Precision Drilling (PDS) Stock Price, News & Analysis

Company Overview

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the geothermal, oil and natural gas industry. This segment offers services include land and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture and repair of drilling and service rig equipment. In addition, it operates land drilling rigs in Canada, the United States, and the Middle East, as well as operates AlphaAutomation, AlphaApps, and AlphaAnalytics data services. The company offers EverGreen suite of environmental solutions comprising EverGreenMonitoring, EverGreenEnergy, and EverGreen Fuel Cell. The Completion and Production Services segment provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. This segment operates well completion and workover service rigs in Canada and the United States. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.

Key Stats

• Today's Range: $65.69 to $67.40
• 50-Day Range: $62.46 to $76.85
• 52-Week Range: $49.67 to $79.07
• Volume: 49,728 shs
• Average Volume: 44,513 shs
• Market Capitalization: $945.71 million
• P/E Ratio: 5.86
• Dividend Yield: N/A
• Price Target: $112.00
• Consensus Rating: Moderate Buy

Precision Drilling Stock Analysis - MarketRank™

Precision Drilling scored higher than 76% of companies evaluated by MarketBeat, and ranked 102nd out of 250 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Precision Drilling has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Precision Drilling has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 61.77%

Earnings Growth

Earnings for Precision Drilling are expected to grow by 61.77% in the coming year, from $7.01 to $11.34 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Precision Drilling is 5.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.66.

Price to Earnings Ratio vs. Sector

The P/E ratio of Precision Drilling is 5.85, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 11.98.

Price to Book Value per Share Ratio

Precision Drilling has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.37% of the float of Precision Drilling has been sold short.

Short Interest Ratio / Days to Cover

Precision Drilling has a short interest ratio ("days to cover") of 6.8.

Change versus previous month

Short interest in Precision Drilling has recently increased by 3.44%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Precision Drilling does not currently pay a dividend.

Dividend Growth

Precision Drilling does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.37% of the float of Precision Drilling has been sold short.

Short Interest Ratio / Days to Cover

Precision Drilling has a short interest ratio ("days to cover") of 6.8.

Change versus previous month

Short interest in Precision Drilling has recently increased by 3.44%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: N/A

News Sentiment

Precision Drilling has a news sentiment score of 0.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Oils/Energy companies.

Search Interest

15 people have searched for PDS on MarketBeat in the last 30 days. This is an increase of 88% compared to the previous 30 days.

MarketBeat Follows

1 people have added Precision Drilling to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Precision Drilling insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.95% of the stock of Precision Drilling is held by insiders.

Percentage Held by Institutions

48.86% of the stock of Precision Drilling is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PDS Stock Analysis - Frequently Asked Questions

How have PDS shares performed this year?

Precision Drilling's stock was trading at $54.29 at the beginning of 2024. Since then, PDS stock has increased by 22.9% and is now trading at $66.74.
View the best growth stocks for 2024 here.

How were Precision Drilling's earnings last quarter?

Precision Drilling Co. (NYSE:PDS) issued its quarterly earnings results on Tuesday, July, 30th. The oil and gas company reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.62) by $2.06. The firm's revenue for the quarter was up .8% compared to the same quarter last year.

When did Precision Drilling's stock split?

Shares of Precision Drilling reverse split on Thursday, November 12th 2020. The 1-20 reverse split was announced on Thursday, October 29th 2020. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, November 11th 2020. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

Does Precision Drilling have any subsidiaries?

The following companies are subsidiaries of Precision Drilling: Grey Wolf Drilling Limited, Grey Wolf Drilling (Barbados) Ltd., Precision Completion & Production Services Ltd., Precision Directional Services, Precision Directional Services Ltd., Precision Diversified Oilfield Services Corp, Precision Diversified Oilfield Services Corp, and more.

Who are Precision Drilling's major shareholders?

Precision Drilling's top institutional investors include Ninepoint Partners LP (9.13%), National Bank of Canada FI (5.01%), Encompass Capital Advisors LLC (4.53%) and Bank of Montreal Can (3.50%).

How do I buy shares of Precision Drilling?

Shares of PDS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Precision Drilling own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Precision Drilling investors own include Precision Drilling (PD), Reata Pharmaceuticals (RETA), Endologix (ELGX), Chipotle Mexican Grill (CMG), Approach Resources (AREX), American Airlines Group (AAL) and

Company Calendar

• Last Earnings: 7/30/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 10/24/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Drilling oil & gas wells
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:PDS
• CUSIP: N/A
• CIK: 1013605
• Web: www.precisiondrilling.com
• Phone: (403) 716-4500
• Fax: 403-264-0251
• Employees: 5,560
• Year Founded: 1951

Price Target and Rating

• Average Stock Price Target: $112.00
• High Stock Price Target: $112.00
• Low Stock Price Target: $112.00
• Potential Upside/Downside: +67.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $11.38
• Trailing P/E Ratio: 5.86
• Forward P/E Ratio: 9.52
• P/E Growth: N/A
• Net Income: $214.27 million
• Net Margins: 11.68%
• Pretax Margin: 9.79%
• Return on Equity: 9.26%
• Return on Assets: 4.91%

Debt

• Debt-to-Equity Ratio: 0.52
• Current Ratio: 1.51
• Quick Ratio: 1.39

Sales & Book Value

• Annual Sales: $1.44 billion
• Price / Sales: 0.66
• Cash Flow: $27.13 per share
• Price / Cash Flow: 2.46
• Book Value: $81.42 per share
• Price / Book: 0.82

Miscellaneous

• Outstanding Shares: 14,170,000
• Free Float: 14,166,000
• Market Cap: $945.71 million
• Optionable: Optionable
• Beta: 1.97