On July 15, 2025, Piper Sandler initiated coverage on Precision Drilling (PDS, Financial) with an "Overweight" rating. This move marks the beginning of the firm's analytical coverage on the company.
Derek Podhaizer, an analyst from Piper Sandler, announced a price target for Precision Drilling (PDS, Financial) at $72.00 USD. This target reflects the firm's valuation and expectations for the company's future stock performance.
The announcement by Piper Sandler highlights the firm's confidence in Precision Drilling's (PDS, Financial) market potential and strategic direction. The "Overweight" rating suggests that Piper Sandler expects the stock to outperform the average total return of stocks covered by the firm over the next 12-18 months.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Precision Drilling Corp (PDS, Financial) is $68.18 with a high estimate of $90.51 and a low estimate of $50.37. The average target implies an upside of 37.96% from the current price of $49.42. More detailed estimate data can be found on the Precision Drilling Corp (PDS) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Precision Drilling Corp's (PDS, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Precision Drilling Corp (PDS, Financial) in one year is $64.07, suggesting a upside of 29.64% from the current price of $49.42. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Precision Drilling Corp (PDS) Summary page.
