
Precision Drilling (PDS) Stock Forecast & Price Target
Precision Drilling (PDS) Analyst Ratings
Bulls say
Precision Drilling Corp is poised for growth due to an expected increase in rig counts and improved gross margin projections, with a notable 3% increase anticipated for 2026, reaching $330 million. The company is also benefitting from a relatively stable operational environment, maintaining 37 rigs in Q4 amid a broader industry decline of 56 rigs, highlighting its competitive position. Furthermore, ongoing improvements in the balance sheet, enhanced visibility in the U.S. market, and international diversification are expected to drive multiple expansion and bolster overall financial performance.
Bears say
The analysis reveals a negative outlook for Precision Drilling Corp., primarily due to forecasted underperformance in activity levels, with expected working rigs declining to an average of 65 in Q3, down seven year-over-year. Additionally, the company is facing challenges with high-spec rig utilization in the U.S., failing to meet anticipated levels, which contributes to a concerning inability to generate free cash flow essential for debt reduction. Furthermore, weakening oil prices are leading to decreased demand for oil-directed drilling activities, exacerbating the company's financial difficulties and limiting its revenue potential.
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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