The average one-year price target for Precision Drilling (TSX:PD) has been revised to $106.22 / share. This is a decrease of 15.20% from the prior estimate of $125.26 dated March 30, 2025.

The price target is an average of many targets provided by analysts. The latest targets range from a low of $69.69 to a high of $159.88 / share. The average price target represents an increase of 82.45% from the latest reported closing price of $58.22 / share.

Precision Drilling Maintains 0.60% Dividend Yield

At the most recent price, the company’s dividend yield is 0.60%.

Additionally, the company’s dividend payout ratio is 0.04. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company has not increased its dividend in the last three years.

What is the Fund Sentiment?

There are 180 funds or institutions reporting positions in Precision Drilling. This is an increase of 9 owner(s) or 5.26% in the last quarter. Average portfolio weight of all funds dedicated to PD is 0.15%, an increase of 9.75%. Total shares owned by institutions decreased in the last three months by 0.73% to 7,531K shares.

What are Other Shareholders Doing?

National Bank Of Canada holds 730K shares representing 5.40% ownership of the company. In its prior filing, the firm reported owning 726K shares , representing an increase of 0.46%. The firm decreased its portfolio allocation in PD by 68.62% over the last quarter.

Royal Bank Of Canada holds 655K shares representing 4.84% ownership of the company. In its prior filing, the firm reported owning 723K shares , representing a decrease of 10.31%. The firm decreased its portfolio allocation in PD by 87.99% over the last quarter.

Bank Of Montreal holds 603K shares representing 4.46% ownership of the company. In its prior filing, the firm reported owning 531K shares , representing an increase of 11.92%. The firm decreased its portfolio allocation in PD by 72.88% over the last quarter.

Ninepoint Partners holds 600K shares representing 4.44% ownership of the company. In its prior filing, the firm reported owning 1,150K shares , representing a decrease of 91.67%. The firm decreased its portfolio allocation in PD by 30.77% over the last quarter.

Encompass Capital Advisors holds 558K shares representing 4.13% ownership of the company. In its prior filing, the firm reported owning 563K shares , representing a decrease of 0.78%. The firm decreased its portfolio allocation in PD by 24.03% over the last quarter.