Precision Drilling Corporation (PDS)
NYSE: PDS · IEX Real-Time Price · USD
68.26
-0.69 (-1.00%)
Apr 16, 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 107, with a low estimate of 81 and a high estimate of 125. The average target predicts an increase of 56.75% from the current stock price of 68.26.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $81 $107 $115 $125
Change +18.66% +56.75% +68.47% +83.12%
* Price targets were last updated on Feb 20, 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 Nov '23Dec '23Jan '24Feb '24Mar '24Apr '24
Strong Buy 111111
Buy 222222
Hold 111000
Sell 000000
Strong Sell 000000
Total 444333

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Piper Sandler
Piper Sandler
Buy
Maintains
$100$81
Buy Maintains $100$81 +18.66% Feb 20, 2024
RBC Capital
RBC Capital
Buy
Maintains
$118$125
Buy Maintains $118$125 +83.12% Sep 13, 2023
Raymond James
Raymond James
Strong Buy
Maintains
$110$115
Strong Buy Maintains $110$115 +68.47% Aug 3, 2023
Piper Sandler
Piper Sandler
Buy
Maintains
$90$107
Buy Maintains $90$107 +56.75% Jul 31, 2023
RBC Capital
RBC Capital
Buy
Maintains
$100$118
Buy Maintains $100$118 +72.87% Jul 30, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
2.08B
from 1.94B
Increased by 7.44%
Revenue Next Year
2.19B
from 2.08B
Increased by 5.00%
EPS This Year
10.42
from 19.53
Decreased by -46.64%
EPS Next Year
14.26
from 10.42
Increased by 36.84%
Year 20192020202120222023202420252026
Revenue
1.54B935.75M986.85M1.62B1.94B2.08B2.19B2.15B
Revenue Growth
0.01%-39.29%5.46%63.87%19.83%7.44%5.00%-1.69%
EPS
0.45-8.76-13.32-2.5319.5310.4214.2616.84
EPS Growth
------46.64%36.84%18.07%
No. Analysts -----12126
Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 2.2B 2.3B 2.4B
Avg 2.1B 2.2B 2.1B
Low 1.9B 1.9B 1.9B

Revenue Growth

Revenue Growth 202420252026
High
14.8%
12.8%
7.9%
Avg
7.4%
5.0%
-1.7%
Low
-3.3%
-6.7%
-13.6%

EPS Forecast

EPS 202420252026
High 13.99 17.40 20.78
Avg 10.42 14.26 16.84
Low 6.13 9.10 14.07

EPS Growth

EPS Growth 202420252026
High
-28.4%
67.0%
45.7%
Avg
-46.6%
36.8%
18.1%
Low
-68.6%
-12.6%
-1.3%
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.