Precision Drilling (TSE:PD) Given New C$140.00 Price Target at National Bank Financial

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective increased by National Bank Financial from C$120.00 to C$140.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

PD has been the topic of a number of other reports. BMO Capital Markets increased their target price on Precision Drilling from C$120.00 to C$150.00 in a research note on Thursday. Canadian Imperial Bank of Commerce upped their price target on shares of Precision Drilling from C$120.00 to C$140.00 in a research note on Friday. ATB Cormark Capital Markets set a C$120.00 price objective on shares of Precision Drilling and gave the company an “outperform” rating in a research note on Friday, December 19th. Royal Bank Of Canada lifted their target price on shares of Precision Drilling from C$110.00 to C$117.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Finally, TD Securities upped their target price on shares of Precision Drilling from C$118.00 to C$123.00 in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Precision Drilling currently has a consensus rating of “Moderate Buy” and an average target price of C$134.29.

Precision Drilling Stock Performance

Shares of PD opened at C$119.04 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.54 and a debt-to-equity ratio of 51.98. The stock has a market cap of C$1.54 billion, a P/E ratio of 28.55, a P/E/G ratio of -3.24 and a beta of 1.43. The business’s 50 day moving average price is C$102.91 and its 200-day moving average price is C$87.92. Precision Drilling has a 52 week low of C$51.38 and a 52 week high of C$122.65.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported C($0.51) earnings per share for the quarter. Precision Drilling had a net margin of 12.53% and a return on equity of 14.96%. The company had revenue of C$462.25 million for the quarter.

Trending Headlines about Precision Drilling

Here are the key news stories impacting Precision Drilling this week:

• Positive Sentiment: Multiple major firms raised targets — BMO bumped its target to C$150 (largest raise), Raymond James to C$143 (outperform), CIBC and National Bank to C$140, RBC to C$124 (outperform) and TD to C$123 — signaling improved analyst conviction and supporting upside. Analyst Rating Roundup RBC Coverage
• Neutral Sentiment: Company released its 2025 fourth-quarter and year-end unaudited financial results (press release) — investors should dig into cash flow, capital spending and notes on decommissioning to assess recurring profitability versus one-offs. Company Q4 Results
• Negative Sentiment: Media coverage highlights a decommissioning charge that pushed Precision to a Q4 loss — this one-time expense weighed on earnings and sparked some intraday selling in earlier trade; investors should monitor the size and cadence of such charges and any guidance changes. Q4 Loss Coverage

Precision Drilling Company Profile

Precision Drilling Corp is a leader in North American oil and gas services. It is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada. Its segments are Contract Drilling Services which is the majority key revenue generator and other segments include Completion and Production Services.