Precision Drilling (TSE:PD) Given New C$143.00 Price Target at Raymond James Financial

Precision Drilling (TSE:PD) (NYSE:PDS) had its price target raised by Raymond James Financial from C$131.00 to C$143.00 in a report published on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on PD. ATB Cormark Capital Markets set a C$120.00 price objective on Precision Drilling and gave the company an “outperform” rating in a research note on Friday, December 19th. Royal Bank Of Canada raised their target price on Precision Drilling from C$119.00 to C$124.00 and gave the stock an “outperform” rating in a report on Friday. BMO Capital Markets lifted their price target on Precision Drilling from C$120.00 to C$150.00 in a research report on Thursday. TD Securities boosted their price target on Precision Drilling from C$118.00 to C$123.00 in a report on Thursday. Finally, National Bank Financial upped their price objective on Precision Drilling from C$120.00 to C$140.00 and gave the stock a “sector perform” rating in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Precision Drilling has an average rating of “Moderate Buy” and an average price target of C$134.29.

Precision Drilling Stock Performance

Shares of TSE PD opened at C$119.04 on Friday. The company has a 50 day simple moving average of C$102.91 and a two-hundred day simple moving average of C$87.92. The stock has a market cap of C$1.54 billion, a price-to-earnings ratio of 28.55, a PEG ratio of -3.24 and a beta of 1.43. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98. Precision Drilling has a 12 month low of C$51.38 and a 12 month high of C$122.65.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its earnings results on Wednesday, October 22nd. The company reported C($0.51) earnings per share (EPS) for the quarter. The business had revenue of C$462.25 million for the quarter. Precision Drilling had a return on equity of 14.96% and a net margin of 12.53%.

Trending Headlines about Precision Drilling

Here are the key news stories impacting Precision Drilling this week:

• Positive Sentiment: Multiple major firms raised targets — BMO bumped its target to C$150 (largest raise), Raymond James to C$143 (outperform), CIBC and National Bank to C$140, RBC to C$124 (outperform) and TD to C$123 — signaling improved analyst conviction and supporting upside. Analyst Rating Roundup RBC Coverage
• Neutral Sentiment: Company released its 2025 fourth-quarter and year-end unaudited financial results (press release) — investors should dig into cash flow, capital spending and notes on decommissioning to assess recurring profitability versus one-offs. Company Q4 Results
• Negative Sentiment: Media coverage highlights a decommissioning charge that pushed Precision to a Q4 loss — this one-time expense weighed on earnings and sparked some intraday selling in earlier trade; investors should monitor the size and cadence of such charges and any guidance changes. Q4 Loss Coverage

About Precision Drilling

Precision Drilling Corp is a leader in North American oil and gas services. It is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada. Its segments are Contract Drilling Services which is the majority key revenue generator and other segments include Completion and Production Services.