Precision Drilling Corporation (PDS)
NYSE: PDS · IEX Real-Time Price · USD
69.95
+0.54 (0.78%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Precision Drilling Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Precision Drilling stock have an average target of 113.67, with a low estimate of 101 and a high estimate of 125. The average target predicts an increase of 62.50% from the current stock price of 69.95.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 6, 2024.
Analyst Ratings
The average analyst rating for PDS stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Maintains $81 → $101 | Buy | Maintains | $81 → $101 | +44.39% | May 6, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $100 → $81 | Buy | Maintains | $100 → $81 | +15.80% | Feb 20, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $118 → $125 | Buy | Maintains | $118 → $125 | +78.70% | Sep 13, 2023 |
| Raymond James | Raymond James | Strong Buy Maintains $110 → $115 | Strong Buy | Maintains | $110 → $115 | +64.40% | Aug 3, 2023 |
| Piper Sandler | Piper Sandler | Buy Maintains $90 → $107 | Buy | Maintains | $90 → $107 | +52.97% | Jul 31, 2023 |
Financial Forecast
Revenue This Year
2.06B
from 1.94B
Increased by 6.25%
Revenue Next Year
2.17B
from 2.06B
Increased by 5.54%
EPS This Year
9.10
from 19.53
Decreased by -53.41%
EPS Next Year
13.42
from 9.10
Increased by 47.51%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.2B | 2.3B | 2.4B | 2.1B | 2.1B |
| Avg | 2.1B | 2.2B | 2.2B | 2.1B | 2.1B |
| Low | 1.9B | 1.9B | 2.0B | 2.0B | 2.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.9% | 13.5% | 9.5% | -5.0% | 2.2% |
| Avg | 6.3% | 5.5% | 1.7% | -6.8% | 0.3% |
| Low | -2.6% | -5.6% | -8.8% | -11.3% | -4.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.48 | 17.45 | 20.78 | 16.66 | 21.25 |
| Avg | 9.10 | 13.42 | 17.86 | 16.34 | 20.85 |
| Low | 4.75 | 6.18 | 15.44 | 15.55 | 19.83 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -36.1% | 91.8% | 54.8% | -6.7% | 30.1% |
| Avg | -53.4% | 47.5% | 33.1% | -8.5% | 27.6% |
| Low | -75.7% | -32.0% | 15.0% | -13.0% | 21.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.