Precision Drilling Stock Price, News & Analysis (NYSE:PDS) $57.09 -0.68 (-1.18%) (As of 12/4/2023 ET) Add Compare Share Share Today's Range$56.56▼$57.4250-Day Range$56.33▼$68.9752-Week Range$41.56▼$86.94Volume54,928 shsAverage Volume70,781 shsMarket Capitalization$831.23 millionP/E Ratio8.64Dividend YieldN/APrice Target$66.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Precision Drilling MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside15.6% Upside$66.00 Price TargetShort InterestHealthy1.02% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth26.83%From $8.87 to $11.25 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.2.06 out of 5 starsOils/Energy Sector134th out of 225 stocksDrilling Oil & Gas Wells Industry8th out of 12 stocks 2.5 Analyst's Opinion Consensus RatingPrecision Drilling has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $66.00, Precision Drilling has a forecasted upside of 15.6% from its current price of $57.09.Amount of Analyst CoveragePrecision Drilling has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.02% 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 1.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Precision Drilling has recently increased by 28.28%, indicating that investor sentiment is decreasing 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 0.6 News and Social Media Coverage News SentimentPrecision Drilling has a news sentiment score of -1.00. 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 is a lower news sentiment than the 0.50 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 1 news article for Precision Drilling this week, compared to 1 article on an average week.Search InterestOnly 4 people have searched for PDS on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 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 26.83% in the coming year, from $8.87 to $11.25 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Precision Drilling is 8.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.82.Price to Earnings Ratio vs. SectorThe P/E ratio of Precision Drilling is 8.64, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.67.Price to Book Value per Share RatioPrecision Drilling has a P/B Ratio of 0.82. 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 Stock (NYSE:PDS)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.Read More PDS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PDS Stock News HeadlinesNovember 26, 2023 | americanbankingnews.comPrecision Drilling (NYSE:PDS) Shares Gap Up to $56.33November 8, 2023 | finance.yahoo.comCWC ENERGY SERVICES CORP. ANNOUNCES CLOSING OF ARRANGEMENT WITH PRECISION DRILLING CORPORATIONDecember 4, 2023 | Financial Alphas (Ad)Recent Reports Are A Wake-Up Call For InvestorsAs the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.November 8, 2023 | finance.yahoo.comPrecision Drilling Completes Acquisition of CWC Energy Services Corp.October 28, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These NA Stocks: Precision Drilling (PDS), Tamarack Valley Energy (OtherTNEYF) and Marathon Petroleum (MPC)October 26, 2023 | finanznachrichten.dePrecision Drilling Corporation: Precision Drilling Announces 2023 Third Quarter Unaudited Financial ResultsOctober 26, 2023 | msn.comPrecision Drilling Corp’s Mixed Results: A Profit Dip Amid Revenue RiseOctober 26, 2023 | finance.yahoo.comPrecision Drilling (PDS) Lags Q3 Earnings EstimatesDecember 4, 2023 | Financial Alphas (Ad)Recent Reports Are A Wake-Up Call For InvestorsAs the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.October 23, 2023 | theglobeandmail.com3 Small-Cap Energy Stocks Analysts Expect to RallyOctober 13, 2023 | markets.businessinsider.comPrecision Drilling (PDS) Gets a Buy from RBC CapitalOctober 8, 2023 | thestreet.comPrecision Drilling (PDS) Stock Hits One-Year Low as Oil Prices Dip AgainOctober 8, 2023 | thestreet.comPrecision Drilling (PDS) Stock Hits One-Year Low as Oil Prices Dip AgainOctober 4, 2023 | finance.yahoo.comPrecision Drilling Corporation 2023 Third Quarter Results Conference Call and WebcastSeptember 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 DrillingAugust 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 UpdateSee 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 Company Calendar Last Earnings10/26/2023Today12/04/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/08/2024Get 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 Target$66.00 High Stock Price Target$150.00 Low Stock Price Target$20.00 Potential Upside/Downside+15.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$6.61 Trailing P/E Ratio8.65 Forward P/E Ratio6.45 P/E GrowthN/ANet Income$-26,380,000.00 Net Margins7.52% Pretax Margin10.44% Return on Equity10.90% Return on Assets5.11% Debt Debt-to-Equity Ratio0.70 Current Ratio1.59 Quick Ratio1.48 Sales & Book Value Annual Sales$1.24 billion Price / Sales0.67 Cash Flow$13.75 per share Price / Cash Flow4.16 Book Value$69.81 per share Price / Book0.82Miscellaneous Outstanding Shares14,560,000Free Float14,418,000Market Cap$832.69 million OptionableOptionable Beta2.24 Social Links Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesMr. Kevin A. Neveu B.Sc. (Age 62)P.Eng, President, CEO & Director Comp: $1.96MMr. 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)President of North American Drilling Comp: $878.96kMr. Darren J. RuhrChief Administrative OfficerMs. Lavonne ZdunichDirector of Investor RelationsDustin HoningManager of Investor Relations & Corporate DevelopmentMr. Grant HunterSenior Vice President of North American Drilling OperationMr. Ross Steven Pickering (Age 77)Senior Vice President of Global Operations Excellence More ExecutivesKey CompetitorsNabors IndustriesNYSE:NBRBorr DrillingNYSE:BORRHighPeak EnergyNASDAQ:HPKGranite Ridge ResourcesNYSE:GRNTRamaco ResourcesNASDAQ:METCBView All CompetitorsInstitutional OwnershipWellington Management Group LLPBought 68,900 shares on 12/1/2023Ownership: 0.473%American Century Companies Inc.Bought 209,182 shares on 11/30/2023Ownership: 1.532%Public Sector Pension Investment BoardSold 203 shares on 11/22/2023Ownership: 0.201%Tudor Investment Corp Et AlBought 10,334 shares on 11/16/2023Ownership: 0.071%Sei Investments Co.Sold 700 shares on 11/15/2023Ownership: 0.041%View All Institutional Transactions PDS Stock Analysis - Frequently Asked Questions Should I buy or sell Precision Drilling stock right now? 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. View PDS analyst ratings or view top-rated stocks. What is Precision Drilling's stock price target for 2024? 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. 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 start of the year. Since then, PDS shares have decreased by 25.6% and is now trading at $57.09. View the best growth stocks for 2023 here. Are investors shorting Precision Drilling? 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. 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, February 8th 2024. View our PDS earnings forecast. How were Precision Drilling's earnings last quarter? 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%. When did Precision Drilling's stock split? 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. 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). Who are Precision Drilling's major shareholders? 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%). 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. 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 This page (NYSE:PDS) was last updated on 12/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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