• Precision Drilling has been rated as "Outperform" by BMO Capital with a price target raised from C$120 to C$150.
• The company reported quarterly earnings of $1.37 per share, surpassing the Zacks Consensus Estimate and showing significant improvement from the previous year.
• Despite facing challenges in the previous quarter, Precision Drilling has exceeded consensus EPS estimates twice over the past four quarters, demonstrating resilience in a volatile market.

Precision Drilling (NYSE:PDS) is a key player in the oil and gas drilling industry, providing contract drilling, well servicing, and strategic support services to energy companies. Competing with industry giants like Nabors Industries and Helmerich & Payne, Precision Drilling stands out in the market. On February 12, 2026, BMO Capital updated its rating for PDS to "Outperform," with the stock priced at $82.14 and raised its price target from C$120 to C$150.

Precision Drilling's recent financial performance has been noteworthy. The company reported quarterly earnings of $1.37 per share, surpassing the Zacks Consensus Estimate of $1.11 per share. This represents a significant improvement from the $0.76 per share reported in the same quarter last year. The earnings surprise for this quarter is +23.42%, indicating strong performance.

However, the previous quarter presented challenges. Precision Drilling had expected earnings of $1.20 per share but reported a loss of $0.37, resulting in a surprise of -130.83%. Despite this setback, the company has exceeded consensus EPS estimates twice over the past four quarters, showcasing its resilience in a volatile market.

In terms of revenue, Precision Drilling reported $343.25 million for the quarter ending December 2025. This figure fell short of the Zacks Consensus Estimate by 1.02% but marked a slight increase from the $334.62 million reported a year ago. The company has surpassed consensus revenue estimates twice in the last four quarters, highlighting its ability to maintain steady growth.

Currently, PDS is priced at $81.72, reflecting a decrease of 9.14% with a change of $8.22. The stock has fluctuated between a low of $81.61 and a high of $91.99 today. Over the past year, it reached a high of $91.99 and a low of $36.20. With a market capitalization of approximately $1.08 billion and a trading volume of 126,963 shares, Precision Drilling remains a significant player in the oil and gas drilling industry.