Precision Drilling (PDS) Stock Forecast, Price Target & Predictions
PDS Stock Forecast
Precision Drilling stock forecast is as follows: an average price target of $71.33 (represents a 12.40% upside from PDS’s last price of $63.46) 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 12.40% upside from PDS's last price of $63.46.
PDS Analyst Ratings
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% | 59.16% |
| Jun 20, 2022 | Ian Macpherson | Piper Sandler | $125.00 | $61.47 | 103.35% | 96.97% |
| Jan 27, 2022 | John Bereznicki | Canaccord Genuity | $47.74 | $41.72 | 14.44% | -24.76% |
| Jan 07, 2022 | James West | Evercore ISI | $65.25 | $41.30 | 57.99% | 2.82% |
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 59.16% increase from PDS last price ($63.46).
Precision Drilling Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $101.00 |
| Last Closing Price | $63.46 | $63.46 | $63.46 |
| Upside/Downside | -100.00% | -100.00% | 59.16% |
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 $63.46. 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 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 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $558.61M | $510.50M | $429.33M | $326.02M | $351.34M | $295.20M | $253.81M | $201.36M | $236.47M | $201.69M | $164.82M | $189.76M | $379.48M | $372.30M | $375.55M |
| Avg Forecast | $604.28M | $604.28M | $493.25M | $619.01M | $548.60M | $549.09M | $443.20M | $541.52M | $522.59M | $527.07M | $423.54M | $526.41M | $489.58M | $459.06M | $412.14M | $527.36M | $483.30M | $419.87M | $296.54M | $264.18M | $224.57M | $208.26M | $170.36M | $181.62M | $157.47M | $124.67M | $143.92M | $261.43M | $276.63M | $289.62M |
| High Forecast | $618.46M | $618.46M | $504.83M | $633.55M | $561.47M | $561.98M | $453.61M | $554.23M | $534.86M | $539.44M | $433.48M | $538.76M | $498.38M | $480.94M | $421.81M | $539.74M | $494.65M | $429.72M | $296.54M | $276.23M | $234.82M | $217.76M | $178.13M | $189.91M | $164.66M | $130.36M | $150.49M | $273.35M | $289.25M | $302.84M |
| Low Forecast | $583.41M | $583.41M | $476.22M | $597.64M | $529.66M | $530.13M | $427.90M | $522.83M | $504.55M | $508.87M | $408.92M | $508.23M | $473.71M | $438.93M | $397.91M | $509.16M | $466.62M | $405.37M | $296.54M | $251.60M | $213.88M | $198.35M | $162.25M | $172.98M | $149.98M | $118.74M | $137.07M | $248.98M | $263.46M | $275.84M |
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 4 | 5 | 5 | 6 | 9 | 11 | 16 | 9 | 11 | 8 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 1.06% | 1.02% | 1.10% | 1.33% | 1.31% | 1.22% | 1.18% | 1.30% | 1.28% | 1.32% | 1.32% | 1.45% | 1.35% | 1.30% |
Precision Drilling's average Quarter revenue forecast for Jun 23 based on 6 analysts is $412.14M, with a low forecast of $397.91M, and a high forecast of $421.81M. 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 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 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 4 | 5 | 5 | 6 | 9 | 11 | 16 | 9 | 11 | 8 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $203.22M | $91.09M | $118.92M | $63.34M | $36.03M | $54.22M | $45.41M | $21.82M | $53.66M | $49.80M | $49.72M | $63.84M | $110.68M | $83.66M | $97.25M |
| Avg Forecast | $151.00M | $151.00M | $123.26M | $154.69M | $137.09M | $137.21M | $110.75M | $135.32M | $130.59M | $131.71M | $105.84M | $22.41M | $122.34M | $114.72M | $102.99M | $20.37M | $120.77M | $35.12M | $74.10M | $18.52M | $47.34M | $31.93M | $10.56M | $54.52M | $71.65M | $69.85M | $63.07M | $102.63M | $222.37M | $128.48M |
| High Forecast | $154.55M | $154.55M | $126.15M | $158.32M | $140.31M | $140.43M | $113.35M | $138.50M | $133.66M | $134.80M | $108.32M | $26.89M | $124.54M | $120.18M | $105.41M | $24.45M | $123.61M | $42.14M | $74.10M | $22.23M | $56.81M | $38.31M | $12.68M | $65.42M | $85.98M | $83.82M | $75.68M | $123.16M | $266.85M | $154.17M |
| Low Forecast | $145.79M | $145.79M | $119.00M | $149.35M | $132.36M | $132.48M | $106.93M | $130.65M | $126.08M | $127.16M | $102.19M | $17.93M | $118.38M | $109.69M | $99.43M | $16.30M | $116.60M | $28.10M | $74.10M | $14.82M | $37.87M | $25.54M | $8.45M | $43.61M | $57.32M | $55.88M | $50.46M | $82.11M | $177.90M | $102.78M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9.97% | 0.75% | 3.39% | 0.85% | 1.95% | 1.15% | 1.42% | 2.07% | 0.98% | 0.70% | 0.71% | 1.01% | 1.08% | 0.38% | 0.76% |
6 analysts predict PDS's average Quarter EBITDA for Jun 23 to be $102.99M, with a high of $105.41M and a low of $99.43M. This is -49.32% lower than Precision Drilling's previous annual EBITDA (Mar 23) of $203.22M.
Precision Drilling Net Income Forecast
| 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 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 4 | 5 | 5 | 6 | 9 | 11 | 16 | 9 | 11 | 8 | 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 | $-48.87M | $-5.28M | $-1.06M | $-3.53M |
| Avg Forecast | $65.49M | $65.20M | $27.01M | $65.06M | $56.79M | $51.86M | $18.66M | $54.87M | $41.59M | $36.67M | $15.74M | $-21.72M | $38.72M | $33.66M | $20.25M | $-19.75M | $46.64M | $-27.52M | $-30.52M | $-17.95M | $-19.86M | $-25.02M | $-59.42M | $-35.29M | $-42.09M | $-25.63M | $-48.87M | $-5.28M | $-2.48M | $-4.45M |
| High Forecast | $67.49M | $67.19M | $27.84M | $67.05M | $58.52M | $53.44M | $19.23M | $56.54M | $42.86M | $37.79M | $16.22M | $-17.38M | $47.99M | $65.02M | $20.86M | $-15.80M | $48.06M | $-22.02M | $-30.52M | $-14.36M | $-15.89M | $-20.02M | $-47.53M | $-28.23M | $-33.67M | $-20.50M | $-39.09M | $-4.22M | $-1.99M | $-3.56M |
| Low Forecast | $62.55M | $62.28M | $25.80M | $62.14M | $54.24M | $49.53M | $17.82M | $52.40M | $39.72M | $35.02M | $15.03M | $-26.07M | $33.17M | $8.36M | $19.34M | $-23.70M | $44.55M | $-33.03M | $-30.52M | $-21.54M | $-23.83M | $-30.02M | $-71.30M | $-42.34M | $-50.51M | $-30.75M | $-58.64M | $-6.33M | $-2.98M | $-5.34M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -4.85% | 0.07% | -1.11% | 0.81% | 2.44% | 1.38% | 1.52% | 1.28% | 1.02% | 0.89% | 1.11% | 1.00% | 1.00% | 0.43% | 0.79% |
Precision Drilling's average Quarter net income forecast for Jun 23 is $20.25M, with a range of $19.34M to $20.86M. PDS's average Quarter net income forecast represents a -78.87% decrease compared to the company's last Quarter net income of $95.83M (Mar 23).
Precision Drilling SG&A Forecast
| 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 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 4 | 5 | 5 | 6 | 9 | 11 | 16 | 9 | 11 | 8 | 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 | $18.45M | $19.54M | $25.58M | $21.06M |
| Avg Forecast | $50.20M | $50.20M | $40.98M | $51.43M | $45.58M | $45.62M | $36.82M | $44.99M | $43.42M | $43.79M | $35.19M | $27.50M | $40.67M | $38.14M | $34.24M | $25.00M | $40.15M | $17.35M | $24.64M | $22.73M | $13.93M | $15.78M | $24.62M | $20.83M | $23.48M | $10.76M | $18.45M | $19.54M | $59.85M | $26.54M |
| High Forecast | $51.38M | $51.38M | $41.94M | $52.63M | $46.65M | $46.69M | $37.69M | $46.05M | $44.44M | $44.82M | $36.01M | $33.01M | $41.41M | $39.96M | $35.04M | $30.00M | $41.09M | $20.83M | $24.64M | $27.28M | $16.72M | $18.93M | $29.55M | $24.99M | $28.18M | $12.91M | $22.14M | $23.44M | $71.82M | $31.85M |
| Low Forecast | $48.47M | $48.47M | $39.56M | $49.65M | $44.00M | $44.04M | $35.55M | $43.44M | $41.92M | $42.28M | $33.97M | $22.00M | $39.36M | $36.47M | $33.06M | $20.00M | $38.77M | $13.88M | $24.64M | $18.18M | $11.15M | $12.62M | $19.70M | $16.66M | $18.78M | $8.61M | $14.76M | $15.63M | $47.88M | $21.23M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.62% | 1.97% | 1.44% | 0.87% | 2.44% | 1.38% | 1.52% | 1.28% | 1.02% | 0.89% | 1.11% | 1.00% | 1.00% | 0.43% | 0.79% |
Precision Drilling's average Quarter SG&A projection for Jun 23 is $34.24M, based on 6 Wall Street analysts, with a range of $33.06M to $35.04M. The forecast indicates a 120.60% rise compared to PDS last annual SG&A of $15.52M (Mar 23).
Precision Drilling EPS Forecast
| 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 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 4 | 5 | 5 | 6 | 9 | 11 | 16 | 9 | 11 | 8 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $7.02 | $0.27 | $2.26 | $-1.81 | $-3.25 | $-2.05 | $-2.86 | $-5.71 | $-2.70 | $-2.74 | $-2.07 | $-3.56 | $-0.38 | $-0.07 | $-0.24 |
| Avg Forecast | $4.55 | $4.53 | $1.88 | $4.52 | $3.94 | $3.60 | $1.30 | $3.81 | $2.89 | $2.55 | $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 | $-4.04 | $-0.61 | $-1.09 | $-1.05 |
| High Forecast | $4.69 | $4.67 | $1.93 | $4.66 | $4.07 | $3.71 | $1.34 | $3.93 | $2.98 | $2.63 | $1.13 | $2.94 | $3.33 | $4.52 | $1.45 | $4.15 | $3.34 | $1.26 | $-2.12 | $-1.92 | $-1.92 | $-2.21 | $-3.86 | $-2.56 | $-2.89 | $-3.87 | $-3.79 | $-0.57 | $-1.02 | $-0.98 |
| Low Forecast | $4.35 | $4.33 | $1.79 | $4.32 | $3.77 | $3.44 | $1.24 | $3.64 | $2.76 | $2.43 | $1.04 | $2.72 | $2.30 | $0.58 | $1.34 | $3.85 | $3.09 | $1.16 | $-2.12 | $-2.17 | $-2.16 | $-2.50 | $-4.36 | $-2.89 | $-3.27 | $-4.37 | $-4.28 | $-0.64 | $-1.15 | $-1.11 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.74% | 0.08% | 1.85% | 0.85% | 1.59% | 1.00% | 1.21% | 1.39% | 0.99% | 0.89% | 0.50% | 0.88% | 0.62% | 0.07% | 0.23% |
According to 6 Wall Street analysts, Precision Drilling's projected average Quarter EPS for Jun 23 is $1.41, with a low estimate of $1.34 and a high estimate of $1.45. 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 |
|---|---|---|---|---|---|
| NBR | Nabors Industries | $62.61 | $151.67 | 142.25% | Buy |
| PTEN | Patterson-UTI Energy | $7.91 | $18.86 | 138.43% | Buy |
| NE | Noble | $34.09 | $61.00 | 78.94% | Buy |
| HP | Helmerich & Payne | $29.85 | $49.55 | 66.00% | Hold |
| BORR | Borr Drilling | $5.48 | $9.00 | 64.23% | Buy |
| DO | Diamond Offshore Drilling | $13.99 | $22.00 | 57.26% | Buy |
| RIG | Transocean | $4.13 | $6.12 | 48.18% | Buy |
| PDS | Precision Drilling | $63.46 | $71.33 | 12.40% | 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 12.40% from its last price of $63.46. 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 12.40% (from the last price of $63.46 to the average price target of $71.33), up by 59.16% based on the highest stock price target, and down by -24.76% based on the lowest stock price target.
Can Precision Drilling stock reach $100?
PDS's highest twelve months analyst stock price target of $101 supports the claim that Precision Drilling can reach $100 in the near future.
What are Precision Drilling's analysts' financial forecasts?
Precision Drilling's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.08B (high $2.13B, low $2.01B), average EBITDA is $520.38M (high $532.6M, low $502.41M), average net income is $182.17M (high $187.73M, low $174M), average SG&A $173M (high $177.07M, low $167.03M), and average EPS is $12.66 (high $13.04, low $12.09). PDS's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.32B (high $2.38B, low $2.24B), average EBITDA is $579.96M (high $593.57M, low $559.93M), average net income is $222.77M (high $229.57M, low $212.77M), average SG&A $192.81M (high $197.34M, low $186.15M), and average EPS is $15.48 (high $15.95, low $14.78).
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 $1.46B by 10.47%. Apple's EBITDA was $311.6M, beating the average prediction of $248.52M by 25.38%. The company's net income was $-34.293M, beating the average estimation of $-29.353M by 16.83%. Apple's SG&A was $180.99M, beating the average forecast of $104.87M by 72.58%. 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%