
Precision Drilling (PDS) Stock Forecast & Price Target
Precision Drilling (PDS) Analyst Ratings
Bulls say
Precision Drilling Corp has demonstrated strong operational performance with an expected increase in gross margins for 2026, corresponding to a rise in rig counts, indicating positive market demand. The company is projected to maintain a robust EBITDA trajectory, with estimates for 2025, 2026, and 2027 increasing by 2% to 3%, reflecting improved profitability across these years. Furthermore, enhanced visibility in the U.S. market, coupled with an internationally diversified portfolio, positions Precision Drilling favorably for multiple expansion as its balance sheet continues to strengthen.
Bears say
Precision Drilling Corp faces a negative outlook primarily due to failing to meet overall activity level forecasts and a shortfall in high-spec rig utilization in the U.S., indicating weaker operational performance. Additionally, the company's inability to generate free cash flow (FCF) to reduce its debt exacerbates financial concerns, compounded by decreasing demand for oil-directed drilling linked to weaker oil prices. Projections for Q3 indicate a reduction in the average number of working rigs and slightly lower rig margins year-over-year, highlighting ongoing challenges in achieving financial stability and growth.
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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