Update shared on 25 Nov 2025
Fair value Decreased 0.14%Analysts have slightly lowered their price target for Precision Drilling from $103.57 to $103.43. They cited improved revenue growth forecasts but adjusted for a decrease in projected profit margins and a revised discount rate.
What's in the News
- Precision Drilling appointed Mr. Carey Ford as Chief Executive Officer, succeeding Kevin Neveu, who retired after leading the company since 2007 (Key Developments).
- Dustin Honing was promoted to Chief Financial Officer after nearly 15 years with the company. He previously served as Vice President, Operations Finance (Key Developments).
- The Board announced a share repurchase program that authorizes the buyback of up to 1,251,850 common shares, or 9.5% of outstanding shares. The program is to be completed by September 2026 (Key Developments).
- From July to September 2025, 121,364 shares (0.91%) were repurchased for CAD 9 million as part of the ongoing buyback initiative (Key Developments).
- Following a tender process, PwC was appointed as auditor and will replace KPMG after the completion of the 2025 financial statement audit. There were no modifications in KPMG’s reports over the last two fiscal years (Key Developments).
Valuation Changes
- Consensus Analyst Price Target: Decreased marginally from CA$103.57 to CA$103.43.
- Discount Rate: Lowered from 7.81% to 7.21%, reflecting a more optimistic risk profile.
- Revenue Growth: Increased from 2.03% to 2.44% according to updated forecasts.
- Net Profit Margin: Reduced from 7.14% to 6.35% in recent projections.
- Future P/E: Increased from 10.27x to 11.20x, indicating a change in market valuation expectations.
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