Precision Drilling (PDS) Stock Forecast, Price Target & Predictions

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PDS Stock Forecast

Precision Drilling stock forecast is as follows: an average price target of $71.33 (represents a 26.07% upside from PDS’s last price of $56.58) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.

PDS Price Target

The average price target for Precision Drilling (PDS) is $71.33 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $101.00 to $47.74. This represents a potential 26.07% upside from PDS's last price of $56.58.

PDS Analyst Ratings

Buy

According to 6 Wall Street analysts, Precision Drilling's rating consensus is 'Buy'. The analyst rating breakdown for PDS stock is 1 'Strong Buy' (16.67%), 5 'Buy' (83.33%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Precision Drilling Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
May 06, 2024	Luke Lemoine	Piper Sandler	$101.00	$71.12	42.01%	78.51%
Jun 20, 2022	Ian Macpherson	Piper Sandler	$125.00	$61.47	103.35%	120.93%
Jan 27, 2022	John Bereznicki	Canaccord Genuity	$47.74	$41.72	14.44%	-15.62%
Jan 07, 2022	James West	Evercore ISI	$65.25	$41.30	57.99%	15.33%

The latest Precision Drilling stock forecast, released on May 06, 2024 by Luke Lemoine from Piper Sandler, set a price target of $101.00, which represents a 42.01% increase from the stock price at the time of the forecast ($71.12), and a 78.51% increase from PDS last price ($56.58).

Precision Drilling Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	1
Avg Price Target	-	-	$101.00
Last Closing Price	$56.58	$56.58	$56.58
Upside/Downside	-100.00%	-100.00%	78.51%

In the current month, the average price target of Precision Drilling stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Precision Drilling's last price of $56.58. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Aug 01, 2024	Raymond James	Strong Buy	Strong Buy	Hold
Aug 01, 2024	RBC Capital	Outperform	Outperform	Hold
Aug 01, 2024	TD Securities	Buy	Buy	Hold
Jul 31, 2024	CIBC	Outperform	Outperform	Hold
Jul 31, 2024	BMO Capital	Outperform	Outperform	Hold
May 06, 2024	Piper Sandler	Overweight	Overweight	Hold
Oct 28, 2022	TD Securities	Buy	Buy	Hold
Jun 20, 2022	Piper Sandler	Overweight	Overweight	Hold

Precision Drilling's last stock rating was published by Raymond James on Aug 01, 2024. The company gave PDS a "Strong Buy" rating, the same as its previous rate.

Precision Drilling Financial Forecast

Precision Drilling Revenue Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$558.61M	$510.50M	$429.33M	$326.02M	$351.34M	$295.20M	$253.81M	$201.36M	$236.47M	$201.69M	$164.82M
Avg Forecast	$512.35M	$502.05M	$431.80M	$537.64M	$487.59M	$478.41M	$414.38M	$848.14M	$491.67M	$492.20M	$408.61M	$493.20M	$475.14M	$495.91M	$423.54M	$526.41M	$489.58M	$459.06M	$412.14M	$527.36M	$483.30M	$419.87M	$296.54M	$330.08M	$286.21M	$263.88M	$210.69M	$228.16M	$201.07M	$165.89M
High Forecast	$526.46M	$515.87M	$443.69M	$552.44M	$501.02M	$491.59M	$425.79M	$871.49M	$505.21M	$505.75M	$419.87M	$506.78M	$488.22M	$509.56M	$435.20M	$540.90M	$498.38M	$480.94M	$423.48M	$541.88M	$496.61M	$419.87M	$296.54M	$330.08M	$286.21M	$263.88M	$210.69M	$228.16M	$201.07M	$165.89M
Low Forecast	$505.15M	$494.99M	$425.73M	$530.08M	$480.74M	$471.69M	$408.55M	$836.21M	$484.76M	$485.28M	$402.87M	$486.27M	$468.46M	$488.93M	$417.58M	$519.00M	$473.71M	$438.93M	$406.34M	$519.95M	$476.51M	$419.87M	$296.54M	$330.08M	$286.21M	$263.88M	$210.69M	$228.16M	$201.07M	$165.89M
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	3	2	2	2	4	7	3	3	2	2	2	2	3	4	5	6	6	8
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.06%	1.06%	1.02%	1.10%	1.06%	1.03%	0.96%	0.96%	1.04%	1.00%	0.99%

Precision Drilling's average Quarter revenue forecast for Jun 23 based on 3 analysts is $412.14M, with a low forecast of $406.34M, and a high forecast of $423.48M. PDS's average Quarter revenue forecast represents a -26.22% decrease compared to the company's last Quarter revenue of $558.61M (Mar 23).

Precision Drilling EBITDA Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	3	2	2	2	4	7	3	3	2	2	2	2	3	4	5	6	6	8
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$203.22M	$91.09M	$118.92M	$63.34M	$36.03M	$54.22M	$45.41M	$21.82M	$53.66M	$49.80M	$49.72M
Avg Forecast	$128.40M	$125.81M	$108.21M	$134.73M	$122.19M	$119.89M	$103.84M	$212.54M	$123.21M	$123.34M	$102.40M	$123.60M	$119.07M	$124.27M	$106.14M	$22.41M	$122.69M	$115.04M	$103.28M	$20.37M	$59.89M	$104.92M	$74.10M	$18.52M	$71.52M	$65.94M	$52.65M	$54.52M	$50.25M	$41.46M
High Forecast	$131.93M	$129.28M	$111.19M	$138.44M	$125.56M	$123.19M	$106.70M	$218.39M	$126.61M	$126.74M	$105.22M	$127.00M	$122.35M	$127.70M	$109.06M	$26.89M	$124.89M	$120.52M	$106.13M	$24.45M	$71.86M	$104.92M	$74.10M	$22.23M	$71.52M	$65.94M	$52.65M	$65.42M	$50.25M	$41.46M
Low Forecast	$126.59M	$124.04M	$106.69M	$132.84M	$120.47M	$118.21M	$102.38M	$209.55M	$121.48M	$121.61M	$100.96M	$121.86M	$117.40M	$122.53M	$104.65M	$17.93M	$118.71M	$110.00M	$101.83M	$16.30M	$47.91M	$104.92M	$74.10M	$14.82M	$71.52M	$65.94M	$52.65M	$43.61M	$50.25M	$41.46M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9.97%	1.52%	1.13%	0.85%	1.95%	0.76%	0.69%	0.41%	0.98%	0.99%	1.20%

3 analysts predict PDS's average Quarter EBITDA for Jun 23 to be $103.28M, with a high of $106.13M and a low of $101.83M. This is -49.18% lower than Precision Drilling's previous annual EBITDA (Mar 23) of $203.22M.

Precision Drilling Net Income Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	3	2	2	2	4	7	3	3	2	2	2	2	3	4	5	6	6	8
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$95.83M	$3.48M	$30.68M	$-24.61M	$-43.84M	$-27.34M	$-38.03M	$-75.91M	$-36.11M	$-37.52M	$-28.48M
Avg Forecast	$53.70M	$46.44M	$22.45M	$51.05M	$46.13M	$42.54M	$17.99M	$73.88M	$42.26M	$37.14M	$17.39M	$37.54M	$29.96M	$34.11M	$16.28M	$-21.72M	$40.06M	$34.82M	$20.94M	$-19.75M	$-25.12M	$17.54M	$-30.49M	$-17.95M	$-29.40M	$-33.93M	$-59.20M	$-35.29M	$-44.42M	$-59.38M
High Forecast	$55.62M	$48.11M	$23.26M	$52.87M	$47.78M	$44.06M	$18.64M	$76.53M	$43.77M	$38.47M	$18.01M	$38.89M	$31.03M	$34.43M	$16.86M	$-17.38M	$49.64M	$67.26M	$21.69M	$-15.80M	$-20.10M	$17.54M	$-30.49M	$-14.36M	$-29.40M	$-33.93M	$-59.20M	$-28.23M	$-44.42M	$-59.38M
Low Forecast	$52.71M	$45.59M	$22.04M	$50.11M	$45.29M	$41.76M	$17.66M	$72.53M	$41.49M	$36.46M	$17.07M	$36.86M	$29.41M	$33.79M	$15.98M	$-26.07M	$34.31M	$8.65M	$20.56M	$-23.70M	$-30.15M	$17.54M	$-30.49M	$-21.54M	$-29.40M	$-33.93M	$-59.20M	$-42.34M	$-44.42M	$-59.38M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4.85%	-0.14%	1.75%	0.81%	2.44%	0.93%	1.12%	1.28%	1.02%	0.84%	0.48%

Precision Drilling's average Quarter net income forecast for Jun 23 is $20.94M, with a range of $20.56M to $21.69M. PDS's average Quarter net income forecast represents a -78.15% decrease compared to the company's last Quarter net income of $95.83M (Mar 23).

Precision Drilling SG&A Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	3	2	2	2	4	7	3	3	2	2	2	2	3	4	5	6	6	8
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$15.52M	$79.21M	$24.91M	$21.36M	$55.51M	$19.18M	$23.98M	$31.46M	$21.31M	$20.93M	$11.95M
Avg Forecast	$42.57M	$41.71M	$35.87M	$44.67M	$40.51M	$39.75M	$34.43M	$70.46M	$40.85M	$40.89M	$33.95M	$40.97M	$39.47M	$41.20M	$35.19M	$27.50M	$40.67M	$38.14M	$34.24M	$25.00M	$17.62M	$34.88M	$24.64M	$22.73M	$23.78M	$21.92M	$17.50M	$20.83M	$16.71M	$13.78M
High Forecast	$43.74M	$42.86M	$36.86M	$45.90M	$41.62M	$40.84M	$35.37M	$72.40M	$41.97M	$42.02M	$34.88M	$42.10M	$40.56M	$42.33M	$36.16M	$33.01M	$41.41M	$39.96M	$35.18M	$30.00M	$21.15M	$34.88M	$24.64M	$27.28M	$23.78M	$21.92M	$17.50M	$24.99M	$16.71M	$13.78M
Low Forecast	$41.97M	$41.12M	$35.37M	$44.04M	$39.94M	$39.19M	$33.94M	$69.47M	$40.27M	$40.32M	$33.47M	$40.40M	$38.92M	$40.62M	$34.69M	$22.00M	$39.36M	$36.47M	$33.76M	$20.00M	$14.10M	$34.88M	$24.64M	$18.18M	$23.78M	$21.92M	$17.50M	$16.66M	$16.71M	$13.78M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.62%	4.49%	0.71%	0.87%	2.44%	0.81%	1.09%	1.80%	1.02%	1.25%	0.87%

Precision Drilling's average Quarter SG&A projection for Jun 23 is $34.24M, based on 3 Wall Street analysts, with a range of $33.76M to $35.18M. The forecast indicates a 120.60% rise compared to PDS last annual SG&A of $15.52M (Mar 23).

Precision Drilling EPS Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	3	2	2	2	4	7	3	3	2	2	2	2	3	4	5	6	6	8
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$7.02	$0.27	$2.26	$-1.81	$-3.25	$-2.05	$-2.86	$-5.71	$-2.70	$-2.74	$-2.07
Avg Forecast	$3.61	$3.12	$1.51	$3.43	$3.10	$2.86	$1.21	$4.96	$2.84	$2.49	$1.17	$2.52	$2.01	$2.29	$1.09	$2.85	$2.69	$2.34	$1.41	$4.03	$3.24	$1.22	$-2.12	$-2.04	$-2.04	$-2.36	$-4.11	$-2.73	$-3.09	$-4.13
High Forecast	$3.74	$3.23	$1.56	$3.55	$3.21	$2.96	$1.25	$5.14	$2.94	$2.58	$1.21	$2.61	$2.08	$2.31	$1.13	$2.87	$3.33	$4.52	$1.46	$4.18	$3.36	$1.22	$-2.12	$-2.04	$-2.04	$-2.36	$-4.11	$-2.73	$-3.09	$-4.13
Low Forecast	$3.54	$3.06	$1.48	$3.37	$3.04	$2.80	$1.19	$4.87	$2.79	$2.45	$1.15	$2.48	$1.98	$2.27	$1.07	$2.83	$2.30	$0.58	$1.38	$3.96	$3.18	$1.22	$-2.12	$-2.04	$-2.04	$-2.36	$-4.11	$-2.73	$-3.09	$-4.13
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.74%	0.08%	1.85%	0.85%	1.59%	1.00%	1.21%	1.39%	0.99%	0.89%	0.50%

According to 3 Wall Street analysts, Precision Drilling's projected average Quarter EPS for Jun 23 is $1.41, with a low estimate of $1.38 and a high estimate of $1.46. This represents a -79.96% decrease compared to PDS previous annual EPS of $7.02 (Mar 23).

Precision Drilling Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
BORR	Borr Drilling	$3.81	$9.00	136.22%	Buy
PTEN	Patterson-UTI Energy	$7.34	$12.63	72.07%	Buy
NBR	Nabors Industries	$59.85	$95.00	58.73%	Buy
NE	Noble	$30.27	$48.00	58.57%	Buy
HP	Helmerich & Payne	$32.64	$48.50	48.59%	Hold
RIG	Transocean	$3.67	$5.00	36.24%	Buy
PDS	Precision Drilling	$58.46	$71.33	22.02%	Buy

PDS Forecast FAQ

Is Precision Drilling a good buy?

Yes, according to 6 Wall Street analysts, Precision Drilling (PDS) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 5 'Buy' recommendations, accounting for 100.00% of PDS's total ratings.

What is PDS's price target?

Precision Drilling (PDS) average price target is $71.33 with a range of $47.74 to $101, implying a 26.07% from its last price of $56.58. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Precision Drilling stock go up soon?

According to Wall Street analysts' prediction for PDS stock, the company can go up by 26.07% (from the last price of $56.58 to the average price target of $71.33), up by 78.51% based on the highest stock price target, and down by -15.62% based on the lowest stock price target.

Can Precision Drilling stock reach $80?

PDS's highest twelve months analyst stock price target of $101 supports the claim that Precision Drilling can reach $80 in the near future.

What are Precision Drilling's analysts' financial forecasts?

Precision Drilling's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.23B (high $2.29B, low $2.2B), average EBITDA is $558.47M (high $573.84M, low $550.62M), average net income is $180.54M (high $187M, low $177.24M), average SG&A $185.14M (high $190.24M, low $182.54M), and average EPS is $12.13 (high $12.56, low $11.9). PDS's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $1.98B (high $2.04B, low $1.96B), average EBITDA is $497.15M (high $510.84M, low $490.16M), average net income is $173.64M (high $179.85M, low $170.46M), average SG&A $164.81M (high $169.35M, low $162.5M), and average EPS is $11.66 (high $12.08, low $11.45).

Did the PDS's actual financial results beat the analysts' financial forecasts?

Based on Precision Drilling's last annual report (Dec 2022), the company's revenue was $1.62B, beating the average analysts forecast of $1.53B by 5.71%. Apple's EBITDA was $311.6M, beating the average prediction of $257.43M by 21.04%. The company's net income was $-34.293M, missing the average estimation of $-56.026M by -38.79%. Apple's SG&A was $180.99M, beating the average forecast of $99.87M by 81.22%. Lastly, the company's EPS was $-2.53, missing the average prediction of $0.296 by -955.39%. In terms of the last quarterly report (Mar 2023), Precision Drilling's revenue was $558.61M, beating the average analysts' forecast of $527.36M by 5.92%. The company's EBITDA was $203.22M, beating the average prediction of $20.37M by 897.45%. Precision Drilling's net income was $95.83M, missing the average estimation of $-19.749M by -585.24%. The company's SG&A was $15.52M, missing the average forecast of $25M by -37.93%. Lastly, the company's EPS was $7.02, beating the average prediction of $4.03 by 74.11%