NYSE:PDS Precision Drilling (PDS) Stock Forecast, Price & News $61.92 -0.03 (-0.05%) (As of 10:44 AM ET) Add Compare Share Share Today's Range$60.33▼$62.5150-Day Range$59.16▼$72.5952-Week Range$41.56▼$87.36Volume16,997 shsAverage Volume64,738 shsMarket Capitalization$842.73 millionP/E Ratio8.73Dividend YieldN/APrice Target$66.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Precision Drilling MarketRank™ ForecastAnalyst RatingBuy3.20 Rating ScoreUpside/Downside6.5% Upside$66.00 Price TargetShort InterestHealthy0.50% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.64Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth31.21%From $9.42 to $12.36 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.21 out of 5 starsOils/Energy Sector134th out of 247 stocksDrilling Oil & Gas Wells Industry5th out of 12 stocks 1.6 Analyst's Opinion Consensus RatingPrecision Drilling has received a consensus rating of Buy. The company's average rating score is 3.20, and is based on 4 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $66.00, Precision Drilling has a forecasted upside of 6.5% from its current price of $61.95.Amount of Analyst CoveragePrecision Drilling has only been the subject of 4 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.50% of the float of Precision Drilling has been sold short.Short Interest Ratio / Days to CoverPrecision Drilling has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Precision Drilling has recently decreased by 29.07%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldPrecision Drilling does not currently pay a dividend.Dividend GrowthPrecision Drilling does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PDS. Previous Next 2.6 News and Social Media Coverage News SentimentPrecision Drilling has a news sentiment score of 0.64. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Precision Drilling this week, compared to 1 article on an average week.Search InterestOnly 2 people have searched for PDS on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.MarketBeat Follows3 people have added Precision Drilling to their MarketBeat watchlist in the last 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Precision Drilling insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.95% of the stock of Precision Drilling is held by insiders.Percentage Held by InstitutionsOnly 39.16% of the stock of Precision Drilling is held by institutions. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Precision Drilling are expected to grow by 31.21% in the coming year, from $9.42 to $12.36 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Precision Drilling is 8.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.22.Price to Earnings Ratio vs. SectorThe P/E ratio of Precision Drilling is 8.74, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.08.Price to Book Value per Share RatioPrecision Drilling has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Precision Drilling (NYSE:PDS) StockPrecision 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 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 also offers services include land 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, 2022, it operated 225 land drilling rigs, including 111 in Canada; 101 in the United States; 6 in Kuwait; 4 in Saudi Arabia; 2 in the Kurdistan region of Iraq; and 1 in the country of Georgia. As of December 31, 2022, this segment also operated 70 Alpha rigs with commercial AlphaAutomation; and 21 AlphaApps, as well as offers AlphaAnalytics data services and 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; wellsite accommodations; oilfield surface equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. As of December 31, 2022, it operated 135 well completion and workover service rigs, including 125 in Canada and 10 in the United States; 1,900 oilfield rental items, including surface storage, small-flow wastewater treatment, power generation, and solids control equipment; 103 wellsite accommodation units; 782 drill camp beds; 654 base camp beds; and three kitchen diners in Canada. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.Read More PDS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PDS Stock News HeadlinesOctober 2, 2023 | americanbankingnews.comQ4 2023 Earnings Forecast for Precision Drilling Co. (NYSE:PDS) Issued By Atb Cap MarketsSeptember 25, 2023 | americanbankingnews.comBrokerages Set Precision Drilling Co. (NYSE:PDS) PT at $66.00October 3, 2023 | Edge On The Street (Ad)Is Gold Really Boring?Many investors perceive gold as a "boring" investment. 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September 7, 2023 | markets.businessinsider.comPrecision Drilling To Buy CWC Energy For $141 Mln In Share, Cash DealSeptember 7, 2023 | finance.yahoo.comPrecision Drilling Announces Acquisition of CWC Energy ServicesAugust 28, 2023 | finance.yahoo.comPrecision Drilling Corporation's (TSE:PD) top owners are retail investors with 56% stake, while 36% is held by institutionsAugust 22, 2023 | seekingalpha.comPrecision Drilling: On The Move For Better ReturnsAugust 22, 2023 | finance.yahoo.comZacks Industry Outlook Highlights Seadrill, Patterson-UTI Energy and Precision DrillingOctober 3, 2023 | Wall Street Fundamentals (Ad)The "Plug and Play" Model Putting Online Giants to ShameWhile e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."August 1, 2023 | markets.businessinsider.comPiper Sandler Reaffirms Their Buy Rating on Precision Drilling (PDS)July 27, 2023 | seekingalpha.comPrecision Drilling Corporation 2023 Q2 - Results - Earnings Call PresentationJuly 26, 2023 | benzinga.comA Preview Of Precision Drilling's EarningsJuly 14, 2023 | markets.businessinsider.comCIBC Reaffirms Their Buy Rating on Precision Drilling (PDS)July 11, 2023 | finance.yahoo.comThe Zacks Analyst Blog Highlights Exxon Mobil, PBF Energy, Precision Drilling and Baker HughesJune 5, 2023 | finance.yahoo.comThose who invested in Precision Drilling (TSE:PD) three years ago are up 137%June 1, 2023 | msn.comPrecision Drilling says western Canada wildfires having 'modest impact'June 1, 2023 | finance.yahoo.comPrecision Drilling Corporation Provides Activity UpdateMay 26, 2023 | thestreet.comPrecision Reaches New 52-Week High (PDS)May 11, 2023 | finance.yahoo.comPrecision Drilling Corporation Announces Voting Results From the 2023 Annual Meeting of ShareholdersMay 5, 2023 | finance.yahoo.comPrecision Drilling Corporation Holding Virtual-Only 2023 Annual Meeting of Shareholders on May 11April 21, 2023 | theglobeandmail.comClosing Bell: Precision Drilling Corp down on Friday (PD)April 19, 2023 | theglobeandmail.comClosing Bell: Precision Drilling Corp up on Wednesday (PD)April 19, 2023 | finance.yahoo.comPrecision Drilling (PDS) Earnings Expected to Grow: Should You Buy?April 17, 2023 | theglobeandmail.comClosing Bell: Precision Drilling Corp down on Monday (PD)April 14, 2023 | markets.businessinsider.comRBC Capital Keeps Their Buy Rating on Precision Drilling (PDS)April 4, 2023 | seekingalpha.comPrecision Drilling: Marked Down And On The Sale RackMarch 28, 2023 | financialpost.comPrecision Drilling Releases 2022 ESG Performance DataSee More Headlines Receive PDS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Precision Drilling and its competitors with MarketBeat's FREE daily newsletter. Email Address PDS Company Calendar Last Earnings7/27/2023Today10/03/2023Next Earnings (Estimated)10/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Drilling oil & gas wells Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:PDS CUSIPN/A CIK1013605 Webwww.precisiondrilling.com Phone(403) 716-4500Fax403-264-0251Employees4,802Year Founded1951Price Target and Rating Average Stock Price Forecast$66.00 High Stock Price Forecast$150.00 Low Stock Price Forecast$20.00 Forecasted Upside/Downside+6.5%Consensus RatingBuy Rating Score (0-4)3.20 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$7.09 Trailing P/E Ratio8.74 Forward P/E Ratio6.58 P/E GrowthN/ANet Income$-26,380,000.00 Net Margins8.15% Pretax Margin11.00% Return on Equity12.05% Return on Assets5.43% Debt Debt-to-Equity Ratio0.71 Current Ratio1.48 Quick Ratio1.35 Sales & Book Value Annual Sales$1.24 billion Price / Sales0.68 Cash Flow$12.83 per share Price / Cash Flow4.83 Book Value$69.81 per share Price / Book0.89Miscellaneous Outstanding Shares13,610,000Free Float13,479,000Market Cap$843.14 million OptionableOptionable Beta2.38 Social Links 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. Kevin A. Neveu B.Sc (Age 62)B.Sc., P.Eng, Pres, CEO & Director Comp: $2MMr. Carey Thomas Ford C.F.A.Chief Financial OfficerMr. Shuja U. GorayaChief Technology OfficerMs. Veronica H. FoleyChief Legal and Compliance OfficerMr. Gene C. Stahl (Age 49)Pres of North American Drilling Comp: $896.16kMr. Darren J. RuhrChief Admin. OfficerMs. Lavonne ZdunichDirector of Investor RelationsDustin HoningMang. of Investor Relations & Corp. Devel.Mr. Grant HunterSr. VP of North American Drilling OperationMr. Ross Steven Pickering (Age 77)Sr. VP of Global Operations Excellence More ExecutivesKey CompetitorsBorr DrillingNYSE:BORRNabors IndustriesNYSE:NBRHighPeak EnergyNASDAQ:HPKPatterson-UTI EnergyNASDAQ:PTENSuburban Propane PartnersNYSE:SPHView All CompetitorsInstitutional OwnershipBarclays PLCBought 2,642 shares on 9/21/2023Ownership: 0.026%Royal Bank of CanadaSold 36,584 shares on 8/15/2023Ownership: 1.195%Goldman Sachs Group Inc.Sold 34,327 shares on 8/15/2023Ownership: 0.437%Citadel Advisors LLCBought 14,300 shares on 8/15/2023Ownership: 0.000%CIBC Asset Management IncSold 683 shares on 8/15/2023Ownership: 0.087%View All Institutional Transactions PDS Stock - Frequently Asked Questions Should I buy or sell Precision Drilling stock right now? 5 Wall Street equities research 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 equities research analysts is that investors should "buy" PDS shares. View PDS analyst ratings or view top-rated stocks. What is Precision Drilling's stock price forecast for 2023? 5 equities research analysts have issued 12 month price targets for Precision Drilling's shares. Their PDS share price forecasts range from $20.00 to $150.00. On average, they expect the company's stock price to reach $66.00 in the next year. This suggests a possible upside of 6.5% from the stock's current price. View analysts price targets for PDS or view top-rated stocks among Wall Street analysts. How have PDS shares performed in 2023? Precision Drilling's stock was trading at $76.70 at the beginning of the year. Since then, PDS stock has decreased by 19.2% and is now trading at $61.95. View the best growth stocks for 2023 here. Are investors shorting Precision Drilling? Precision Drilling saw a decline in short interest in September. As of September 15th, there was short interest totaling 66,600 shares, a decline of 29.1% from the August 31st total of 93,900 shares. Based on an average trading volume of 60,600 shares, the short-interest ratio is presently 1.1 days. Currently, 0.5% of the shares of the company are short sold. View Precision Drilling's Short Interest. When is Precision Drilling's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023. View our PDS earnings forecast. How were Precision Drilling's earnings last quarter? 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 for the quarter, beating analysts' consensus estimates of $0.99 by $0.22. The oil and gas company had revenue of $316.89 million for 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%. When did Precision Drilling's stock split? Precision Drilling's stock reverse split on the morning of 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. What is Kevin A. Neveu's approval rating as Precision Drilling's CEO? 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. What other stocks do shareholders of Precision Drilling own? 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). What is Precision Drilling's stock symbol? Precision Drilling trades on the New York Stock Exchange (NYSE) under the ticker symbol "PDS." 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Precision Drilling's stock price today? One share of PDS stock can currently be purchased for approximately $61.95. How much money does Precision Drilling make? Precision Drilling (NYSE:PDS) has a market capitalization of $843.14 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. How many employees does Precision Drilling have? The company employs 4,802 workers across the globe. Does Precision Drilling have any subsidiaries? The following companies are subsidiares of Precision Drilling: Grey Wolf Drilling (Barbados) Ltd., Grey Wolf Drilling Limited, Precision Completion & Production Services Ltd., Precision Directional Services, Precision Directional Services Ltd., Precision Diversified Oilfield Services Corp, Precision Diversified Oilfield Services Corp, Precision Drilling (US) Corporation, Precision Drilling Canada Limited Partnership, Precision Drilling Company LP, Precision Drilling Holdings Company, and Precision Limited Partnership.Read More How can I contact Precision Drilling? 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. This page (NYSE:PDS) was last updated on 10/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Precision Drilling Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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