Precision Drilling (TSE:PD) Given New C$124.00 Price Target at Royal Bank Of Canada

Precision Drilling (TSE:PD) (NYSE:PDS) had its price target boosted by Royal Bank Of Canada from C$119.00 to C$124.00 in a research report sent to investors on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

PD has been the subject of a number of other reports. Raymond James Financial lifted their price objective on shares of Precision Drilling from C$132.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. TD Securities lifted their price target on Precision Drilling from C$118.00 to C$123.00 in a research report on Thursday. Canadian Imperial Bank of Commerce boosted their price objective on Precision Drilling from C$120.00 to C$140.00 in a research note on Friday. BMO Capital Markets raised their price objective on Precision Drilling from C$120.00 to C$150.00 in a research note on Thursday. Finally, National Bank Financial lifted their target price on Precision Drilling from C$120.00 to C$140.00 and gave the stock a “sector perform” rating in a report on Friday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Precision Drilling presently has an average rating of “Moderate Buy” and a consensus target price of C$134.29.

Precision Drilling Stock Performance

TSE PD opened at C$119.04 on Friday. 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 1-year low of C$51.38 and a 1-year high of C$122.65. The business has a 50 day simple moving average of C$102.91 and a two-hundred day simple moving average of C$87.92. The stock has a market capitalization of C$1.54 billion, a PE 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 posted its earnings results on Wednesday, October 22nd. The company reported C($0.51) EPS for the quarter. Precision Drilling had a net margin of 12.53% and a return on equity of 14.96%. The firm had revenue of C$462.25 million for the quarter.

Trending Headlines about 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

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.