
Precision Drilling (PDS) Stock Forecast & Price Target
Precision Drilling (PDS) Analyst Ratings
Bulls say
Precision Drilling Corp is experiencing an increase in operational activity, highlighted by the deployment of additional rigs in the Montney region and an expected rise in gross margin for 2026, which has been adjusted upward by 3%. The company's ability to maintain a robust operational count, with 37 rigs anticipated in Q4, contrasts positively against a broader industry downturn, reflecting its competitive positioning. Furthermore, the anticipated improvement in the balance sheet, along with enhanced visibility in the U.S. market and a diversified international presence, supports a favorable outlook for further financial growth and valuation expansion.
Bears say
Precision Drilling Corp faces significant challenges that contribute to a negative outlook on its stock, including a failure to meet activity level forecasts and a lack of high-spec rig utilization in the U.S. Market conditions are exacerbated by weaker oil prices, which have led to decreased demand for oil-directed drilling services. Furthermore, the company's inability to generate sufficient free cash flow to reduce its debt further compounds its financial difficulties, signaling potential instability in its operations.
This aggregate rating is based on analysts' research of Precision Drilling and is not a guaranteed prediction by Public.com or investment advice.
Precision Drilling (PDS) Analyst Forecast & Price Prediction
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