Precision Drilling Share Price Today

Piper Sandler raises Precision Drilling price target to $115, keeps Overweight

Piper Sandler raises Precision Drilling's price target from $105 to $115. Analyst Derek Podhaizer maintains an Overweight rating on the stock. The new target implies a $10 increase in expected share value.

Precision Drilling Q3FY26 Results: EPS misses estimate, Permian rigs double

EPS of $1.18 missed consensus by 4.84%, though net earnings swung to $21 million profit. Revenue grew 15% YoY, driven by increased activity in Canada and the U.S. U.S. rig count doubled in the Permian Basin to 16 rigs, up from 8 a year ago. Q4 U.S. daily operating margins guided higher to US$9,500-US$10,500 as reactivation costs normalize. Liquidity stands at over $460 million, with a target net debt/EBITDA ratio below 1x.

Precision Drilling to release Q3FY26 results on October 27, 2026

Precision Drilling releases Q3FY26 results on October 27, 2026. Conference call scheduled for October 28, 2026, at 11:00 am MT. Webcast replay available until next quarterly call. Company listed on TSX (PD) and NYSE (PDS).

Precision Drilling renews NCIB to buy back 1.23 million shares

TSX approves NCIB for Precision Drilling to buy up to 1.23 million shares. New bid represents approx 10% of public float as of Sept 8, 2026. Purchases commence Sept 21, 2026, ending by Sept 20, 2027. Prior NCIB saw 668,674 shares bought at avg CAD$102.54 each. Daily limit set at 22,165 shares, with weekly block trade exception.

Precision Drilling Q2 Results: Revenue rises 11%, net loss widens

Precision Drilling posted an 11% revenue rise to $453 million in Q2 2026, buoyed by strong Canadian drilling activity and improved U.S. rig utilization. However, a net loss of $1 million replaced prior-year earnings of $16 million, driven by an $11 million increase in depreciation expense. Adjusted EBITDA fell 10% to $97 million due to higher U.S. reactivation costs and lower international margins. Strong operating cash flow of $146 million enabled $50 million in debt reduction and $12 million in share repurchases.

Alice Wong steps down from Precision Drilling Corporation board

Alice Wong has stepped down from the Board of Directors of Precision Drilling Corporation, effective immediately. She served as a director since 2024 and was a member of the Audit Committee, the Human Resources and Compensation Committee, and the Health, Safety, Environment Council. The company thanked her for her contributions but did not disclose a reason for her departure or name a replacement.