Precision Drilling (PD) Stock Forecast & Price Target

C$83.78 +0.41 (+0.49%)

(As of 12/24/2024 01:48 PM ET)

Precision Drilling - Analysts' Recommendations and Stock Price Forecast (2025)

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

Buy

Based on 9 Analyst Ratings

Sell
0

Hold
0

Buy
9

Based on 9 Wall Street analysts who have issued ratings for Precision Drilling in the last 12 months, the stock has a consensus rating of "Buy." Out of the 9 analysts, 8 have given a buy rating, and 1 has given a strong buy rating for PD.

Consensus Price Target

C$127.11
51.72% Upside

According to the 9 analysts' twelve-month price targets for Precision Drilling, the average price target is C$127.11. The highest price target for PD is C$142.00, while the lowest price target for PD is C$100.00. The average price target represents a forecasted upside of 51.72% from the current price of C$83.78.

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PD Analyst Ratings Over Time

Type	Current Forecast 12/26/23 to 12/25/24	1 Month Ago 11/26/23 to 11/25/24	3 Months Ago 9/27/23 to 9/26/24	1 Year Ago 12/26/22 to 12/26/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 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	C$127.11	C$126.00	C$130.00	C$125.18
Forecasted Upside	51.72% Upside	39.47% Upside	59.06% Upside	74.49% Upside
Consensus Rating	Buy	Buy	Buy	Buy

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PD 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.

PD 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
Consensus Rating Score	3.11	2.81
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Very Positive News See Recent PD 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	Action	Rating	Price Target	Upside/Downside on Report Date
12/10/2024	ATB Capital 4 of 5 stars	Boost Target		C$109.00 ➝ C$123.00	+42.30%
10/15/2024	Raymond James 4 of 5 stars	Lower Target		C$143.00 ➝ C$142.00	+70.10%
10/8/2024	TD Securities 4 of 5 stars	Lower Target	Buy	C$140.00 ➝ C$120.00	+39.31%
10/4/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$140.00 ➝ C$130.00	+47.43%
8/1/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$122.00 ➝ C$125.00	+20.81%
7/31/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$130.00 ➝ C$140.00	+34.42%
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4/18/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$115.00 ➝ C$125.00	+32.63%
2/7/2024	Evercore Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$142.00 ➝ C$139.00	+65.69%
1/8/2024	Piper Sandler Companies Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight	C$107.00 ➝ C$100.00	+41.92%
11/21/2023	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		C$135.00	+74.13%
7/5/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$143.00 ➝ C$140.00	+114.46%
3/29/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	C$100.00 ➝ C$90.00	+27.77%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 01:51 AM ET.

PD Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Precision Drilling is C$127.11, with a high forecast of C$142.00 and a low forecast of C$100.00.
: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last twelve months. There are currently 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" PD shares.
: According to analysts, Precision Drilling's stock has a predicted upside of 51.72% based on their 12-month stock forecasts.
: Precision Drilling has been rated by research analysts at ATB Capital, BMO Capital Markets, Raymond James, and TD Securities in the past 90 days.
: Analysts like Precision Drilling more than other "energy" companies. The consensus rating for Precision Drilling is Buy while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how PD compares to other companies.

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This page (TSE:PD) was last updated on 12/25/2024 by MarketBeat.com Staff

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Precision Drilling (PD) Stock Forecast & Price Target