
Precision Drilling (PDS) Stock Forecast & Price Target
Precision Drilling (PDS) Analyst Ratings
Bulls say
Precision Drilling Corp has demonstrated a positive outlook due to an increase in gross margin expectations for 2026, with projections rising by 3% to $330 million despite a slight year-over-year decline. The company is expected to operate 37 rigs in Q4, marking a year-over-year increase of 3 rigs while the broader industry faces a decrease of 56 rigs, indicating robust demand for its services. Furthermore, Precision Drilling's improving balance sheet, enhanced visibility in the U.S. market, and internationally diversified operations suggest strong potential for multiple expansion and overall growth.
Bears say
Precision Drilling Corp is facing a notably negative outlook due to several key financial challenges. The company has projected a decline in operational performance, with expected average working rigs falling to 65 in Q3, representing a decrease of 7 year-over-year, alongside a reduction in rig margins to between $12,000 and $13,000 per day. Additionally, external factors such as weaker oil prices have contributed to decreased demand for drilling services, compounding the company's difficulties in generating free cash flow necessary for debt reduction.
This aggregate rating is based on analysts' research of Precision Drilling and is not a guaranteed prediction by Public.com or investment advice.
Precision Drilling (PDS) Analyst Forecast & Price Prediction
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