Precision Drilling (TSE:PD) Price Target Raised to C$150.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective raised by BMO Capital Markets from C$120.00 to C$150.00 in a research report released on Thursday,BayStreet.CA reports.

Several other research analysts also recently issued reports on the stock. National Bank Financial boosted their price objective on shares of Precision Drilling from C$100.00 to C$120.00 and gave the stock a “sector perform” rating in a report on Friday, January 9th. Raymond James Financial lifted their price objective on Precision Drilling from C$132.00 to C$133.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. TD Securities boosted their price objective on Precision Drilling from C$80.00 to C$118.00 in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce boosted their price target on shares of Precision Drilling from C$110.00 to C$120.00 in a report on Tuesday, January 13th. Finally, ATB Cormark Capital Markets set a C$120.00 price objective on shares of Precision Drilling and gave the company an “outperform” rating in a research note on Friday, December 19th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Precision Drilling currently has a consensus rating of “Moderate Buy” and a consensus price target of C$134.29.

Precision Drilling Stock Up 5.3%

Precision Drilling stock opened at C$119.04 on Thursday. 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. The firm has a fifty day moving average price of C$102.91 and a two-hundred day moving average price of C$88.03. The firm has a market cap of C$1.54 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of -3.24 and a beta of 1.43.

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

Precision Drilling News Roundup

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.