The Globe and Mail reports in its Thursday, July 3, edition that ATB Capital Markets analyst Waqar Syed has reaffirmed his "outperform" recommendation for Precision Drilling. The Globe's David Leeder writes in the Eye On Equities column that Mr. Syed, however, has given his share target a $3 trim to $84. Analysts on average target the shares at $101.81. Mr. Syed says in a note: "Precision Drilling's Canadian rig activity has been running below prior forecast, owing to the impact of wildfires and the rig activity recovery has been at a slower pace than expected. Canadian well service activity has also been below prior forecast. Moreover, while Precision Drilling's active U.S. rig count has increased to 35 rigs versus 30 rigs on March 31, 2025, we suspect that the increase has come at the cost of margins, and we project daily cash drilling margins of around $7,500 (U.S.)/rig-day for the remainder of 2025. What to look for in the quarter? We are especially interested in Precision Drilling's U.S. drilling margins in Q2/25 and its forward guidance to dissect the reasons for its market share gains." The Globe reported on April 18 that RBC rated Precision Drilling "outperform." It was then worth $58.22.