Precision Drilling Corporation provides oil and natural gas drilling and related services and products. 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's services include land drilling, directional drilling, 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, 2016, this segment operated 255 land drilling rigs, including 135 in Canada; 103 in the United States; 5 in Mexico; 4 in Saudi Arabia; 5 in Kuwait; 2 in the Kurdistan region of Iraq; and 1 in the country of Georgia. The Completion and Production Services segment offers completion and workover services, and ancillary services to oil and natural gas exploration and production companies. It provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; snubbing units for pressure control services; camp and catering services; and water system services. This segment also engages in the rental of oilfield surface equipment, and wellsite accommodations. This segment operated 196 well completion and workover service rigs, and 11 snubbing units in Canada and the United States; approximately 2,200 oilfield rental items, including surface storage, small-flow wastewater treatment, and power generation and solids control equipment; and 132 wellsite accommodation units in Canada. It also had 43 drilling camps and 4 base camps in Canada; and 10 large-flow wastewater treatment units, 24 pump houses, and 8 potable water production units in Canada. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Drilling oil & gas wells
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:PDS
CUSIPN/A
Phone403-716-4500
Debt
Debt-to-Equity Ratio0.98
Current Ratio1.79
Quick Ratio1.65
Price-To-Earnings
Trailing P/E Ratio-13.25
Forward P/E Ratio-16.86
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.04 billion
Price / Sales1.05
Cash Flow$0.7094 per share
Price / Cash5.23
Book Value$4.76 per share
Price / Book0.78
Profitability
EPS (Most Recent Fiscal Year)($0.28)
Net Income$-101,850,000.00
Net Margins-9.92%
Return on Equity-6.23%
Return on Assets-2.88%
Miscellaneous
Employees4,851
Outstanding Shares293,720,000
Market Cap$1.09 billion
Precision Drilling (NYSE:PDS) Frequently Asked Questions
What is Precision Drilling's stock symbol?
Precision Drilling trades on the New York Stock Exchange (NYSE) under the ticker symbol "PDS."
How were Precision Drilling's earnings last quarter?
Precision Drilling Corp (NYSE:PDS) announced its earnings results on Thursday, July, 26th. The oil and gas company reported ($0.12) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.11) by $0.01. The oil and gas company had revenue of $330.70 million for the quarter, compared to the consensus estimate of $320.66 million. Precision Drilling had a negative return on equity of 6.23% and a negative net margin of 9.92%. Precision Drilling's revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.12) EPS. View Precision Drilling's Earnings History.
When is Precision Drilling's next earnings date?
What price target have analysts set for PDS?
10 equities research analysts have issued twelve-month price targets for Precision Drilling's stock. Their predictions range from $3.90 to $6.00. On average, they anticipate Precision Drilling's stock price to reach $4.7714 in the next year. This suggests a possible upside of 28.6% from the stock's current price. View Analyst Price Targets for Precision Drilling.
What is the consensus analysts' recommendation for Precision Drilling?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last year. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Precision Drilling.
Who are some of Precision Drilling's key competitors?
Some companies that are related to Precision Drilling include Patterson-UTI Energy (PTEN), Ensco (ESV), Diamond Offshore Drilling (DO), Ocean Rig UDW (ORIG), Nabors Industries (NBR), Rowan Companies (RDC), Noble (NE), Baytex Energy (BTE), Oasis Midstream Partners (OMP), Key Energy Services (KEG), Seadrill Partners (SDLP), Pioneer Energy Services (PES), Independence Contract Drilling (ICD), Petroteq Energy (PQEFF) and Western Energy Services (WEEEF).
Who are Precision Drilling's key executives?
Precision Drilling's management team includes the folowing people:
- Mr. Kevin A. Neveu B.Sc, P.Eng, Pres, CEO & Director (Age 57)
- Mr. Carey Thomas Ford, Sr. VP & CFO
- Mr. Douglas B. Evasiuk, Sr. VP of Sales & Marketing - North America
- Mr. Grant Hunter, Sr. VP of US Operations
- Mr. Gene C. Stahl, Pres of Drilling Operations (Age 44)
Has Precision Drilling been receiving favorable news coverage?
Media coverage about PDS stock has been trending somewhat positive on Sunday, according to Accern. The research group rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Precision Drilling earned a daily sentiment score of 0.23 on Accern's scale. They also gave news articles about the oil and gas company an impact score of 48.16 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. View Recent Headlines for Precision Drilling.
Who are Precision Drilling's major shareholders?
Precision Drilling's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include FMR LLC (6.76%), Letko Brosseau & Associates Inc. (4.70%), Systematic Financial Management LP (2.63%), Fiera Capital Corp (2.08%), AGF Investments Inc. (1.67%) and Lonestar Capital Management LLC (1.36%).
Which institutional investors are selling Precision Drilling stock?
PDS stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Systematic Financial Management LP, TD Asset Management Inc., Bank of Nova Scotia, Renaissance Technologies LLC, Fiera Capital Corp, Millennium Management LLC and Legal & General Group Plc.
Which institutional investors are buying Precision Drilling stock?
PDS stock was bought by a variety of institutional investors in the last quarter, including AGF Investments Inc., LSV Asset Management, Connor Clark & Lunn Investment Management Ltd., Toronto Dominion Bank, Cumberland Partners Ltd, CIBC World Markets Inc., Lonestar Capital Management LLC and Canada Pension Plan Investment Board.
How do I buy shares of Precision Drilling?
Shares of PDS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Precision Drilling's stock price today?
One share of PDS stock can currently be purchased for approximately $3.71.
How big of a company is Precision Drilling?
Precision Drilling has a market capitalization of $1.09 billion and generates $1.04 billion in revenue each year. The oil and gas company earns $-101,850,000.00 in net income (profit) each year or ($0.28) on an earnings per share basis. Precision Drilling employs 4,851 workers across the globe.
How can I contact Precision Drilling?
Precision Drilling's mailing address is 525 - 8 Avenue S.W. Suite 800, Calgary A0, T2P 1G1. The oil and gas company can be reached via phone at 403-716-4500 or via email at [email protected]
MarketBeat Community Rating for Precision Drilling (NYSE PDS)
MarketBeat's community ratings are surveys of what our community members think about Precision Drilling and other stocks. Vote "Outperform" if you believe PDS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PDS will underperform the S&P 500 over the long term. You may vote once every thirty days.
