Royal Bank Of Canada Increases Precision Drilling (TSE:PD) Price Target to C$124.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective hoisted by investment analysts at Royal Bank Of Canada from C$119.00 to C$124.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 4.17% from the stock’s previous close.

Several other analysts have also weighed in on PD. National Bank Financial lifted their price objective on Precision Drilling from C$120.00 to C$140.00 and gave the stock a “sector perform” rating in a report on Friday. ATB Cormark Capital Markets set a C$120.00 price target on Precision Drilling and gave the company an “outperform” rating in a research note on Friday, December 19th. BMO Capital Markets lifted their target price on shares of Precision Drilling from C$120.00 to C$150.00 in a research note on Thursday. TD Securities upped their target price on shares of Precision Drilling from C$118.00 to C$123.00 in a research report on Thursday. Finally, Raymond James Financial raised their target price 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. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$134.29.

Precision Drilling Trading Up 5.3%

Precision Drilling stock opened at C$119.04 on Friday. Precision Drilling has a one year low of C$51.38 and a one year high of C$122.65. The company’s fifty day moving average price is C$102.91 and its two-hundred day moving average price is C$88.03. The company has a market capitalization of C$1.54 billion, a price-to-earnings ratio of 28.55, a PEG ratio of -3.24 and a beta of 1.43. 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 (TSE:PD) (NYSE:PDS) last released its quarterly 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 during the quarter.

Key Headlines Impacting 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

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.