S&P 500   4,233.24 (-1.29%)
DOW   33,087.51 (-1.03%)
QQQ   356.35 (-1.36%)
AAPL   171.37 (-1.37%)
MSFT   315.26 (-2.03%)
META   302.30 (-1.47%)
GOOGL   132.77 (-1.04%)
AMZN   125.85 (-2.79%)
TSLA   246.65 (-1.97%)
NVDA   441.93 (-1.32%)
NIO   8.65 (-1.59%)
BABA   84.41 (-2.45%)
AMD   101.31 (-1.90%)
T   14.74 (+0.48%)
F   12.07 (-1.95%)
MU   67.98 (+0.03%)
CGC   0.69 (-6.49%)
GE   107.85 (-0.86%)
DIS   80.43 (-1.52%)
AMC   7.87 (-3.44%)
PFE   33.86 (-0.24%)
PYPL   57.56 (-1.71%)
NFLX   381.70 (+0.36%)
S&P 500   4,233.24 (-1.29%)
DOW   33,087.51 (-1.03%)
QQQ   356.35 (-1.36%)
AAPL   171.37 (-1.37%)
MSFT   315.26 (-2.03%)
META   302.30 (-1.47%)
GOOGL   132.77 (-1.04%)
AMZN   125.85 (-2.79%)
TSLA   246.65 (-1.97%)
NVDA   441.93 (-1.32%)
NIO   8.65 (-1.59%)
BABA   84.41 (-2.45%)
AMD   101.31 (-1.90%)
T   14.74 (+0.48%)
F   12.07 (-1.95%)
MU   67.98 (+0.03%)
CGC   0.69 (-6.49%)
GE   107.85 (-0.86%)
DIS   80.43 (-1.52%)
AMC   7.87 (-3.44%)
PFE   33.86 (-0.24%)
PYPL   57.56 (-1.71%)
NFLX   381.70 (+0.36%)
S&P 500   4,233.24 (-1.29%)
DOW   33,087.51 (-1.03%)
QQQ   356.35 (-1.36%)
AAPL   171.37 (-1.37%)
MSFT   315.26 (-2.03%)
META   302.30 (-1.47%)
GOOGL   132.77 (-1.04%)
AMZN   125.85 (-2.79%)
TSLA   246.65 (-1.97%)
NVDA   441.93 (-1.32%)
NIO   8.65 (-1.59%)
BABA   84.41 (-2.45%)
AMD   101.31 (-1.90%)
T   14.74 (+0.48%)
F   12.07 (-1.95%)
MU   67.98 (+0.03%)
CGC   0.69 (-6.49%)
GE   107.85 (-0.86%)
DIS   80.43 (-1.52%)
AMC   7.87 (-3.44%)
PFE   33.86 (-0.24%)
PYPL   57.56 (-1.71%)
NFLX   381.70 (+0.36%)
S&P 500   4,233.24 (-1.29%)
DOW   33,087.51 (-1.03%)
QQQ   356.35 (-1.36%)
AAPL   171.37 (-1.37%)
MSFT   315.26 (-2.03%)
META   302.30 (-1.47%)
GOOGL   132.77 (-1.04%)
AMZN   125.85 (-2.79%)
TSLA   246.65 (-1.97%)
NVDA   441.93 (-1.32%)
NIO   8.65 (-1.59%)
BABA   84.41 (-2.45%)
AMD   101.31 (-1.90%)
T   14.74 (+0.48%)
F   12.07 (-1.95%)
MU   67.98 (+0.03%)
CGC   0.69 (-6.49%)
GE   107.85 (-0.86%)
DIS   80.43 (-1.52%)
AMC   7.87 (-3.44%)
PFE   33.86 (-0.24%)
PYPL   57.56 (-1.71%)
NFLX   381.70 (+0.36%)
NYSE:PDS

Precision Drilling (PDS) Stock Forecast, Price & News

$61.92
-0.03 (-0.05%)
(As of 10:44 AM ET)
Compare
Today's Range
$60.33
▼
$62.51
50-Day Range
$59.16
▼
$72.59
52-Week Range
$41.56
▼
$87.36
Volume
16,997 shs
Average Volume
64,738 shs
Market Capitalization
$842.73 million
P/E Ratio
8.73
Dividend Yield
N/A
Price Target
$66.00
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Precision Drilling MarketRank™ Forecast

Analyst Rating
Buy
3.20 Rating Score
Upside/​Downside
6.5% Upside
$66.00 Price Target
Short Interest
Healthy
0.50% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.64mentions of Precision Drilling in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
31.21%
From $9.42 to $12.36 Per Share

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 stars

Oils/Energy Sector

134th out of 247 stocks

Drilling Oil & Gas Wells Industry

5th out of 12 stocks

See Top Rated MarketRank™ Stocks Here

PDS stock logo

About Precision Drilling (NYSE:PDS) Stock

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 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.

PDS Price History

PDS Stock News Headlines

October 2, 2023 | americanbankingnews.com
Q4 2023 Earnings Forecast for Precision Drilling Co. (NYSE:PDS) Issued By Atb Cap Markets
September 25, 2023 | americanbankingnews.com
Brokerages Set Precision Drilling Co. (NYSE:PDS) PT at $66.00
October 3, 2023 | Edge On The Street (Ad)
Is Gold Really Boring?
Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
September 7, 2023 | markets.businessinsider.com
Precision Drilling To Buy CWC Energy For $141 Mln In Share, Cash Deal
September 7, 2023 | finance.yahoo.com
Precision Drilling Announces Acquisition of CWC Energy Services
August 28, 2023 | finance.yahoo.com
Precision Drilling Corporation's (TSE:PD) top owners are retail investors with 56% stake, while 36% is held by institutions
August 22, 2023 | seekingalpha.com
Precision Drilling: On The Move For Better Returns
August 22, 2023 | finance.yahoo.com
Zacks Industry Outlook Highlights Seadrill, Patterson-UTI Energy and Precision Drilling
October 3, 2023 | Wall Street Fundamentals (Ad)
The "Plug and Play" Model Putting Online Giants to Shame
While 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.com
Piper Sandler Reaffirms Their Buy Rating on Precision Drilling (PDS)
July 27, 2023 | seekingalpha.com
Precision Drilling Corporation 2023 Q2 - Results - Earnings Call Presentation
July 26, 2023 | benzinga.com
A Preview Of Precision Drilling's Earnings
July 14, 2023 | markets.businessinsider.com
CIBC Reaffirms Their Buy Rating on Precision Drilling (PDS)
July 11, 2023 | finance.yahoo.com
The Zacks Analyst Blog Highlights Exxon Mobil, PBF Energy, Precision Drilling and Baker Hughes
June 5, 2023 | finance.yahoo.com
Those who invested in Precision Drilling (TSE:PD) three years ago are up 137%
June 1, 2023 | msn.com
Precision Drilling says western Canada wildfires having 'modest impact'
June 1, 2023 | finance.yahoo.com
Precision Drilling Corporation Provides Activity Update
May 26, 2023 | thestreet.com
Precision Reaches New 52-Week High (PDS)
May 11, 2023 | finance.yahoo.com
Precision Drilling Corporation Announces Voting Results From the 2023 Annual Meeting of Shareholders
May 5, 2023 | finance.yahoo.com
Precision Drilling Corporation Holding Virtual-Only 2023 Annual Meeting of Shareholders on May 11
April 21, 2023 | theglobeandmail.com
Closing Bell: Precision Drilling Corp down on Friday (PD)
April 19, 2023 | theglobeandmail.com
Closing Bell: Precision Drilling Corp up on Wednesday (PD)
April 19, 2023 | finance.yahoo.com
Precision Drilling (PDS) Earnings Expected to Grow: Should You Buy?
April 17, 2023 | theglobeandmail.com
Closing Bell: Precision Drilling Corp down on Monday (PD)
April 14, 2023 | markets.businessinsider.com
RBC Capital Keeps Their Buy Rating on Precision Drilling (PDS)
April 4, 2023 | seekingalpha.com
Precision Drilling: Marked Down And On The Sale Rack
March 28, 2023 | financialpost.com
Precision Drilling Releases 2022 ESG Performance Data
See 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.

PDS Company Calendar

Last Earnings
7/27/2023
Today
10/03/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Drilling oil & gas wells
Sub-Industry
N/A
Sector
Oils/Energy
Current Symbol
NYSE:PDS
CUSIP
N/A
CIK
1013605
Web
www.precisiondrilling.com
Phone
(403) 716-4500
Fax
403-264-0251
Employees
4,802
Year Founded
1951

Price 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 Rating
Buy
Rating Score (0-4)
3.20
Research Coverage
5 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$7.09
Trailing P/E Ratio
8.74
Forward P/E Ratio
6.58
P/E Growth
N/A
Net Income
$-26,380,000.00
Net Margins
8.15%
Pretax Margin
11.00%
Return on Equity
12.05%
Return on Assets
5.43%

Debt

Debt-to-Equity Ratio
0.71
Current Ratio
1.48
Quick Ratio
1.35

Sales & Book Value

Annual Sales
$1.24 billion
Price / Sales
0.68
Cash Flow
$12.83 per share
Price / Cash Flow
4.83
Book Value
$69.81 per share
Price / Book
0.89

Miscellaneous

Outstanding Shares
13,610,000
Free Float
13,479,000
Market Cap
$843.14 million
Optionable
Optionable
Beta
2.38

Social Links

20 Stocks to Sell Now Cover
20 Stocks to Sell Now

MarketBeat 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 Executives

  • Mr. Kevin A. Neveu B.Sc (Age 62)
    B.Sc., P.Eng, Pres, CEO & Director
    Comp: $2M
  • Mr. Carey Thomas Ford C.F.A.
    Chief Financial Officer
  • Mr. Shuja U. Goraya
    Chief Technology Officer
  • Ms. Veronica H. Foley
    Chief Legal and Compliance Officer
  • Mr. Gene C. Stahl (Age 49)
    Pres of North American Drilling
    Comp: $896.16k
  • Mr. Darren J. Ruhr
    Chief Admin. Officer
  • Ms. Lavonne Zdunich
    Director of Investor Relations
  • Dustin Honing
    Mang. of Investor Relations & Corp. Devel.
  • Mr. Grant Hunter
    Sr. VP of North American Drilling Operation
  • Mr. Ross Steven Pickering (Age 77)
    Sr. VP of Global Operations Excellence

Key Competitors

View All Competitors

Institutional Ownership

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

My Account -