Precision Drilling Corp (PDS) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Precision Drilling Corp (PDS) stock forecast summary
On Oct. 16, 2026, PDS is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5172 stocks scored that day.
Precision Drilling Corp is a small-cap company with a market capitalization of $1.11B. It ranks number 10 by market capitalization among the 11 Drilling Oil & Gas Wells issuers in our coverage with a current forecast.
For PDS, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -21.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -11.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How PDS ranks among 5172 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Precision Drilling Corp (PDS) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Drilling Oil & Gas Wells peers listed below that report each metric. Statement values were filed in CAD and are shown converted to USD (flows at the trailing twelve-month average rate, balances at the balance-sheet date rate).
Valuation & Market
| Metric | PDS | Rank |
|---|---|---|
| Market Cap | $1.11B | 10/11 |
| P/E Ratio | 4.79x | 6/6 |
| EPS | $17.88 | – |
| Revenue/Share | $404.59 | – |
| FCF/Share | $41.19 | – |
Profitability & Margins
| Metric | PDS | Rank |
|---|---|---|
| ROIC | 39.7% | 1/9 |
| Gross Margin | 34.0% | – |
| Operating Margin | 13.2% | 4/9 |
| EBT Margin | 6.3% | 3/10 |
| Tax Rate | 20.1% | – |
Financial Health
| Metric | PDS | Rank |
|---|---|---|
| Current Ratio | 1.62x | 8/11 |
| Quick Ratio | 1.46x | 4/5 |
| D/E Ratio | 0.94x | 5/11 |
| Financial Leverage | 1.72x | 7/11 |
| Working Capital | $136M | 9/11 |
Cash Flow
| Metric | PDS | Rank |
|---|---|---|
| Operating Cash Flow | $1.17B | 2/10 |
| Free Cash Flow | $533M | 2/6 |
| Capital Spending | -$637M | 5/6 |
| OCF Growth YoY | 72.4% | 4/10 |
| FCF Growth YoY | 0.0% | 3/5 |
| FCF/Sales | 10.2% | 2/6 |
| CapEx/Sales | 12.2% | 3/6 |
Operational Efficiency
| Metric | PDS | Rank |
|---|---|---|
| Asset Turnover | 2.68x | 2/9 |
| Receivables Turnover | 20.7x | 2/9 |
| Inventory Turnover | 98.3x | – |
| Fixed Assets Turnover | 3.4x | 2/7 |
| Days Sales Outstanding | 18 days | 8/9 |
| Days Inventory | 4 days | – |
| Payables Period | 21 days | – |
| Cash Conversion Cycle | 0 days | – |
Income Statement
| Metric | PDS | Rank |
|---|---|---|
| Total Revenue | $5.23B | 2/9 |
| Operating Income | $690M | 1/9 |
| SG&A Expense | $394M | 1/5 |
| Cost of Goods Sold | $3.45B | – |
Dividend & Shareholder Information
| Metric | PDS | Rank |
|---|---|---|
| Shares Outstanding | 13M | – |
Balance Sheet Highlights (USD millions, converted from CAD)
| Total Current Assets | $355M | 17.9% of assets |
| Cash & Short-term Investments | $62M | 3.1% of assets |
| Accounts Receivable | $257M | 12.9% of assets |
| Inventory | $36M | 1.8% of assets |
| Total Liabilities | $1.09B | 54.7% of assets |
| Short-term Debt | $14M | 0.7% of assets |
PDS quarterly financials and insider trading
Precision Drilling Corp (PDS) industry peers
Companies classified under the same SEC industry code as Precision Drilling Corp (Drilling Oil & Gas Wells): 11 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| PDS Precision Drilling Corp | ▶ | $1.11B |
| RIG Transocean Ltd. | ▲ | $6.28B |
| VAL Valaris Ltd | ▼ | $5.92B |
| PTEN Patterson Uti Energy Inc | ▶ | $4.39B |
| BTE Baytex Energy Corp. | ▼ | $4.07B |
| HP Helmerich & Payne, Inc. | ▶ | $3.74B |
| SDRL Seadrill Ltd | ▶ | $2.96B |
| BORR Borr Drilling Ltd | ▲ | $1.40B |
| HPK Highpeak Energy, Inc. | ▲ | $1.33B |
| NBR Nabors Industries Ltd | ▶ | $1.25B |
| GLND Greenland Energy Co | ▼ | $136M |
Where PDS sits on the market map
Precision Drilling Corp (PDS) stock news
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Precision Drilling Corp (PDS) stock forecast FAQ
What is the Precision Drilling Corp (PDS) stock forecast?
On Oct. 16, 2026, PDS is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5172 stocks scored that day.
How accurate are Precision Drilling Corp stock predictions?
For PDS, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -21.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -11.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Precision Drilling Corp forecasts updated?
Precision Drilling Corp forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Precision Drilling Corp's industry peers?
11 issuers in our coverage, PDS included, share the SEC industry code Drilling Oil & Gas Wells. The largest are: Transocean Ltd. (RIG), Valaris Ltd (VAL), Patterson Uti Energy Inc (PTEN), Baytex Energy Corp. (BTE), Helmerich & Payne, Inc. (HP), Seadrill Ltd (SDRL).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.