
Precision Drilling (PDS) Stock Forecast & Price Target
Precision Drilling (PDS) Analyst Ratings
Bulls say
Precision Drilling Corp. has demonstrated stronger operational performance, with 37 rigs expected to be active in Q4, reflecting a year-over-year increase despite the overall industry decrease in rig counts. The company has revised its gross margin expectations for 2026 to $330 million, indicating a modest improvement driven by higher rig counts and efficient operations. Additionally, the company's financial outlook appears positive as EBITDA estimates for 2025 through 2027 have been increased by 2% to 3%, suggesting potential for revenue growth alongside an improving balance sheet and increased visibility in the U.S. market.
Bears say
Precision Drilling Corp faces significant challenges, including forecasts of overall activity levels falling short of expectations and high-spec rig utilization in the U.S. not materializing. The company struggles to generate free cash flow, which hampers its ability to reduce debt, particularly in an environment of weaker oil prices that is leading to decreased demand for oil-directed drilling services. Furthermore, projected operational metrics indicate a decline in average working rigs and marginally lower rig margins, contributing to a negative outlook for the company's financial stability.
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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