Raymond James Financial Raises Precision Drilling (TSE:PD) Price Target to C$143.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price upped by research analysts at Raymond James Financial from C$131.00 to C$143.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price target suggests a potential upside of 20.13% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. TD Securities increased their price target on Precision Drilling from C$118.00 to C$123.00 in a report on Thursday. Royal Bank Of Canada lifted their price target on shares of Precision Drilling from C$119.00 to C$124.00 and gave the company an “outperform” rating in a research report on Friday. Canadian Imperial Bank of Commerce upped their price objective on shares of Precision Drilling from C$120.00 to C$140.00 in a report on Friday. ATB Cormark Capital Markets set a C$120.00 target price on Precision Drilling and gave the company an “outperform” rating in a research report on Friday, December 19th. Finally, National Bank Financial lifted their price objective on Precision Drilling from C$120.00 to C$140.00 and gave the company a “sector perform” rating in a research note on Friday. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$134.29.

Precision Drilling Price Performance

Shares of PD stock 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. The company has a market capitalization of C$1.54 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of -3.24 and a beta of 1.43. The firm’s 50-day moving average is C$102.91 and its two-hundred day moving average is C$88.03. Precision Drilling has a 12 month low of C$51.38 and a 12 month high of C$122.65.

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

Key Stories 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.