Precision Drilling (TSE:PD) Price Target Raised to C$175.00 at ATB Cormark Capital Markets

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price upped by ATB Cormark Capital Markets from C$165.00 to C$175.00 in a report published on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

PD has been the subject of several other research reports. National Bank Financial boosted their price target on Precision Drilling from C$140.00 to C$150.00 and gave the stock a “sector perform” rating in a research note on Friday. BMO Capital Markets upped their price objective on Precision Drilling from C$160.00 to C$165.00 in a research report on Thursday. TD upped their price objective on Precision Drilling from C$127.00 to C$130.00 and gave the company a “hold” rating in a research report on Friday. Canadian Imperial Bank of Commerce upped their price objective on Precision Drilling from C$150.00 to C$160.00 in a research report on Friday. Finally, Raymond James Financial upped their price objective on Precision Drilling from C$143.00 to C$158.00 in a research report on Monday, March 30th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$152.25.

Precision Drilling Stock Up 1.6%

Shares of PD stock traded up C$2.04 during mid-day trading on Friday, hitting C$128.74. The company’s stock had a trading volume of 107,818 shares, compared to its average volume of 97,038. Precision Drilling has a 52-week low of C$54.73 and a 52-week high of C$143.81. The business has a 50-day moving average price of C$127.45 and a 200 day moving average price of C$106.26. The company has a debt-to-equity ratio of 45.24, a quick ratio of 1.36 and a current ratio of 1.70. The stock has a market cap of C$1.67 billion, a price-to-earnings ratio of 919.57, a PEG ratio of -3.24 and a beta of 0.59.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its quarterly earnings results on Thursday, April 30th. The company reported C$1.34 earnings per share for the quarter. Precision Drilling had a negative return on equity of 0.94% and a negative net margin of 0.82%.The firm had revenue of C$526.05 million during the quarter.

Key Precision Drilling News

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

• Positive Sentiment: ATB Cormark raised its price target to C$175 and kept an “outperform” rating (?35% upside vs. current price). ATB Cormark coverage on BayStreet
• Positive Sentiment: Raymond James lifted its target to C$165 and maintains an “outperform” view (?27% upside). Raymond James coverage on BayStreet
• Positive Sentiment: CIBC bumped its target to C$160 (?23% upside). CIBC coverage on BayStreet
• Positive Sentiment: BMO Capital Markets raised its target to C$165 (reported 4/30; ?30% upside). BMO coverage on BayStreet
• Positive Sentiment: National Bank Financial raised its target to C$150 and has a “sector perform” rating (?16% upside). National Bank coverage on BayStreet TickerReport article
• Neutral Sentiment: TD modestly raised its target to C$130 but kept a “hold” rating (minimal upside vs. current price). TD coverage on BayStreet
• Neutral Sentiment: Precision released its 2026 Q1 unaudited financial statements (formal filing/summary). Q1 unaudited financial statements
• Negative Sentiment: Market reaction to Q1: earnings missed expectations and shares previously fell after the report; the quarter showed modest EPS (C$1.34) and very thin net margin (~0.1%), highlighting low near-term profitability. News on earnings miss

About Precision Drilling

Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha¿ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen¿ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations.