Canadian Imperial Bank of Commerce Boosts Precision Drilling (TSE:PD) Price Target to C$140.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price upped by equities research analysts at Canadian Imperial Bank of Commerce from C$120.00 to C$140.00 in a research note issued to investors on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target would indicate a potential upside of 17.61% from the company’s current price.

A number of other research firms have also commented on PD. Royal Bank Of Canada increased their price objective on Precision Drilling from C$110.00 to C$117.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. ATB Cormark Capital Markets set a C$120.00 price target on shares of Precision Drilling and gave the stock an “outperform” rating in a research note on Friday, December 19th. National Bank Financial lifted 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 report on Friday, January 9th. Raymond James Financial upped their price objective on shares of Precision Drilling from C$132.00 to C$133.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Finally, TD Securities raised their target price on shares of Precision Drilling from C$118.00 to C$123.00 in a research report on Thursday. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$134.29.

Precision Drilling Stock Performance

Shares of PD opened at C$119.04 on Friday. The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.36 and a current ratio of 1.54. Precision Drilling has a 1 year low of C$51.38 and a 1 year high of C$122.65. The stock has a market capitalization of C$1.54 billion, a P/E ratio of 28.55, a P/E/G ratio of -3.24 and a beta of 1.43. The company’s fifty day moving average is C$102.91 and its two-hundred day moving average is C$88.03.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its 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 company had revenue of C$462.25 million during 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.