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

OverviewRevenueOwnershipFinancialsChartTranscripts

PDS Stock Forecast

Precision Drilling (PDS) stock forecast, based on 18 Wall Street analysts, predicts a 12-month average price target of $71.33, with a high of $101.00 and a low of $47.74. This represents a 69.23% increase from the last price of $42.15.

$40 $53 $66 $79 $92 $105 High: $101 Avg: $71.33 Low: $47.74 Last Closed Price: $42.15

PDS Stock Rating

Precision Drilling stock's rating consensus is Buy, based on 18 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 11 Buy (61.11%), 7 Hold (38.89%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 18 0 7 11 Strong Sell Sell Hold Buy Strong Buy

PDS Price Target Upside V Benchmarks

TypeNameUpside
StockPrecision Drilling69.23%
SectorEnergy Stocks 41.60%
IndustryOil & Gas Drilling Stocks131.26%

Price Target Trends

1M3M12M
# Anlaysts--1
Avg Price Target--$101.00
Last Closing Price$42.15$42.15$42.15
Upside/Downside--139.62%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 25242--8
Mar, 25252--9
Feb, 25262--10
Jan, 25261--9
Dec, 24271--10
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 06, 2024Luke LemoinePiper Sandler$101.00$71.1242.01%139.62%
Jun 20, 2022Ian MacphersonPiper Sandler$125.00$61.47103.35%196.56%
Jan 27, 2022John BereznickiCanaccord Genuity$47.74$41.7214.43%13.26%
Jan 07, 2022James WestEvercore ISI$65.25$41.3057.99%54.80%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Aug 01, 2024Raymond JamesStrong BuyStrong Buyhold
Aug 01, 2024RBC CapitalOutperformOutperformhold
Aug 01, 2024TD SecuritiesBuyBuyhold
Jul 31, 2024CIBCOutperformOutperformhold
Jul 31, 2024BMO CapitalOutperformOutperformhold
May 06, 2024Piper SandlerOverweightOverweighthold
Oct 28, 2022TD SecuritiesBuyBuyhold
Jun 20, 2022Piper SandlerOverweightOverweighthold

Financial Forecast

EPS Forecast

$-15 $-8 $-1 $6 $13 $20 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-8.76$-13.32$-2.53$18.92-----
Avg Forecast$-9.57$-13.06$0.22$12.66$8.90$10.00$11.31$13.78$17.59
High Forecast$-9.23$-12.60$0.22$13.12$8.94$12.56$12.06$14.69$18.76
Low Forecast$-9.85$-13.45$0.21$12.19$8.85$7.45$10.88$13.24$16.91
Surprise %-8.46%1.99%-1250.00%49.45%-----

Revenue Forecast

$500M $900M $1B $2B $2B $3B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$935.75M$986.85M$1.62B$1.94B-----
Avg Forecast$941.48M$981.59M$1.58B$1.93B$1.92B$1.98B$2.02B$2.04B$1.97B
High Forecast$963.28M$1.00B$1.63B$1.94B$1.98B$2.05B$2.12B$2.15B$2.08B
Low Forecast$915.94M$954.97M$1.54B$1.91B$1.88B$1.93B$1.96B$1.98B$1.92B
Surprise %-0.61%0.54%2.54%0.50%-----

Net Income Forecast

$-200M $-100M $0 $100M $200M $300M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-120.14M$-177.39M$-34.29M$289.24M-----
Avg Forecast$-121.86M$-139.58M$-100.02M$-114.17M$136.01M$152.92M$172.92M$210.58M$268.89M
High Forecast$-97.49M$-111.67M$-80.02M$-91.34M$136.69M$191.96M$184.44M$224.61M$286.80M
Low Forecast$-146.23M$-167.50M$-120.03M$-137.01M$135.33M$113.88M$166.25M$202.47M$258.52M
Surprise %-1.41%27.08%-65.71%-353.34%-----

PDS Forecast FAQ

Is Precision Drilling stock a buy?

Precision Drilling stock has a consensus rating of Buy, based on 18 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 11 Buy, 7 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Precision Drilling is a favorable investment for most analysts.

What is Precision Drilling's price target?

Precision Drilling's price target, set by 18 Wall Street analysts, averages $71.33 over the next 12 months. The price target range spans from $47.74 at the low end to $101 at the high end, suggesting a potential 69.23% change from the previous closing price of $42.15.

How does Precision Drilling stock forecast compare to its benchmarks?

Precision Drilling's stock forecast shows a 69.23% upside, outperforming the average forecast for the energy stocks sector (41.60%) and underperforming the oil & gas drilling stocks industry (131.26%).

What is the breakdown of analyst ratings for Precision Drilling over the past three months?

  • April 2025: 25.00% Strong Buy, 50.00% Buy, 25.00% Hold, 0% Sell, 0% Strong Sell.
  • March 2025: 22.22% Strong Buy, 55.56% Buy, 22.22% Hold, 0% Sell, 0% Strong Sell.
  • February 2025: 20.00% Strong Buy, 60.00% Buy, 20.00% Hold, 0% Sell, 0% Strong Sell.

What is Precision Drilling’s EPS forecast?

Precision Drilling's average annual EPS forecast for its fiscal year ending in December 2024 is $8.9, marking a -52.96% decrease from the reported $18.92 in 2023. Estimates for the following years are $10 in 2025, $11.31 in 2026, $13.78 in 2027, and $17.59 in 2028.

What is Precision Drilling’s revenue forecast?

Precision Drilling's average annual revenue forecast for its fiscal year ending in December 2024 is $1.92B, reflecting a -0.85% decrease from the reported $1.94B in 2023. The forecast for 2025 is $1.98B, followed by $2.02B for 2026, $2.04B for 2027, and $1.97B for 2028.

What is Precision Drilling’s net income forecast?

Precision Drilling's net income forecast for the fiscal year ending in December 2024 stands at $136.01M, representing a -52.98% decrease from the reported $289.24M in 2023. Projections indicate $152.92M in 2025, $172.92M in 2026, $210.58M in 2027, and $268.89M in 2028.