Precision Drilling Corporation (PDS)
NYSE: PDS · IEX Real-Time Price · USD
72.56
+0.66 (0.91%)
May 20, 2024, 12:27 PM EDT - Market open
Precision Drilling Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Precision Drilling stock have an average target of 113.67, with a low estimate of 101 and a high estimate of 125. The average target predicts an increase of 56.67% from the current stock price of 72.56.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for PDS stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 1 | 1 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Maintains $81 → $101 | Buy | Maintains | $81 → $101 | +39.20% | May 6, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $100 → $81 | Buy | Maintains | $100 → $81 | +11.64% | Feb 20, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $118 → $125 | Buy | Maintains | $118 → $125 | +72.28% | Sep 13, 2023 |
| Raymond James | Raymond James | Strong Buy Maintains $110 → $115 | Strong Buy | Maintains | $110 → $115 | +58.50% | Aug 3, 2023 |
| Piper Sandler | Piper Sandler | Buy Maintains $90 → $107 | Buy | Maintains | $90 → $107 | +47.47% | Jul 31, 2023 |
Financial Forecast
Revenue This Year
2.08B
from 1.94B
Increased by 7.44%
Revenue Next Year
2.19B
from 2.08B
Increased by 5.00%
EPS This Year
10.42
from 19.53
Decreased by -46.64%
EPS Next Year
14.26
from 10.42
Increased by 36.84%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.2B | 2.3B | 2.4B | 2.1B | 2.1B |
| Avg | 2.1B | 2.2B | 2.1B | 2.0B | 2.1B |
| Low | 1.9B | 1.9B | 1.9B | 1.9B | 2.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.8% | 12.8% | 7.9% | -3.0% | 2.2% |
| Avg | 7.4% | 5.0% | -1.7% | -4.8% | 0.3% |
| Low | -3.3% | -6.7% | -13.6% | -9.5% | -4.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.99 | 17.40 | 20.78 | 16.54 | 21.11 |
| Avg | 10.42 | 14.26 | 16.84 | 16.23 | 20.70 |
| Low | 6.13 | 9.10 | 14.07 | 15.44 | 19.70 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -28.4% | 67.0% | 45.7% | -1.8% | 30.1% |
| Avg | -46.6% | 36.8% | 18.1% | -3.6% | 27.6% |
| Low | -68.6% | -12.6% | -1.3% | -8.3% | 21.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.