Precision Drilling Stock Price, News & Analysis (NYSE:PDS)

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last year. There are currently 1 hold rating, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" PDS shares.
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6 brokerages have issued 1-year target prices for Precision Drilling's shares. Their PDS share price targets range from $20.00 to $150.00. On average, they predict the company's share price to reach $66.00 in the next year. This suggests a possible upside of 15.6% from the stock's current price.
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Precision Drilling's stock was trading at $76.70 at the start of the year. Since then, PDS shares have decreased by 25.6% and is now trading at $57.09.
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Precision Drilling saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 144,700 shares, an increase of 28.3% from the October 31st total of 112,800 shares. Based on an average trading volume of 83,500 shares, the short-interest ratio is presently 1.7 days. Currently, 1.0% 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, February 8th 2024.
View our PDS earnings forecast.

Precision Drilling Co. (NYSE:PDS) issued its earnings results on Thursday, October, 26th. The oil and gas company reported $1.08 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by $0.41. The oil and gas company had revenue of $333.04 million for the quarter, compared to the consensus estimate of $328.62 million. Precision Drilling had a trailing twelve-month return on equity of 10.90% and a net margin of 7.52%.

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.

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's stock is owned by a number of retail and institutional investors. Top institutional investors include National Bank of Canada FI (4.06%), Acadian Asset Management LLC (3.20%), American Century Companies Inc. (1.53%), Connor Clark & Lunn Investment Management Ltd. (1.29%), Royal Bank of Canada (0.96%) and TD Asset Management Inc (0.77%).

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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