Precision Drilling stock gains 3.62 percent on the TSX

Published on 10/04/2026 at 09:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Precision Drilling stock gained 3.62 percent to CAD 118.74 on October 2, 2026, while Q2 revenue reached CAD 452.8 million. ATB Cormark kept a CAD 160 target.

PDS, CA74022D4075, Illustration mit AI erstellt.

Precision Drilling stock (CA74022D4075) gained 3.62 percent to CAD 118.74 on the TSX on October 2, 2026. The move came as the Calgary-based drilling contractor approached its scheduled third-quarter results date, while its second-quarter numbers showed higher revenue but a swing to a GAAP loss.

Q3 results arrive October 27

StockTitan reported on September 29, 2026, that Precision Drilling plans to release its third-quarter results after market close on October 27, 2026. The company scheduled its conference call for October 28, 2026, at 1:00 p.m. ET, giving investors a defined checkpoint for drilling activity, margins and cash flow.

The event is important because the latest quarter combined revenue growth with weaker earnings. The October report will show whether upgrade spending and international activity are beginning to improve operating leverage.

Revenue rises, profit turns negative

For the quarter ended June 30, 2026, Precision Drilling generated CAD 452.8 million in revenue, up from CAD 406.62 million in the comparable period. Markets Insider reported on September 21, 2026, that the company posted a GAAP net loss of CAD 1.2 million, compared with net profit of CAD 16.27 million a year earlier.

That contrast is the central operating issue for the next update. Revenue increased by CAD 46.18 million, but the earnings result moved from a profit to a loss, leaving margin recovery as the clearest test for the October release.

Analyst target stays above the stock

Markets Insider reported that ATB Cormark analyst Tim Monachello maintained a Buy rating and a CAD 160.00 price target on September 18, 2026. Against the CAD 118.74 TSX price on October 2, that target stands 34.8 percent above the stock, although the company still has to demonstrate that higher revenue can translate into stronger earnings.

TSX price sets the market checkpoint

Precision Drilling stock was last at CAD 118.74 on the TSX on October 2, 2026, with a daily gain of 3.62 percent. The next dated checkpoint is the October 27 results release, followed by management's October 28 discussion of the quarter.