BMO Capital analyst John Gibson CFA reiterated a Buy rating on Precision Drilling yesterday and set a price target of C$90.00.
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John Gibson CFA’s rating is based on Precision Drilling’s strong financial performance and strategic initiatives. The company reported impressive Q2/25 results, with U.S. activity showing signs of stabilization and an increase in natural gas-related demand. Precision Drilling has also made significant progress in debt reduction, nearly achieving its full-year target, which enhances its financial flexibility.
Additionally, the company has increased its capital expenditure budget to upgrade its rigs, indicating a commitment to growth and operational efficiency. The firm’s strong position in the Haynesville region and its international operations under long-term contracts further bolster its prospects. With attractive valuation metrics and an expanding shareholder return program, Precision Drilling is well-positioned to capitalize on future opportunities, justifying the Buy rating.
In another report released on July 14, Piper Sandler also initiated coverage with a Buy rating on the stock with a $72.00 price target.
PDS’s price has also changed moderately for the past six months – from $61.030 to $52.600, which is a -13.81% drop .