Piper Sandler analyst Derek Podhaizer raised the firm’s price target on Precision Drilling (PDS) to $79 from $74 and keeps an Overweight rating on the shares. The firm notes the momentum set by Precision Drilling continued with earnings, delivering solid results backed by both U.S. and Canada daily margins, plus further debt reduction with management meeting its $100M 2025 target. Looking ahead, implied Q4 2025 guide landed above the Street as management expects Canada to meet if not exceed last year’s winter drilling season and for the average U.S. rig count to reach upper 30s with a current rig count at 40, Piper adds.
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