The Globe and Mail reports in its Friday, April 19, edition that heading into earnings season, Stifel analyst Cole Pereira reiterated his bullish view on the Canadian oil field services industry, seeing valuation upside. The Globe's David Leeder writes in the Eye On Equities column that the Stifel stockpicker has reaffirmed his "buy" recommendation for Precision Drilling. He boosted his share target by $10 to $125. Analysts on average target the shares at $124.99. Mr. Pereira says in a note: "Our Precision Drilling EBITDAS forecasts decline 5 per cent in 2024 to $58-million and 4 per cent in 2025 to $651-million as we right-size our U.S. market share assumptions. However, we have also increased our target multiple to 4.2 times 2025E EV/EBITDAS (prior: four times) to better reflect the improved earnings stability of the sector. The net impact of these changes sees our target price increase." The Globe reported on June 16 that Mr. Pereira continued to rate Precision Drilling "buy." The shares could then be had for $62.78. The Globe reported on Jan. 26 that National Bank Financial analyst Dan Payne continued to rate Precision Drilling "sector perform." The shares could then be had for $82.41.