Precision Drilling (TSE:PD) Price Target Raised to C$123.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price boosted by TD Securities from C$118.00 to C$123.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

PD has been the topic of a number of other reports. BMO Capital Markets upped their price target on Precision Drilling from C$120.00 to C$150.00 in a research note on Thursday. Royal Bank Of Canada increased their price objective on Precision Drilling from C$110.00 to C$117.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Raymond James Financial increased their price target on Precision Drilling from C$132.00 to C$133.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. ATB Cormark Capital Markets set a C$120.00 target price on shares of Precision Drilling and gave the company an “outperform” rating in a report on Friday, December 19th. Finally, National Bank Financial raised their price target on shares of Precision Drilling from C$100.00 to C$120.00 and gave the stock a “sector perform” rating in a research note on Friday, January 9th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$134.29.

Precision Drilling Stock Performance

TSE:PD opened at C$119.04 on Thursday. The stock’s 50-day moving average is C$102.91 and its 200-day moving average is C$88.03. Precision Drilling has a 1-year low of C$51.38 and a 1-year high of C$122.65. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98. The stock has a market cap of C$1.54 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of -3.24 and a beta of 1.43.

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

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

About Precision Drilling

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.