04:35:20 EDT Thu 03 Jul 2025
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Precision Drilling Corp (2)
Symbol PD
Shares Issued 13,370,529
Close 2025-04-22 C$ 59.56
Market Cap C$ 796,348,707
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Globe says Precision Drilling kept at "sector perform"

2025-04-22 07:52 ET - In the News

The Globe and Mail reports in its Tuesday, April 22, edition that National Bank analyst Dan Payne has reaffirmed his "sector perform" call on Precision Drilling. The Globe's David Leeder writes in the Eye On Equities column that Mr. Payne slashed his share target by $25 to $110. Analysts on average target the shares at $110.36. While acknowledging the macroeconomic pressures brought on by the U.S. government's trade policy have made it "an uncertain time" for oil-field services providers, Mr. Payne thinks "patience should be rewarded" for investors with a longer-term perspective. Mr. Payne says in a note: "The drillers' strength comes through its diversity of operations, with a stout backdrop in Canada being complemented by C&P and international business units, and defends against persistent drag in the U.S. With that, the first quarter should reflect seasonal strength through the period." The Globe reported on Jan. 26, 2024, that Mr. Payne continued to rate Precision Drilling "sector perform." The shares could then be had for $82.41. The Globe reported on April 18, 2025, that RBC Dominion Securities analyst Keith Mackey was keeping his "outperform" recommendation for Precision intact. It was then worth $58.22.

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