Precision Drilling (TSE:PD) Price Target Lowered to C$160.00 at ATB Cormark Capital Markets

Posted by on Jul 30th, 2026

Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) had its price target dropped by research analysts at ATB Cormark Capital Markets from C$165.00 to C$160.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would suggest a potential upside of 50.15% from the company’s previous close.

Other analysts also recently issued reports about the stock. TD reduced their price target on shares of Precision Drilling from C$124.00 to C$116.00 and set a “hold” rating on the stock in a report on Thursday. Raymond James Financial increased their price objective on shares of Precision Drilling from C$162.00 to C$165.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Canadian Imperial Bank of Commerce cut their price objective on Precision Drilling from C$160.00 to C$155.00 in a research report on Thursday. BMO Capital Markets lifted their target price on Precision Drilling from C$160.00 to C$165.00 in a report on Thursday, April 30th. Finally, Royal Bank Of Canada lifted their target price on Precision Drilling from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a report on Tuesday, April 14th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$148.00.

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Precision Drilling Stock Performance

PD traded up C$3.66 during midday trading on Thursday, reaching C$106.56. The company had a trading volume of 64,852 shares, compared to its average volume of 90,711. The business has a 50-day moving average of C$120.11 and a two-hundred day moving average of C$121.37. The company has a quick ratio of 1.36, a current ratio of 1.70 and a debt-to-equity ratio of 45.24. Precision Drilling has a 1 year low of C$72.87 and a 1 year high of C$143.81. The company has a market cap of C$1.38 billion, a P/E ratio of -102.46, a P/E/G ratio of -3.24 and a beta of 0.42.

Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C($0.52) EPS for the quarter. The business had revenue of C$452.80 million for the quarter. Precision Drilling had a negative net margin of 0.82% and a negative return on equity of 0.94%.

Precision Drilling Company Profile

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Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha¿ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen¿ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations.

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