Wall Street Analysts Predict a 31.21% Upside in Precision Drilling (PDS): Here's What You Should Know

Group 1 - Precision Drilling (PDS) closed at $53.58, with a 7.9% gain over the past four weeks, and a mean price target of $70.3 indicating a 31.2% upside potential [1] - The average price targets from analysts range from a low of $51.70 to a high of $87.60, with a standard deviation of $10.04, suggesting variability in estimates [2] - Analysts show strong agreement on PDS's ability to report better earnings, with a positive trend in earnings estimate revisions indicating potential upside [4][11] Group 2 - The Zacks Consensus Estimate for PDS has increased by 20.8% over the past month, with no negative revisions, reflecting growing optimism about the company's earnings prospects [12] - PDS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While consensus price targets may not be reliable for predicting exact gains, they can provide a directional guide for price movement [14]