
Precision Drilling (PDS) Stock Forecast & Price Target
Precision Drilling (PDS) Analyst Ratings
Bulls say
Precision Drilling Corp is experiencing an increase in activity with an anticipated rise in rig counts, projecting an improvement in gross margins due to increased operational efficiency and a diversified international business model. The company's balance sheet is strengthening, providing enhanced visibility in the U.S. market and potential for multiple expansion. Additionally, EBITDA estimates for 2025, 2026, and 2027 have been raised by 2-3%, indicating positive financial momentum and robust future prospects.
Bears say
Precision Drilling Corp faces a negative outlook primarily due to a failure to meet forecasted overall activity levels, with the company expected to average only 65 working rigs in Q3, a decrease of 7 year-over-year. Additionally, the anticipated high-spec rig utilization in the United States has not materialized, and the company is struggling to generate free cash flow to alleviate its debt burden. Lastly, weaker oil prices are resulting in diminished demand for oil-directed drilling services, further compounding the challenges facing the company's financial performance.
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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