Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry. This segment's services include land drilling, directional drilling, and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture and refurbishment of drilling and service rig equipment. As of December 31, 2016, this segment operated 255 land drilling rigs, including 135 in Canada; 103 in the United States; 5 in Mexico; 4 in Saudi Arabia; 5 in Kuwait; 2 in the Kurdistan region of Iraq; and 1 in the country of Georgia. The Completion and Production Services segment offers completion and workover services, and ancillary services to oil and natural gas exploration and production companies. It provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; snubbing units for pressure control services; camp and catering services; and water system services. This segment also engages in the rental of oilfield surface equipment, and wellsite accommodations. This segment operated 196 well completion and workover service rigs, and 11 snubbing units in Canada and the United States; approximately 2,200 oilfield rental items, including surface storage, small-flow wastewater treatment, and power generation and solids control equipment; and 132 wellsite accommodation units in Canada. It also had 43 drilling camps and 4 base camps in Canada; and 10 large-flow wastewater treatment units, 24 pump houses, and 8 potable water production units in Canada. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.
Industry, Sector and Symbol
Industry Drilling oil & gas wells
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:PDS
CUSIPN/A
Phone403-716-4500
Debt
Debt-to-Equity Ratio0.99
Current Ratio2.21
Quick Ratio2.09
Price-To-Earnings
Trailing P/E Ratio-11.68
Forward P/E Ratio-14.22
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.04 billion
Price / Sales0.92
Cash Flow$0.7605 per share
Price / Cash4.30
Book Value$4.76 per share
Price / Book0.69
Profitability
EPS (Most Recent Fiscal Year)($0.28)
Net Income$-101,850,000.00
Net Margins-9.47%
Return on Equity-5.51%
Return on Assets-2.56%
Miscellaneous
Employees4,851
Outstanding Shares293,240,000
Precision Drilling (NYSE:PDS) Frequently Asked Questions
What is Precision Drilling's stock symbol?
Precision Drilling trades on the New York Stock Exchange (NYSE) under the ticker symbol "PDS."
How were Precision Drilling's earnings last quarter?
Precision Drilling Corp (NYSE:PDS) announced its quarterly earnings results on Thursday, April, 26th. The oil and gas company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by $0.01. The oil and gas company had revenue of $401 million for the quarter, compared to the consensus estimate of $389.10 million. Precision Drilling had a negative return on equity of 5.51% and a negative net margin of 9.47%. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.08) earnings per share. View Precision Drilling's Earnings History.
When is Precision Drilling's next earnings date?
What price target have analysts set for PDS?
12 analysts have issued 1-year price objectives for Precision Drilling's stock. Their forecasts range from $3.40 to $6.00. On average, they anticipate Precision Drilling's stock price to reach $4.45 in the next year. View Analyst Ratings for Precision Drilling.
Who are some of Precision Drilling's key competitors?
Some companies that are related to Precision Drilling include Ensco (ESV), Diamond Offshore Drilling (DO), Ocean Rig UDW (ORIG), Nabors Industries (NBR), Rowan Companies (RDC), Noble (NE), Baytex Energy (BTE), Oasis Midstream Partners (OMP), Pioneer Energy Services (PES), Key Energy Services (KEG), Seadrill Partners (SDLP), Seadrill (SDRL), Independence Contract Drilling (ICD), Western Energy Services (WEEEF) and Petroteq Energy (PQEFF).
Who are Precision Drilling's key executives?
Precision Drilling's management team includes the folowing people:
- Mr. Kevin A. Neveu B.Sc, P.Eng, Pres, CEO & Director (Age 57)
- Mr. Carey Thomas Ford, Sr. VP & CFO
- Mr. Douglas B. Evasiuk, Sr. VP of Sales & Marketing - North America
- Mr. Grant Hunter, Sr. VP of US Operations
- Mr. Gene C. Stahl, Pres of Drilling Operations (Age 44)
Has Precision Drilling been receiving favorable news coverage?
Media headlines about PDS stock have trended somewhat positive recently, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Precision Drilling earned a news sentiment score of 0.19 on Accern's scale. They also gave news stories about the oil and gas company an impact score of 45.83 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are Precision Drilling's major shareholders?
Precision Drilling's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Letko Brosseau & Associates Inc. (4.73%), Systematic Financial Management LP (3.83%), Fiera Capital Corp (2.16%), Royal Bank of Canada (2.02%), Ninepoint Partners LP (1.08%) and Mountain Lake Investment Management LLC (0.90%). View Institutional Ownership Trends for Precision Drilling.
Which major investors are selling Precision Drilling stock?
PDS stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Letko Brosseau & Associates Inc., Highbridge Capital Management LLC, Legal & General Group Plc, Systematic Financial Management LP and Fiera Capital Corp. View Insider Buying and Selling for Precision Drilling.
Which major investors are buying Precision Drilling stock?
PDS stock was purchased by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Royal Bank of Canada, Ninepoint Partners LP, Millennium Management LLC, Russell Investments Group Ltd., Toronto Dominion Bank, CIBC Asset Management Inc and A.R.T. Advisors LLC. View Insider Buying and Selling for Precision Drilling.
How do I buy shares of Precision Drilling?
Shares of PDS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Precision Drilling's stock price today?
One share of PDS stock can currently be purchased for approximately $3.27.
How big of a company is Precision Drilling?
Precision Drilling has a market capitalization of $894.38 million and generates $1.04 billion in revenue each year. The oil and gas company earns $-101,850,000.00 in net income (profit) each year or ($0.28) on an earnings per share basis. Precision Drilling employs 4,851 workers across the globe.
How can I contact Precision Drilling?
Precision Drilling's mailing address is 525 - 8 Avenue S.W. Suite 800, Calgary A0, T2P 1G1. The oil and gas company can be reached via phone at 403-716-4500 or via email at [email protected]
MarketBeat Community Rating for Precision Drilling (PDS)
MarketBeat's community ratings are surveys of what our community members think about Precision Drilling and other stocks. Vote "Outperform" if you believe PDS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PDS will underperform the S&P 500 over the long term. You may vote once every thirty days.
