Analysts at CIBC Capital Markets and RBC Capital Markets raised their price targets on Precision Drilling Corp. (PD.TO, PDS) to $140 from $120, and to $124 from $119, respectively.

CIBC analyst Jamie Kubik maintained an Outperformer rating on shares of the Calgary-based drilling rig contractor following its quarterly results on Thursday.

The stock declined $9.41, or 7.7%, to $113.10 on the Toronto Stock Exchange.

"Precision reported in-line Q4/25 results with adjusted EBITDA that met expectations on previously reported activity levels," Kubik said in a note to clients.

"Better-than-expected margins in the US were offset by lower-than-expected margins in Canada," the analyst said.

"Current rig activity for Precision has demonstrated resilience in key markets also, which should support margins for 2026," Kubik said.

RBC analyst Keith Mackey maintained an Outperform rating on the stock.

"PD's 4Q25 results were slightly below our expectations on softer margin performance in Canada," Mackey said in a note to clients.

"Given the outlook for PD's core markets is relatively flat, the company is focused on achieving growth primarily through hard-fought customer wins and technology adoption" the analyst said.

"PD also plans to allocate a higher portion of FCF toward buybacks in 2026, which should support per share improvement in years ahead and drives a modest increase in our price target."

(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)