
Precision Drilling (PDS) Stock Forecast & Price Target
Precision Drilling (PDS) Analyst Ratings
Bulls say
Precision Drilling Corp is experiencing positive momentum in its operational performance, with an expected increase in gross margins and rig counts, indicating a robust demand for its services in the oil and gas sector. The company is projected to enhance its EBITDA estimates for 2025, 2026, and 2027, highlighting its ability to generate consistent earnings growth amidst a challenging industry environment. Additionally, improvements in the balance sheet and an internationally diversified business model present favorable conditions for potential multiple expansion, enhancing the overall outlook for the company's stock.
Bears say
Precision Drilling Corp's negative outlook is primarily driven by several fundamental financial issues, including an inability to achieve forecasted overall activity levels and underperformance in high-spec rig utilization in the U.S. The company has also struggled to generate free cash flow, which hinders its capacity to reduce debt, while weaker oil prices are leading to a decreased demand for oil-directed drilling services. Additionally, projections indicate a decline in average working rigs and a marginal decrease in rig margins, further exacerbating concerns regarding long-term profitability.
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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