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Precision Drilling Corp (2)
Symbol PD
Shares Issued 13,182,943
Close 2025-10-24 C$ 83.25
Market Cap C$ 1,097,480,005
Recent Sedar Documents

Globe says MacNeil keeps Precision Drilling at "hold"

2025-10-24 07:12 ET - In the News

The Globe and Mail reports in its Friday, Oct. 24, edition that following in-line third quarter results, TD Cowen analyst Aaron MacNeil bumped his Street-low Precision Drilling share target to $80 from $77 with an unchanged "hold" recommendation. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $102.87. Mr. MacNeil says in a note: "Precision Drilling is increasingly leaning in to its growth-oriented strategy that directs capital to upgrades in order to capitalize on greenshoots in U.S. gas basins at a time of heightened broader macro uncertainty. Commodity price strength/weakness will determine the success of this strategy in our view. We remain cautious given the recent deterioration in the crude oil macro." The Globe reported on April 22 and July 4 that National Bank Financial analyst Dan Payne had reaffirmed his "sector perform" recommendation for Precision Drilling. The shares could then be had for $59.56 and $68.14. The Globe reported on Aug. 1 and Oct. 10 that RBC Dominion Securities analyst Keith Mackey continued to rate Precision Drilling "outperform." The shares could then be had for $74.80 and $74.93.

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