TD Cowen raises target for Precision Drilling stock to CAD 150.00

Published on 10/20/2026 at 20:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q4 margins are guided to USD 10,000 per day as reactivation costs decline. Precision Drilling stock costs EUR 81.25 on October 20, 2026 at 8:06 p.m. CEST.

Analyst target and reporting date

On October 20, 2026, TD Cowen raised its Precision Drilling target from CAD 116.00 to CAD 150.00.
U.S. margins were guided toward USD 10,000 per day in the fourth quarter of 2026.
Precision Drilling will release third-quarter results on October 27, 2026.
Precision Drilling stock costs EUR 81.25 at Lang & Schwarz on October 20, 2026 at 8:06 p.m. CEST.

PDS, CA74022D4075, Illustration mit AI erstellt.

Precision Drilling (ISIN CA74022D4075) received a higher TD Cowen target of CAD 150.00 on October 20, 2026, up from CAD 116.00. According to Investing.com, the firm upgraded the stock to Buy from Hold while expecting a weak third quarter. At Lang & Schwarz, the stock was trading at EUR 81.25 on October 20, 2026 at 8:06 p.m. CEST.

Margins are the next test

TD Cowen linked its revised view to a planned recovery in U.S. margins. The firm said management is targeting USD 10,000 per day in the fourth quarter of 2026 as rig reactivation costs decline, a figure that gives investors a specific operating marker for the next report.

The second-quarter figures provide a mixed base for that assessment. Precision Drilling reported revenue of USD 452.80 million for the second quarter of 2026, above the USD 441.34 million forecast cited by Investing.com by USD 11.46 million, or 2.60 percent. The same report said earnings per share were a loss of USD 0.5548 against an expected profit of USD 0.4908.

Price position stays wide

On the NYSE, PDS last traded at USD 91.80 on October 20, 2026 at 2:11 p.m. ET during the regular session. The 52-week range was USD 54.00 to USD 103.80, placing the quote USD 12.00 below its high and USD 37.80 above its low. Market capitalization stood at USD 1.2 billion, while reported volume was 101,046 shares at that time.

What happens on October 27?

Precision Drilling is scheduled to release its third-quarter 2026 results after markets close on October 27, 2026. The results call is scheduled for October 28, 2026 at 1:00 p.m. ET, according to The Globe and Mail. The date matters because the next report will test whether the promised margin recovery can offset the weak third-quarter expectation.

Execution decides the next move

TD Cowen's upgrade therefore rests on a forward operating measure rather than the second-quarter loss alone. The revenue beat was quantified, but the earnings shortfall leaves margin delivery as the clearest near-term test for the company.

The next scheduled result is the third-quarter release on October 27, 2026. Precision Drilling was trading at EUR 81.25 at Lang & Schwarz on October 20, 2026 at 8:06 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Precision Drilling stock.