Precision Drilling (PDS) Shares Soar 4.29% Despite Pessimistic Forecast

Precision Drilling (PDS) shares surged 4.29% today, reaching their highest level since February 2025 with an intraday gain of 5.36%.

The strategy of buying Precision Drilling (PDS) shares after they reached a recent high and holding for 1 week resulted in moderate returns over the past 5 years. The annual return was 9.42%, with 67.08% of months experiencing positive returns. However, the maximum drawdown of 23.55% highlights the strategy's vulnerability during market downturns. This approach offers reasonable growth potential but comes with significant volatility risks.

ATB Capital Markets has recently issued a pessimistic forecast for Precision Drilling's earnings, which has impacted investor sentiment. This forecast, along with a reduction in the price target for Precision Drilling Corp. to C$84.00 per share from C$87.00, suggests a downward revision in expected performance. This could influence the stock price negatively. Additionally, ATB Capital Markets has reduced their Q3 2025 EPS estimates for Precision Drilling, indicating expectations of lower earnings for the company. These factors are likely contributing to changes in Precision Drilling's stock price as of July 2025.