---
title: "Precision Drilling: Operational Momentum and Capital Returns Support Buy Rating; Price Target Reiterated at $165"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294227552.md"
description: "BMO Capital analyst John Gibson reiterated a Buy rating on Precision Drilling (PDS) with a $165 price target, citing operational momentum, rising rig activity, and expected margin expansion. The firm highlights the company's balance sheet improvement through debt reduction and share repurchases. Piper Sandler also maintained a Buy rating with a $105 target."
datetime: "2026-07-29T14:55:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294227552.md)
  - [en](https://longbridge.com/en/news/294227552.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294227552.md)
---

# Precision Drilling: Operational Momentum and Capital Returns Support Buy Rating; Price Target Reiterated at $165

BMO Capital analyst John Gibson CFA has reiterated their bullish stance on PDS stock, giving a Buy rating today.

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John Gibson CFA has given his Buy rating due to a combination of factors that highlight Precision Drilling’s strengthening fundamentals and attractive valuation. The company is showing operational momentum across Canada, the U.S., and international markets, with rising rig activity, firmer day rates, and margin expansion expected in the second half of 2026. These trends support meaningful EBITDA growth through 2027.

At the same time, Precision Drilling is executing well on balance sheet improvement and capital returns, aggressively paying down debt while increasing share repurchases funded by free cash flow. Gibson views the company’s high-quality rig fleet as a key advantage, positioning it to capture upside from improving commodity prices and higher North American rig counts. Reflecting this constructive outlook, he reiterates an unchanged price target of $165 and maintains his Outperform (Buy) recommendation on the shares.

In another report released today, Piper Sandler also maintained a Buy rating on the stock with a $105.00 price target.

### Related Stocks

- [PDS.US](https://longbridge.com/en/quote/PDS.US.md)

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