Precision Drilling (PDS) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last twelve months. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" PDS shares.
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5 equities research analysts have issued 12-month target prices for Precision Drilling's stock. Their PDS share price forecasts range from $20.00 to $150.00. On average, they expect the company's share price to reach $66.00 in the next twelve months. This suggests that the stock has a possible downside of 1.6%.
View analysts price targets for PDS or view top-rated stocks among Wall Street analysts.

Precision Drilling's stock was trading at $76.70 at the beginning of the year. Since then, PDS shares have decreased by 12.6% and is now trading at $67.06.
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Precision Drilling saw a decline in short interest in the month of August. As of August 15th, there was short interest totaling 80,700 shares, a decline of 31.1% from the July 31st total of 117,100 shares. Based on an average trading volume of 55,600 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.6% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our PDS earnings forecast.

Precision Drilling Co. (NYSE:PDS) issued its quarterly earnings data on Thursday, July, 27th. The oil and gas company reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.22. The oil and gas company earned $316.89 million during the quarter, compared to analysts' expectations of $303.03 million. Precision Drilling had a trailing twelve-month return on equity of 12.05% and a net margin of 8.15%.

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 market closes 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.

65 employees have rated Precision Drilling Chief Executive Officer Kevin A. Neveu on Glassdoor.com. Kevin A. Neveu has an approval rating of 52% among the company's employees. This puts Kevin A. Neveu in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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

Precision Drilling trades on the New York Stock Exchange (NYSE) under the ticker symbol "PDS."

Precision Drilling's stock is owned by a number of institutional and retail investors. Top institutional investors include Encompass Capital Advisors LLC (5.45%), National Bank of Canada FI (4.06%), Bank of Montreal Can (3.58%), Acadian Asset Management LLC (1.76%), Quadrature Capital Ltd (1.65%) and Hotchkis & Wiley Capital Management LLC (1.25%).

Shares of PDS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PDS stock can currently be purchased for approximately $67.06.

Precision Drilling (NYSE:PDS) has a market capitalization of $912.69 million and generates $1.24 billion in revenue each year. The oil and gas company earns $-26,380,000.00 in net income (profit) each year or $7.09 on an earnings per share basis.

The company employs 4,802 workers across the globe.

Precision Drilling's mailing address is 525 - 8 Avenue S.W. Suite 800, Calgary A0, T2P 1G1. The official website for the company is www.precisiondrilling.com. The oil and gas company can be reached via phone at (403) 716-4500, via email at investorrelations@precisiondrilling.com, or via fax at 403-264-0251.