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Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
With oil prices slumping, OPEC+ producers weigh more production cuts
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
With oil prices slumping, OPEC+ producers weigh more production cuts
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
With oil prices slumping, OPEC+ producers weigh more production cuts
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
NYSE:PDS

Precision Drilling (PDS) Stock Forecast, Price & News

$45.97
+2.27 (+5.19%)
(As of 06/2/2023 ET)
Compare
Today's Range
$44.77
$46.37
50-Day Range
$42.07
$53.93
52-Week Range
$41.56
$87.36
Volume
49,200 shs
Average Volume
44,384 shs
Market Capitalization
$630.71 million
P/E Ratio
10.31
Dividend Yield
N/A
Price Target
$123.88

Precision Drilling MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
169.5% Upside
$123.88 Price Target
Short Interest
Bearish
3.27% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.18mentions of Precision Drilling in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
19.57%
From $10.17 to $12.16 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Oils/Energy Sector

111th out of 245 stocks

Drilling Oil & Gas Wells Industry

1st out of 11 stocks


PDS stock logo

About Precision Drilling (NYSE:PDS) Stock

Precision Drilling Corp. engages in the provision of onshore drilling, completion, and production services to the oil and natural gas industry. It operates through the following business segments: Contract Drilling Services and Completion and Production Services. The Contract Drilling Services segment includes rig and directional drilling, procurement and distribution of oilfield supplies, and the manufacture, sale, and repair of drilling equipment. The Completion and Production Services segment includes service rigs, oilfield equipment rental, and camp and catering services. The company was founded in 1951 and is headquartered in Calgary, Canada.

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PDS Stock News Headlines

"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Precision Reaches New 52-Week High (PDS)
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Precision Drilling (NYSE:PDS) Shares Gap Up to $49.74
Closing Bell: Precision Drilling Corp down on Friday (PD)
Closing Bell: Precision Drilling Corp down on Monday (PD)
Precision Drilling (NYSE:PDS) PT Lowered to C$135.00 at CIBC
RBC Capital Keeps Their Buy Rating on Precision Drilling (PDS)
Precision Drilling Releases 2022 ESG Performance Data
See More Headlines

PDS Price History

PDS Company Calendar

Last Earnings
10/20/2021
Today
6/04/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Drilling oil & gas wells
Sub-Industry
N/A
Employees
4,802
Year Founded
1951

Price Target and Rating

Average Stock Price Forecast
$123.88
High Stock Price Forecast
$165.00
Low Stock Price Forecast
$91.00
Forecasted Upside/Downside
+169.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-26,380,000.00
Pretax Margin
7.84%

Debt

Sales & Book Value

Annual Sales
$1.24 billion
Cash Flow
$13.89 per share
Book Value
$72.16 per share

Miscellaneous

Free Float
13,592,000
Market Cap
$630.71 million
Optionable
Optionable
Beta
2.40

Social Links


Key Executives

  • Kevin Arthur Neveu
    President, Chief Executive Officer & Director
  • Carey T. Ford
    Chief Financial Officer & Senior Vice President
  • Shuja U. Goraya
    Chief Technology Officer
  • Veronica H. Foley
    General Counsel, Chief Legal & Compliance Officer
  • Darren J. Ruhr
    Chief Administration Officer













PDS Stock - Frequently Asked Questions

Should I buy or sell Precision Drilling stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last twelve months. There are currently 1 hold rating and 1 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 forecast for 2023?

2 brokerages have issued 1-year price targets for Precision Drilling's shares. Their PDS share price forecasts range from $91.00 to $165.00. On average, they expect the company's stock price to reach $123.88 in the next twelve months. This suggests a possible upside of 169.5% 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 2023. Since then, PDS shares have decreased by 40.1% and is now trading at $45.97.
View the best growth stocks for 2023 here
.

When is Precision Drilling's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our PDS earnings forecast
.

How were Precision Drilling's earnings last quarter?

Precision Drilling Co. (NYSE:PDS) posted its earnings results on Wednesday, October, 20th. The oil and gas company reported ($2.88) EPS for the quarter, missing the consensus estimate of ($1.32) by $1.56. The oil and gas company earned $253.80 million during the quarter, compared to analysts' expectations of $277.66 million. Precision Drilling had a trailing twelve-month return on equity of 8.17% and a net margin of 5.65%. The business's quarterly revenue was up 54.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.60) EPS.

When did Precision Drilling's stock split?

Precision Drilling shares 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."

Who are Precision Drilling's major shareholders?

Precision Drilling's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include National Bank of Canada FI (4.07%), Acadian Asset Management LLC (3.73%), FIL Ltd (3.32%), Connor Clark & Lunn Investment Management Ltd. (2.83%), Bank of America Corp DE (1.72%) and NewGen Asset Management Ltd (1.09%).

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 $45.97.

How much money does Precision Drilling make?

Precision Drilling (NYSE:PDS) has a market capitalization of $630.71 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 $4.46 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 6/4/2023 by MarketBeat.com Staff

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