Precision Drilling - PDS Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last year. There are currently 1 hold rating, 2 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.
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4 brokerages have issued 1-year price targets for Precision Drilling's stock. Their PDS share price forecasts range from $80.00 to $165.00. On average, they expect the company's share price to reach $130.00 in the next year. This suggests a possible upside of 66.0% from the stock's current price.
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Precision Drilling's stock was trading at $76.70 on January 1st, 2023. Since then, PDS shares have increased by 2.1% and is now trading at $78.29.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
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Precision Drilling will be holding an earnings conference call on Thursday, February 9th at 2:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Precision Drilling Co. (NYSE:PDS) announced its quarterly earnings results on Wednesday, October, 20th. The oil and gas company reported ($2.88) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.32) by $1.56. The oil and gas company earned $253.80 million during the quarter, compared to the consensus estimate of $277.66 million. Precision Drilling had a negative trailing twelve-month return on equity of 5.50% and a negative net margin of 4.75%. The business's revenue for the quarter was up 54.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.60) earnings per share.

Precision Drilling shares reverse split before market open 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), Primo Water (PRMW), 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 variety of institutional and retail investors. Top institutional shareholders include National Bank of Canada FI (4.04%), Bank of Montreal Can (2.56%), Greatmark Investment Partners Inc. (0.28%), Versor Investments LP (0.05%), Zurcher Kantonalbank Zurich Cantonalbank (0.01%) and Concourse Financial Group Securities Inc. (0.00%).

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 $78.29.

Precision Drilling (NYSE:PDS) has a market capitalization of $1.06 billion and generates $787.34 million in revenue each year. The oil and gas company earns $-141,540,000.00 in net income (profit) each year or ($4.06) on an earnings per share basis.

The company employs 3,350 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.