperformC$115.00
4/29/2022Royal Bank of CanadaBoost Price TargetOutperformC$135.00 ➝ C$147.00
4/29/2022Stifel NicolausBoost Price TargetC$135.00 ➝ C$142.00
4/29/2022ATB CapitalBoost Price TargetOutperformC$130.00 ➝ C$133.00
4/25/2022National BanksharesBoost Price TargetC$80.00 ➝ C$120.00
4/14/2022CIBCBoost Price TargetC$82.50 ➝ C$115.00
4/7/2022ATB CapitalBoost Price TargetOutperformC$112.00 ➝ C$114.00
3/29/2022Raymond JamesBoost Price TargetOutperformC$62.50 ➝ C$115.00
3/17/2022Canaccord Genuity GroupBoost Price TargetC$70.00 ➝ C$85.00
3/14/2022BMO Capital MarketsBoost Price TargetC$75.00 ➝ C$105.00
3/3/2022CIBCBoost Price TargetC$70.00 ➝ C$82.50
3/2/2022ATB CapitalBoost Price TargetOutperformC$98.00 ➝ C$112.00
2/11/2022Royal Bank of CanadaBoost Price TargetOutperformC$71.00 ➝ C$81.00
2/11/2022Raymond JamesReiterated RatingOutperformC$62.50
2/11/2022TD SecuritiesBoost Price TargetBuyC$75.00 ➝ C$85.00
2/11/2022ATB CapitalBoost Price TargetOutperformC$91.00 ➝ C$98.00
2/11/2022BMO Capital MarketsBoost Price TargetC$65.00 ➝ C$75.00
2/11/2022National BanksharesBoost Price TargetC$65.00 ➝ C$80.00
2/10/2022Tudor PickeringReiterated RatingBuy
2/10/2022CIBCBoost Price TargetNeutralC$65.00 ➝ C$70.00
2/10/2022Tudor Pickering & HoltReiterated RatingBuy
1/19/2022ATB CapitalBoost Price TargetOutperformC$75.00 ➝ C$91.00
1/14/2022Raymond JamesUpgradeBuyC$62.50
1/7/2022EvercoreBoost Price TargetC$78.00 ➝ C$82.00
1/7/2022Evercore ISIBoost Price TargetBuyC$82.00
12/21/2021Piper SandlerUpgradeBuyC$57.00
12/9/2021TD SecuritiesUpgradeHold ➝ BuyC$57.00
10/22/2021TD SecuritiesLower Price TargetHoldC$60.00 ➝ C$57.00
10/22/2021National BanksharesBoost Price TargetOutperformC$55.00 ➝ C$65.00
10/22/2021ATB CapitalLower Price TargetC$81.00 ➝ C$75.00
10/21/2021Raymond JamesDowngradeOutperform ➝ HoldC$55.00 ➝ C$63.50
10/15/2021Evercore ISIUpgradeBuyC$70.00
10/15/2021CIBCBoost Price TargetNAC$60.00 ➝ C$65.00
9/24/2021Tudor PickeringReiterated RatingBuy
9/24/2021Tudor Pickering & HoltReiterated RatingBuy
9/15/2021CitigroupReiterated RatingHold
9/14/2021CitigroupBoost Price TargetNAC$45.00 ➝ C$48.00
8/3/2021CitigroupLower Price TargetNeutralC$55.00 ➝ C$45.00
7/23/2021EvercoreBoost Price TargetC$69.00 ➝ C$70.00
7/23/2021Raymond JamesReiterated RatingOutperformC$55.00
7/23/2021ATB CapitalSet Price TargetC$77.00 ➝ C$80.00
7/23/2021Evercore ISISet Price TargetC$70.00
7/23/2021Tudor PickeringSet Price TargetC$42.31
7/23/2021Royal Bank of CanadaBoost Price TargetOutperformC$62.00 ➝ C$65.00
7/22/2021CIBCReiterated RatingNeutralC$60.00
7/22/2021Tudor PickeringReiterated RatingHoldC$42.84
7/22/2021Tudor Pickering & HoltReiterated RatingHold ➝ Hold
7/15/2021ATB CapitalBoost Price TargetNAC$76.00 ➝ C$77.00
6/17/2021National Bank FinancialBoost Price TargetOutperformC$55.00
6/17/2021National BanksharesBoost Price TargetC$40.00 ➝ C$55.00
6/10/2021BMO Capital MarketsBoost Price TargetNAC$45.00 ➝ C$55.00
6/7/2021TD SecuritiesBoost Price TargetBuy ➝ NAC$40.00 ➝ C$50.00
6/7/2021Raymond JamesBoost Price TargetStrong-Buy ➝ NAC$47.00 ➝ C$55.00
6/4/2021CIBCBoost Price TargetOutperformC$45.00 ➝ C$50.00
6/3/2021Raymond JamesReiterated RatingStrong-BuyC$47.00
6/3/2021Royal Bank of CanadaBoost Price TargetOutperformC$44.00 ➝ C$50.00
4/26/2021EvercoreBoost Price TargetC$35.00 ➝ C$37.00
4/26/2021Evercore ISIBoost Price TargetNAC$37.00
4/23/2021Raymond JamesBoost Price TargetStrong-BuyC$47.00
4/23/2021Royal Bank of CanadaBoost Price TargetOutperformC$44.00
4/23/2021CIBCReiterated RatingOutperformC$45.00
4/15/2021National Bank FinancialUpgradeOutperformC$40.00
4/15/2021National BanksharesUpgradeSector Perform ➝ OutperformC$32.50 ➝ C$40.00
4/9/2021Raymond JamesBoost Price TargetStrong-BuyC$40.00 ➝ C$47.00
2/10/2021Tudor PickeringReiterated RatingHold
2/10/2021Tudor Pickering & HoltReiterated RatingHold
1/12/2021Raymond JamesUpgradeMarket Perform ➝ Strong-Buy
1/6/2021Tudor PickeringReiterated RatingHold
1/5/2021Tudor Pickering & HoltReiterated RatingHold
11/2/2020Stifel FirstegyReiterated RatingBuy
10/23/2020Raymond JamesSet Price TargetMarket PerformC$20.00
10/23/2020TD SecuritiesBoost Price TargetBuyC$30.00 ➝ C$32.00
10/22/2020Tudor Pickering & HoltReiterated RatingHold
10/8/2020ATB CapitalUpgradeSector Perform ➝ OutperformC$20.00 ➝ C$25.00
10/7/2020Atb Cap MarketsUpgradeSector Perform ➝ Outperform
9/29/2020CormarkDowngradeBuy ➝ Market PerformC$30.00 ➝ C$25.00
9/24/2020Raymond JamesBoost Price TargetMarket PerformC$18.00 ➝ C$20.00
9/24/2020Tudor Pickering & HoltReiterated RatingHold
8/18/2020CitigroupLower Price TargetC$24.00 ➝ C$22.00
7/24/2020Raymond JamesSet Price TargetMarket PerformC$18.00
7/24/2020EvercoreBoost Price TargetC$20.00 ➝ C$30.00
7/24/2020Royal Bank of CanadaBoost Price TargetOutperformC$25.00 ➝ C$30.00
7/16/2020CIBCLower Price TargetC$30.00 ➝ C$25.00
7/6/2020Evercore ISILower Price TargetC$25.00 ➝ C$20.00
7/6/2020National Bank FinancialDowngradeOutperform ➝ Sector PerformC$20.00 ➝ C$23.00
7/6/2020EvercoreLower Price TargetC$25.00 ➝ C$20.00
6/30/2020BMO Capital MarketsBoost Price TargetC$20.00 ➝ C$25.00
6/25/2020CitigroupBoost Price TargetC$17.00 ➝ C$24.00
6/11/2020Raymond JamesDowngradeOutperform ➝ Market PerformC$18.00
5/1/2020Royal Bank of CanadaBoost Price TargetOutperformC$22.00 ➝ C$25.00
5/1/2020Raymond JamesBoost Price TargetOutperformC$16.00 ➝ C$18.00
5/1/2020TD SecuritiesDowngradeAction List Buy ➝ BuyC$34.00 ➝ C$30.00
4/27/2020National Bank FinancialLower Price TargetOutperformC$30.00 ➝ C$20.00
4/26/2020National Bank FinancialReiterated RatingOutperform Overweight
4/22/2020CIBCLower Price TargetC$35.00 ➝ C$30.00
4/15/2020AltaCorp CapitalLower Price TargetC$22.00 ➝ C$16.00
4/14/2020ScotiabankLower Price TargetC$40.00 ➝ C$10.00
3/25/2020Evercore ISILower Price TargetC$40.00 ➝ C$30.00
3/25/2020Raymond JamesLower Price TargetOutperformC$23.00 ➝ C$16.00
3/25/2020Royal Bank of CanadaLower Price TargetOutperformC$30.00 ➝ C$25.00
3/25/2020CitigroupLower Price TargetC$16.00 ➝ C$10.00
3/25/2020EvercoreLower Price TargetC$40.00 ➝ C$30.00
3/25/2020AltaCorp CapitalLower Price TargetC$35.00 ➝ C$22.00
3/25/2020Tudor Pickering & HoltReiterated RatingHold
3/24/2020National Bank FinancialLower Price TargetOutperformC$50.00 ➝ C$30.00
3/19/2020Tudor Pickering & HoltReiterated RatingHold
3/18/2020Raymond JamesLower Price TargetOutperformC$65.00 ➝ C$23.00
3/16/2020Royal Bank of CanadaLower Price TargetC$80.00 ➝ C$30.00
3/13/2020CitigroupLower Price TargetC$40.00 ➝ C$16.00
3/12/2020AltaCorp CapitalDowngradeOutperform ➝ Sector Perform
3/10/2020National Bank FinancialLower Price TargetOutperformC$60.00 ➝ C$50.00
3/10/2020Raymond JamesDowngradeStrong-Buy ➝ OutperformC$65.00
2/19/2020Raymond JamesReiterated RatingStrong-BuyC$65.00
2/18/2020National Bank FinancialBoost Price TargetOutperformC$55.00 ➝ C$60.00
2/14/2020BMO Capital MarketsBoost Price TargetC$50.00 ➝ C$60.00
2/7/2020Raymond JamesSet Price TargetStrong-BuyC$60.00
1/7/2020Tudor PickeringReiterated RatingBuy
1/7/2020CitigroupBoost Price TargetC$36.00 ➝ C$44.00
1/7/2020Tudor Pickering & HoltReiterated RatingBuy
12/10/2019CitigroupBoost Price TargetC$34.00 ➝ C$36.00
11/25/2019National Bank FinancialLower Price TargetOutperformC$60.00 ➝ C$55.00
11/14/2019Raymond JamesReiterated RatingStrong-BuyC$60.00
10/15/2019CIBCLower Price TargetC$90.00 ➝ C$75.00
10/2/2019National Bank FinancialLower Price TargetOutperformC$70.00 ➝ C$60.00
10/1/2019CitigroupDowngradeBuy ➝ NeutralC$50.00 ➝ C$38.00
9/23/2019CitigroupLower Price TargetC$70.00 ➝ C$50.00
9/10/2019BMO Capital MarketsLower Price TargetC$100.00 ➝ C$60.00
9/4/2019TD SecuritiesUpgradeBuy ➝ Action List BuyC$100.00 ➝ C$90.00
8/20/2019Raymond JamesSet Price TargetStrong-BuyC$95.00
7/29/2019Evercore ISILower Price TargetC$100.00 ➝ C$90.00
7/29/2019EvercoreLower Price TargetC$100.00 ➝ C$90.00
7/26/2019Raymond JamesLower Price TargetStrong-BuyC$105.00 ➝ C$95.00
7/23/2019TD SecuritiesBoost Price TargetBuyC$95.00 ➝ C$100.00
7/18/2019CIBCLower Price TargetC$95.00 ➝ C$90.00
6/20/2019AltaCorp CapitalReiterated RatingOutperform
6/6/2019CitigroupLower Price TargetC$90.00 ➝ C$70.00
6/5/2019Raymond JamesSet Price TargetStrong-BuyC$105.00
5/29/2019Raymond JamesReiterated RatingStrong-BuyC$105.00
4/26/2019Evercore ISIBoost Price TargetC$80.00 ➝ C$100.00
4/26/2019Raymond JamesBoost Price TargetStrong-BuyC$100.00 ➝ C$105.00
4/26/2019EvercoreBoost Price TargetC$80.00 ➝ C$100.00
4/26/2019BMO Capital MarketsBoost Price TargetOutperformC$80.00 ➝ C$100.00
4/25/2019National Bank FinancialBoost Price TargetOutperformC$85.00 ➝ C$90.00
4/23/2019CIBCBoost Price TargetC$85.00 ➝ C$95.00
3/19/2019Raymond JamesReiterated RatingStrong-BuyC$100.00
3/19/2019CIBCBoost Price TargetC$80.00 ➝ C$85.00
3/19/2019National Bank FinancialBoost Price TargetOutperformC$80.00 ➝ C$85.00
2/27/2019Raymond JamesSet Price TargetStrong-BuyC$100.00
2/19/2019Evercore ISIBoost Price TargetC$60.00 ➝ C$80.00
2/19/2019EvercoreBoost Price TargetC$60.00 ➝ C$80.00
2/15/2019BMO Capital MarketsBoost Price TargetC$80.00 ➝ C$85.00
2/15/2019TD SecuritiesBoost Price TargetBuyC$100.00 ➝ C$110.00
2/4/2019CormarkLower Price TargetC$135.00 ➝ C$110.00
1/30/2019Raymond JamesReiterated RatingStrong-BuyC$100.00
1/15/2019Raymond JamesLower Price TargetBuy ➝ OutperformC$112.00 ➝ C$100.00
1/7/2019TD SecuritiesReiterated RatingBuyC$100.00
12/21/2018National Bank FinancialSet Price TargetOutperformC$80.00
12/20/2018National Bank FinancialReiterated RatingOutperform Overweight
12/11/2018BMO Capital MarketsReiterated RatingOutperformC$80.00
11/29/2018TD SecuritiesLower Price TargetBuyC$150.00 ➝ C$120.00
11/19/2018CitigroupUpgradeNeutral ➝ BuyC$70.00 ➝ C$100.00
11/16/2018CormarkReiterated RatingBuyC$135.00
10/30/2018Raymond JamesLower Price TargetOutperformC$115.00 ➝ C$112.00
10/16/2018CIBCLower Price TargetC$140.00 ➝ C$125.00
10/15/2018Raymond JamesLower Price TargetC$130.00 ➝ C$115.00
10/9/2018GMP SecuritiesBoost Price TargetC$140.00 ➝ C$150.00
9/5/2018TD SecuritiesDowngradeAction List Buy ➝ BuyC$140.00 ➝ C$150.00
7/27/2018CormarkBoost Price TargetC$110.00 ➝ C$120.00
7/10/2018Raymond JamesBoost Price TargetStrong-BuyC$115.00 ➝ C$145.00
4/27/2018Raymond JamesReiterated RatingStrong-BuyC$115.00
4/27/2018ScotiabankBoost Price TargetUnderperformC$95.00 ➝ C$100.00
2/16/2018ScotiabankBoost Price TargetUnderperformC$90.00 ➝ C$95.00
2/13/2018Raymond JamesBoost Price TargetStrong-BuyC$110.00 ➝ C$115.00
1/30/2018TD SecuritiesBoost Price TargetC$120.00 ➝ C$140.00
1/18/2018GMP SecuritiesBoost Price TargetC$115.00 ➝ C$130.00
12/5/2017Raymond JamesLower Price TargetStrong-BuyC$115.00 ➝ C$110.00
11/17/2017CitigroupLower Price TargetC$85.00 ➝ C$80.00
11/1/2017CitigroupBoost Price TargetC$80.00 ➝ C$85.00
10/30/2017BMO Capital MarketsReiterated RatingOutperformC$120.00
10/20/2017CIBCLower Price TargetC$160.00 ➝ C$140.00
10/10/2017Deutsche Bank AktiengesellschaftReiterated RatingHoldC$80.00
10/6/2017Royal Bank of CanadaLower Price TargetOutperformC$140.00 ➝ C$120.00
9/12/2017TD SecuritiesReiterated RatingBuyC$120.00
8/22/2017Raymond JamesLower Price TargetSpeculative BuyC$130.00 ➝ C$115.00
(Data available from 8/9/2017 forward)

News Sentiment Rating

0.54 (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
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  • 1 negative mentions
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Current Sentiment

  • 6 very positive mentions
  • 15 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
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 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 and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture and refurbishment of drilling and service rig equipment. As of December 31, 2021, 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. As of December 31, 2021, this segment also operated 47 AlphaTM rigs with commercial AlphaAutomation; 18 AlphaApps; 4 grid power capable rigs; and 60 natural gas or bi-fuel rigs. 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. As of December 31, 2021, it operated 123 well completion and workover service rigs, including 113 in Canada and 10 in the United States; 1,900 oilfield rental items, including surface storage, small-flow wastewater treatment, power generation, and solids control equipment; 109 wellsite accommodation units; 943 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: C$82.72
Low: C$81.71
High: C$83.05

50 Day Range

MA: C$84.20
Low: C$65.63
High: C$106.93

52 Week Range

Now: C$82.72
Low: C$35.82
High: C$109.29


11,579 shs

Average Volume

119,962 shs

Market Capitalization

C$1.12 billion

P/E Ratio


Dividend Yield




Frequently Asked Questions

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

The following Wall Street sell-side analysts have issued reports on Precision Drilling in the last twelve months: ATB Capital, BMO Capital Markets, Canaccord Genuity Group Inc., CIBC, Citigroup Inc., Evercore Inc., Evercore ISI, National Bankshares, Inc., Piper Sandler, Raymond James, Royal Bank of Canada, Stifel Nicolaus, TD Securities, Tudor Pickering, and Tudor Pickering & Holt.
View the latest analyst ratings for PD.

What is the current price target for Precision Drilling?

13 Wall Street analysts have set twelve-month price targets for Precision Drilling in the last year. Their average twelve-month price target is C$110.62, suggesting a possible upside of 35.8%. Royal Bank of Canada has the highest price target set, predicting PD will reach C$156.00 in the next twelve months. Citigroup Inc. has the lowest price target set, forecasting a price of C$48.00 for Precision Drilling in the next year.
View the latest price targets for PD.

What is the current consensus analyst rating for Precision Drilling?

Precision Drilling currently has 2 hold ratings, 9 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 PD will outperform the market and that investors should add to their positions of Precision Drilling.
View the latest ratings for PD.

What other companies compete with Precision Drilling?

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

Precision Drilling's physical mailing address is 150 6 Ave SW Suite 4200, CALGARY, AB T2P 3Y7, Canada. The company's listed phone number is +1-403-7164500. The official website for Precision Drilling is www.precisiondrilling.com. Learn More about contacing Precision Drilling investor relations.