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

OverviewRevenueOwnershipFinancialsChartTranscripts

PDS Stock Forecast

Precision Drilling (PDS) stock forecast, based on 6 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 16.88% increase from the last price of $61.03.

$45 $57 $69 $81 $93 $105 High: $101 Avg: $71.33 Low: $47.74 Last Closed Price: $61.03

PDS Stock Rating

Precision Drilling stock's rating consensus is Buy, based on 6 Wall Street analysts. The breakdown includes 1 Strong Buy (16.67%), 5 Buy (83.33%), 0 Hold (0.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 6 0 5 1 Strong Sell Sell Hold Buy Strong Buy

PDS Forecast vs Benchmarks

TypeNameUpside
StockPrecision Drilling16.88%
SectorEnergy Stocks 25.44%
IndustryOil & Gas Drilling Stocks48.28%

Price Target Trends

1M3M12M
# Anlaysts--1
Avg Price Target--$101.00
Last Closing Price$61.03$61.03$61.03
Upside/Downside--65.49%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25261--9
Dec, 24271--10
Nov, 24473--14
Oct, 24473--14
Sep, 24473--14
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 06, 2024Luke LemoinePiper Sandler$101.00$71.1242.01%65.49%
Jun 20, 2022Ian MacphersonPiper Sandler$125.00$61.47103.35%104.82%
Jan 27, 2022John BereznickiCanaccord Genuity$47.74$41.7214.43%-21.78%
Jan 07, 2022James WestEvercore ISI$65.25$41.3057.99%6.91%
Latest Upgrade/Downgrade by Analysts
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$17.59
High Forecast$-9.85$-13.45$0.21$12.19$8.85$7.45$10.88$13.24$16.91
Low Forecast$-9.23$-12.60$0.22$13.12$8.94$12.56$12.06$14.69$18.76
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$915.94M$954.97M$1.54B$1.91B$1.88B$1.93B$1.96B$1.98B$1.92B
Low Forecast$963.28M$1.00B$1.63B$1.94B$1.98B$2.05B$2.12B$2.15B$2.08B
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$268.89M
High Forecast$-146.23M$-167.50M$-120.03M$-137.01M$135.33M$113.88M$166.25M$202.47M$258.52M
Low Forecast$-97.49M$-111.67M$-80.02M$-91.34M$136.69M$191.96M$184.44M$224.61M$286.80M
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 6 Wall Street analysts. The rating breakdown includes 1 Strong Buy, 5 Buy, 0 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 6 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 16.88% change from the previous close price of $61.03.

How does Precision Drilling stock forecast compare to the average forecast of its sector, industry, and investment themes?

Precision Drilling stock forecast shows a 16.88% upside, underperforming the average forecast for the energy stocks sector (25.44%) and underperforming the oil & gas drilling stocks industry (48.28%).

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

  • January 2025: 22.22% Strong Buy, 66.67% Buy, 11.11% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 20.00% Strong Buy, 70.00% Buy, 10.00% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 28.57% Strong Buy, 50.00% Buy, 21.43% 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 is 8.9 for 2024, a -52.96% decrease from the reported $18.92 in 2023. The prediction for 2025 is $10, $11.31 for 2026, $13.78 for 2027, and $17.59 for 2028.

What is Precision Drilling’s revenue forecast?

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

What is Precision Drilling’s net income forecast?

For its fiscal year ending in December, Precision Drilling's average annual net income forecast is $136.01M for 2024, reflecting a -52.98% decrease from the reported $289.24M in 2023. The projection for 2025 is $152.92M, $172.92M for 2026, $210.58M for 2027, and $268.89M for 2028.