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PDS

Precision Drilling Corporation Common Stock (PDS) fair value

Energy · Oil & Gas Drilling · NYSE · United States
$94.29+4.27%
Market cap $1.2BNext earnings 2026-10-27Updated Oct 21, 2026
Add earnings to calendarGoogle
Our verdict
Close to our fair value
Price
$94.29
Model fair valueConfidence: good
$94.14
Model range
$75.09 to $113
Fair value $94.14
Price $94.29
2 models fit Precision Drilling Corporation Common Stock and they disagree: 0 of 2 land within 15% of the average.
Two or more of our models back this value.
Near fair value(i)Bronze54
Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, Discounted cash flow, and Graham number.
ACCE opinionPrecision Drilling Corporation Common Stock (PDS)
Fair value (2 models)
$94.14
ACCE price target
$81.00
Rating
Fairly valued
Horizon
12 months
Fair value published on 21 Oct 2026, 11:06 CEST; previously $92.60 since 16 Oct 2026, 00:00 CEST.
ACCE price target published on 13 Oct 2026, 00:00 CEST.
Rating published on 21 Oct 2026, 11:06 CEST.
Price used: $94.29 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
0.2% above
-0.2% to fair value
ACCE score
52
out of 100
Analysts
80% buy
10 covering
1-year return
+60.6%
Dividend yield
0.00%

Precision Drilling Corporation Common Stock in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Precision Drilling operates a fleet of land drilling rigs in Canada and the United States, supplying contract drilling services to upstream oil and gas producers, with a growing share of its fleet in automated, higher-specification rigs. The business runs on day rates and utilization rather than commodity prices directly, so its earnings track the number of active rigs more than the spot price of crude. Revenue growth of 11.4% is the clearest sign that demand for its equipment is firming, though thin operating margin of 3.2% and negative ROE of -1.9% show that the gains have not yet reached the bottom line. The stock trades at a forward P/E of 10.4, a modest multiple if drilling activity holds up, but the case depends on margins recovering as rig utilization and pricing improve. The score of 50/100 and absence from major indices make this a cyclical, under-followed name that merits a deeper look at rig count trends and contract pricing before any conclusion.

AI-assisted·How I use AIWritten Oct 18, 2026
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
  • high
    Earnings falling sharply
    Earnings are down 39.1% year over year while revenue grew 11.4%, and the company is still loss-making on a net margin of -1.7% with ROE at -1.9%.
  • moderate
    Score down sharply in 90 days
    The ACCE score fell 10 points from 63 to 53 over the last 90 days, with the growth and quality components both at 40.
  • moderate
    Quarter-on-quarter revenue drop
    Revenue fell 13.9% quarter on quarter, which sits uneasily against the 11.4% year-on-year growth and suggests momentum is weakening.

AI research notes

AI-assisted·How I use AIWritten Oct 18, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Revenue grew 11.4% over the past year, and the five-year average annual growth rate is 20.2%.
  • Free cash flow over the last twelve months was CAD 149M, a 9.7% yield at the current share price.
  • The diluted share count fell 6.3% last year, so each remaining share now carries a larger slice of the business.
Why it could disappoint
  • Net margin is -1.7% and return on equity is -1.9%, so the company is still losing money on its sales and its equity.
  • The latest earnings per share came in at -0.38 against 0.43 expected, a surprise of -188.4%.
  • The stock trades at a forward P/E of 10.0x against a sector median of 16.4x, a discount that may reflect the weak earnings record.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Oct 27, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where PDS's valuation models land
Price
$94.29
Model fair value
$94.14
Model range
$75.09 to $113
Fair value $94.14
Price $94.29
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
P/E comparison
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish80% buy · 10 covering analysts
● Strong buy 4● Buy 4● Hold 2● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
Do politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+10.1%
1 month
+14.1%
3 months
+11.4%
6 months
-0.9%
YTD
+31.2%
1 year
+60.6%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
21 Oct 2026, 11:06 CESTFair value$94.14$92.60$91.32
21 Oct 2026, 11:06 CESTRatingFairly valuedfirst publication$91.32
16 Oct 2026, 00:00 CESTFair value$92.60$104$85.03
13 Oct 2026, 00:00 CESTACCE price target$81.00first publication$84.14
4 Oct 2026, 00:00 CESTFair value$104$102$121
30 Sept 2026, 00:00 CESTFair value$102$105$114
27 Sept 2026, 00:00 CESTFair value$105$106$116
24 Sept 2026, 00:00 CESTFair value$106$108$117
19 Sept 2026, 00:00 CESTFair value$108$109$122
14 Sept 2026, 00:00 CESTFair value$109$111$124

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth40Value59Quality40Momentum70Total52
Valuation
Trailing P/E
no data
Forward P/E
10.9x
PEG
no data
P/B
0.92x
EV / Revenue
1.1x
Book value/sh
C$88.69
Enterprise value
$1.5B
Profitability
ROE
-1.9%
FCF yield
8.95%
ROIC
0.1%
Health and risk
Debt / equity
0.47
Dividend yield
0.00%
Beta
1.45

Price

+58.4% · 1Y

Ask anything about PDS

Answered from Precision Drilling Corporation Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
ROEbetter than 67% of peers
low -103%-2%high 22%
Div yieldbetter than 67% of peers
low 0.0%0.0%high 3.2%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
PDS Precision Drilling Corporation Common Stock$94.29$94At fair value--1.9%4052
NBR Nabors Industries Ltd.$81.03$854% below6.2x22.3%5142
BORR Borr Drilling Limited Common Shares$4.40$327% above--24.7%2942
SOC Sable Offshore Corp. Common Stock$3.26----103.2%1720
SDRL Seadrill Limited Common Shares$52.35$24119% above1745.0x0.0%5568
HP Helmerich & Payne Inc. Common Stock$38.95$3128% above--4.6%3544
PTEN Patterson-UTI Energy Inc. Common Stock$11.97$1016% above--2.8%3147

Sector report card

Where PDS ranks against its sector peers on each metric.

Computing percentiles…
  • GlobeNewswire•Sep 29, 2026
    Precision Drilling Corporation 2026 Third Quarter Results Conference Call and Webcast
  • GlobeNewswire•Sep 16, 2026
    Precision Drilling Announces Renewal of Normal Course Issuer Bid
  • GlobeNewswire•Jul 29, 2026
    Precision Drilling Announces 2026 Second Quarter Unaudited Financial Statements
5 more press releases · full archive on Investor+.INVESTOR
21 filings of 36
September 2026
Sep 29
6-KForeign current reportPeriod 2026-09-29
View on SEC →
Sep 17
6-KForeign current reportPeriod 2026-09-16
View on SEC →
July 2026
Jul 29
6-KForeign current reportPeriod 2026-07-28
View on SEC →
18 more filings + AI summaries on Investor+.INVESTOR