CIBC Capital Markets on Monday reiterated its outperformer rating on the shares of Precision Drilling (PD.TO) and its C$120.00 price target ahead of the oilfield-services company's fourth-quarter results.

"Precision Drilling reports after market on February 11, 2026. Our 2026 adjusted EBITDA estimate of $136MM is ahead of consensus of $129MM. In Q4/25, activity levels in Canada were ahead of our expectations, partially offset by slightly lower-than-expected activity levels in the U.S., and margin guidance was maintained. Precision reaffirmed its targeted debt reduction of $700MM for the 2022-2027 period, with $535MM already repaid. The company targets returning 35%-45% of free cash flow to shareholders, and we expect the midpoint of this range could move to 50% in 2026," the investment bank wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 120.40, Change: +1.54, Percent Change: +1.30