Precision Drilling (TSE:PD) Stock Price Expected to Rise, National Bank Financial Analyst Says

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price boosted by equities researchers at National Bank Financial from C$120.00 to C$140.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 17.61% from the stock’s current price.

Other analysts have also issued research reports about the stock. TD Securities upped their target price on shares of Precision Drilling from C$118.00 to C$123.00 in a report on Thursday. ATB Cormark Capital Markets set a C$120.00 target price on Precision Drilling and gave the company an “outperform” rating in a report on Friday, December 19th. Raymond James Financial increased their price target 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. BMO Capital Markets boosted their price objective on shares of Precision Drilling from C$120.00 to C$150.00 in a report on Thursday. Finally, Royal Bank Of Canada increased their target price on Precision Drilling from C$110.00 to C$117.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$134.29.

Precision Drilling Trading Up 5.3%

PD opened at C$119.04 on Friday. Precision Drilling has a twelve month low of C$51.38 and a twelve month high of C$122.65. The company has a 50-day simple moving average of C$102.91 and a 200 day simple moving average of C$88.03. The company has a quick ratio of 1.36, a current ratio of 1.54 and a debt-to-equity ratio of 51.98. The stock has a market capitalization 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 data on Wednesday, October 22nd. The company reported C($0.51) EPS for the quarter. The company had revenue of C$462.25 million during the quarter. Precision Drilling had a return on equity of 14.96% and a net margin of 12.53%.

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.