Precision Drilling (PDS) Stock Forecast & Price Target

$60.46

-0.09 (-0.15%)

(As of 10/17/2024 ET)

Precision Drilling - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 2 Analyst Ratings

Sell
0

Hold
1

Buy
1

Based on 2 Wall Street analysts who have issued ratings for Precision Drilling in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 2 analysts, 1 has given a hold rating, and 1 has given a buy rating for PDS.

Consensus Price Target

$112.00
85.25% Upside

According to the 2 analysts' twelve-month price targets for Precision Drilling, the average price target is $112.00. The highest price target for PDS is $112.00, while the lowest price target for PDS is $112.00. The average price target represents a forecasted upside of 85.25% from the current price of $60.46.

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PDS Analyst Ratings Over Time

Type	Current Forecast 10/19/23 to 10/18/24	1 Month Ago 9/19/23 to 9/18/24	3 Months Ago 7/21/23 to 7/20/24	1 Year Ago 10/19/22 to 10/19/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	4 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$112.00	$112.00	$95.00	$128.50
Forecasted Upside	85.25% Upside	72.20% Upside	32.63% Upside	109.39% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Buy	Buy

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PDS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PDS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Precision Drilling Stock vs. The Competition

Type	Precision Drilling	Energy Companies	S&P 500
Consensus Rating Score	2.50	2.80	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	85.34% Upside	87.07% Upside	6.31% Upside
News Sentiment Rating	Positive News See Recent PDS News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/22/2024	Piper Sandler 2 of 5 stars		Boost Target	Overweight	$95.00 ➝ $112.00	+61.83%
11/21/2023	National Bank Financial 5 of 5 stars		Downgrade	Outperform ➝ Sector Perform
9/13/2023	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform ➝ Outperform	C$118.00 ➝ C$125.00
9/8/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$130.00 ➝ C$135.00
8/3/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy ➝ Strong-Buy	C$110.00 ➝ C$115.00
7/28/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$100.00 ➝ C$110.00
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7/28/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$105.00 ➝ C$125.00
7/19/2023	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
4/14/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jamie Kubik Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$150.00 ➝ C$135.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 01:58 AM ET.

PDS Forecast - Frequently Asked Questions

: According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Precision Drilling is $112.00, with a high forecast of $112.00 and a low forecast of $112.00.
: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last year. There is currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PDS shares.
: According to analysts, Precision Drilling's stock has a predicted upside of 85.25% based on their 12-month stock forecasts.
: Precision Drilling has been rated by research analysts at Piper Sandler in the past 90 days.
: Analysts like Precision Drilling less than other "energy" companies. The consensus rating score for Precision Drilling is 2.50 while the average consensus rating score for "energy" companies is 2.81. Learn more on how PDS compares to other companies.