
Precision Drilling (PDS) Stock Forecast & Price Target
Precision Drilling (PDS) Analyst Ratings
Bulls say
Precision Drilling Corp has demonstrated a positive outlook due to its increasing rig counts and improved gross margin expectations, with a projected gross margin of $330 million for 2026, despite a slight year-over-year decline. The company anticipates operating 37 rigs in Q4, representing a year-over-year increase, while the industry as a whole is experiencing a decrease in rig counts. Additionally, the expected growth in EBITDA for 2025-2027 highlights the potential for financial strength driven by an improving balance sheet and diversified international operations, which supports a positive trajectory for the company's stock.
Bears say
Precision Drilling Corp faces significant challenges, including an inability to achieve projected activity levels and disappointing high-spec rig utilization in the United States, which undermines operational performance. The company also struggles to generate free cash flow, limiting its ability to reduce debt amid a backdrop of weaker oil prices that diminish demand for oil-directed drilling services. Consequently, expectations of lower working rigs and stagnant rig margins indicate a concerning outlook for the company's financial health moving forward.
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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