Precision Drilling (PD.TO) Buy, Sell or Hold

Precision Drilling (PD.TO)

119.16

+1.13 (0.96%)

as of Jun 19, 2026, 8:00:00 pm Market Open.

117 watching

TOP PICK

At an extremely attractive level. Focused on maximizing free cashflow and de-leveraging. Anticipates it meeting an inflection point of moving from using money to de-lever to using it to reward shareholders, by Q2 of next year.

A non-depleting business, low-maintenance assets. Backdrop of LNG Canada, replenishing inventory, good macro headwinds. His numbers show 34% free cashflow yield next year, 36% the year after. His target is $177. No dividend.

(Analysts’ price target is $132.72)

DON'T BUY

Energy is very cyclical. This will lose money when the economy is on the downturn. That happened a few years ago. Unless you are optimistic about oil prices, don't build a position.

COMMENT

In drilling services like SLB and Haliburton - a cyclical business. Buy only when out of favour.

HOLD

Short? Reticent to short. Past year has seen demand for drilling and day rates go up, and this should persist for a while. Good performer. Content to hold.

BUY

Service company in energy in Canada. Big player in US and Canada. Looks very attractive as a play on energy pickup. In the drilling business for precious metals, and increasingly base metals like copper.

PAST TOP PICK

(A Top Pick Aug 10/20, Down 0.19%) Resurgence in energy industry after pandemic has created bull energy market. Will continue to hold shares, as believes company will benefit from increase activity in energy market. Strong company that is well managed. Good balance sheet.

COMMENT

Would purchase TCW than PD. Owns neither. The collapse on oil price will impair spending further than maintenance capital. There is always a bad actor that ruins the pricing power. Would prefer the producers.

PAST TOP PICK

(A Top Pick Oct 16/20, Up 180%) Historically, service stocks were the high beta stocks but in this cycle, production needs to be kept flat. We will see some service cost inflation next year. We might not see growth in cap-ex though.

PARTIAL BUY

We are on a different cycle than in the past. The business model has shifted which is now positive for oil macro. Oil production growth is no longer elastic to rising oil prices. They are now taking free cashflow and companies are now buying back stocks. There is an opportunity for a rerate. Owned it post-consolidation. Fair value is in the $40s. Does not think the oil company will run out and drill again.

PAST TOP PICK

(A Top Pick Feb 12/20, Down 9%) He used to own 5% of the company and made a 40% profit in a few months--but he sold it way too early. Give this lesson, now he'd rather sit on oil names and ride it out, or else he'll miss the upside. Companies like this won't spend as much capex even with the oil price rise. You can do better elsewhere.

TOP PICK

The biggest land driller in Canada and one of the largest in North America. They still generated free cashflow even during challenging times. At $50 oil, they can generate free cashflow equivalent to their market cap if producers drill to maintain production. Downside is limited since they generated free cash this year still. (Analysts’ price target is $1.22)

BUY ON WEAKNESS

Expect less drilling activity but they will survive. They have first-class equipment in the US and Canada. It's a higher-beta name, thus more speculative. Buy this on weakness. He expects drilling to pick up in 2021.

DON'T BUY

This was his largest holding as of a week ago, but he sold out last week as oil producers getting hit hard. With oil imploding, he expects capex budgets will get slashed. It is difficult to see how this stock would do well, when producers are cutting back.

TOP PICK

There is a base level of activity to just maintain production. The stock price is already demonstrating a poor drilling season outlook. They could privatize the company in 2.5 years on current cash flow. An outlook for $60 oil will lead to an uptick in drilling activity from here. Yield 0% (Analysts’ price target is $2.89)

DON'T BUY

The chart is pretty ugly right now and he does not see the bear trend ending yet. He wants to see a base form first.

Showing 1 to 15 of 710 entries

Precision Drilling (PD.TO) Frequently Asked Questions

What is Precision Drilling stock symbol?

Precision Drilling is a Canadian stock, trading under the symbol PD.TO (previously PD-T on Stockchase) on the Toronto Stock Exchange (PD-CT). It is usually referred to as TSX:PD or PD.TO

Is Precision Drilling a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on PD.TO (previously PD-T on Stockchase) on Stockchase. Read the latest expert commentary for Precision Drilling.

Is Precision Drilling a good investment or a top pick?

Precision Drilling was recommended as a Top Pick by Keith Richards on 2019-11-22. Read the latest stock experts ratings for Precision Drilling.

Why is Precision Drilling stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Precision Drilling.

Is Precision Drilling worth watching?

Precision Drilling is followed by 117 investors on Stockchase and is a trending stock that is worth watching.

What is Precision Drilling stock price?

On 2026-06-19, Precision Drilling (PD.TO) stock closed at a price of $119.16.

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CNBC

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