Precision Drilling Corporation (PDS)

Precision Drilling Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Precision Drilling stock has a target of 95, which predicts an increase of 103.78% from the current stock price of 46.62.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$95	$95	$95	$95
Change	+103.78%	+103.78%	+103.78%	+103.78%

* Price targets were last updated on Jul 15, 2024.

Analyst Ratings

According to 1 stock analyst, the rating for Precision Drilling is "Buy". This means that the analyst believes this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	1	1	1	1	1	0
Buy	2	2	2	2	2	1
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	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Luke Lemoine Piper Sandler	Piper Sandler	Buy Maintains $101 → $95	Buy	Maintains	$101 → $95	+103.78%	Jul 15, 2024
Luke Lemoine Piper Sandler	Piper Sandler	Buy Maintains $81 → $101	Buy	Maintains	$81 → $101	+116.65%	May 6, 2024
Luke Lemoine Piper Sandler	Piper Sandler	Buy Maintains $100 → $81	Buy	Maintains	$100 → $81	+73.75%	Feb 20, 2024
Luke Lemoine Piper Sandler	Piper Sandler	Buy Maintains $107 → $100	Buy	Maintains	$107 → $100	+114.50%	Jan 8, 2024
Keith Mackey RBC Capital	RBC Capital	Buy Maintains $118 → $125	Buy	Maintains	$118 → $125	+168.13%	Sep 13, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

2.00B

Increased by 4.87%

from 1.90B

Revenue Next Year

2.05B

Increased by 2.91%

from 2.00B

EPS This Year

8.34

Increased by 6.72%

from 7.81

EPS Next Year

9.74

Increased by 16.80%

from 8.34

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	935.75M	986.85M	1.62B	1.94B	1.90B	2.00B	2.05B	2.10B
Revenue Growth	-39.29%	5.46%	63.88%	19.83%	-1.83%	4.87%	2.91%	2.05%
EPS	-8.76	-13.32	-2.53	19.53	7.81	8.34	9.74	13.80
EPS Growth	-	-	-	-	-59.99%	6.72%	16.80%	41.69%
Forward PE	-	-	-	-	-	8.05	6.89	4.86
No. Analysts	-	-	-	-	-	11	10	5

Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	2.1B	2.2B	2.2B
Avg	2.0B	2.1B	2.1B
Low	1.8B	1.9B	2.0B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	12.6%	9.8%	5.8%
Avg	4.9%	2.9%	2.0%
Low	-4.2%	-6.8%	-4.6%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	10.73	12.46	15.73
Avg	8.34	9.74	13.80
Low	6.48	6.11	11.57

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	37.4%	49.5%	61.5%
Avg	6.7%	16.8%	41.7%
Low	-17.1%	-26.8%	18.9%

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.