BMO sets CAD 165.00 target for Precision Drilling stock

Published on 10/17/2026 at 19:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due on October 27, 2026. Precision Drilling stock last traded at CAD 120.38 on October 16, 2026, up 1.78 percent versus the prior close.

Analyst target and reporting date

BMO Capital set a CAD 165.00 target for Precision Drilling on October 7, 2026.
Precision Drilling is scheduled to publish third-quarter results on October 27, 2026.
Precision Drilling stock last traded at CAD 120.38 on October 16, 2026 at 4:00 p.m. ET, up 1.78 percent versus the prior close.
Precision Drilling had a CAD 1.5 billion market capitalization on October 16, 2026.

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BMO Capital analyst John Gibson maintained a Buy rating and set a CAD 165.00 target for Precision Drilling on October 7, 2026, according to Markets Insider. The target stood 37.07 percent above the October 16, 2026 TSX price of CAD 120.38. Precision Drilling stock last traded at CAD 120.38 on October 16, 2026 at 4:00 p.m. ET, up 1.78 percent versus its prior TSX close.

Second-quarter revenue reached CAD 452.80 million

Precision Drilling reported CAD 452.80 million in second-quarter revenue, up from CAD 406.62 million a year earlier. The company also posted a GAAP net loss of CAD 1.20 million, compared with a GAAP net profit of CAD 16.27 million in the second quarter of 2025, according to Markets Insider. The revenue comparison points to continued activity, while the loss keeps profitability central to the next results update.

CAD 75.94 to CAD 143.81 yearly range

The October 16 TSX price was 16.29 percent below Precision Drilling's 52-week high of CAD 143.81 and 58.51 percent above its low of CAD 75.94. Trading volume was 34,764 shares, against an average volume of 68,790 shares.

Valuation and October 27 results

Precision Drilling had a CAD 1.5 billion market capitalization on October 16, 2026. Its reported trailing P/E was negative, so a positive earnings multiple is not used here. The company announced on September 29, 2026 that it would release third-quarter results after the market close on October 27, 2026, according to The Globe and Mail.

Comparison with peers

Precision Drilling (TSX, CAD): plus 1.78 percent, market capitalization CAD 1.5 billion

Ensign Energy Services (TSX, CAD): plus 4.03 percent, market capitalization CAD 713.3 million

Nabors Industries (NYSE, USD): plus 2.37 percent, P/E 5.82, market capitalization USD 1.2 billion

The price remains below its yearly high

Precision Drilling's latest TSX price was 16.29 percent below its 52-week high, leaving the October 27 reporting date and the CAD 165.00 analyst target as the clearest reference points for the next market update.