Precision Drilling Corp. (PD:CA) (PDS)
Analyst Update
Raymond James reaffirmed its Outperform rating and slightly raised its target price to C$133.00 from C$132.00, reflecting confidence in the company’s ability to sustain its strong cash flow generation and maintain high levels of operational efficiency amid a challenging energy services environment.
On a technical analysis basis, the stock shows bullish momentum, with technical indicators showing a “Strong Buy” signal. . The analyst sentiment remains positive, with a consensus “Buy” rating, suggesting institutional confidence in future earnings growth and margin expansion.
The average 12 month target is $103.50 per share, which implies an upside potential of approximately +24%, highlighting undervaluation relative to fundamentals. This outlook is supported by Precision Drilling’s disciplined capital allocation, debt reduction progress, and continued strength in rig utilization rates, positioning the company well to benefit from improving North American drilling activity and steady oilfield demand heading into 2026.
