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NYSE:PDS

Precision Drilling (PDS) Stock Price, News & Analysis

$60.94
+1.15 (+1.92%)
(As of 02:01 PM ET)
Today's Range
$59.42
$61.83
50-Day Range
$52.06
$64.31
52-Week Range
$41.56
$73.82
Volume
42,163 shs
Average Volume
104,656 shs
Market Capitalization
$873.88 million
P/E Ratio
4.47
Dividend Yield
N/A
Price Target
$61.67

Precision Drilling MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
1.2% Upside
$61.67 Price Target
Short Interest
Healthy
1.56% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.17mentions of Precision Drilling in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
33.68%
From $7.63 to $10.20 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.80 out of 5 stars

Oils/Energy Sector

180th out of 240 stocks

Drilling Oil & Gas Wells Industry

9th out of 13 stocks


PDS stock logo

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.

PDS Stock Price History

PDS Stock News Headlines

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Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
PDS Jun 2024 90.000 call
PDS Mar 2024 55.000 call
Precision Drilling Corp
An Unusual Way to Invest in Gold
Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
Precision Drilling Corp PDS
Precision Drilling (PDS) Lags Q3 Earnings Estimates
3 Small-Cap Energy Stocks Analysts Expect to Rally
Precision Drilling (PDS) Gets a Buy from RBC Capital
See More Headlines
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Company Calendar

Last Earnings
10/20/2021
Today
2/21/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

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 Target
$61.67
High Stock Price Target
$150.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+3.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$214.27 million
Pretax Margin
13.72%

Debt

Sales & Book Value

Annual Sales
$1.44 billion
Cash Flow
$24.88 per share
Book Value
$81.42 per share

Miscellaneous

Free Float
14,201,000
Market Cap
$856.10 million
Optionable
Optionable
Beta
2.15

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Key Executives

  • Mr. Kevin A. Neveu B.Sc. (Age 63)
    P.Eng, President, CEO & Director
    Comp: $1.99M
  • 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 50)
    President of North American Drilling
    Comp: $893.16k
  • Mr. Darren J. Ruhr
    Chief Administrative Officer
  • Ms. Lavonne Zdunich
    Director of Investor Relations
  • Dustin Honing
    Manager of Investor Relations & Corporate Development
  • Mr. Grant Hunter
    Senior Vice President of North American Drilling Operation
  • Mr. Ross Steven Pickering (Age 78)
    Senior Vice President of Global Operations Excellence














PDS Stock Analysis - Frequently Asked Questions

Should I buy or sell Precision Drilling stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last twelve months. There are currently 1 hold rating, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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?

5 brokers 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 stock price to reach $61.67 in the next year. This suggests a possible upside of 1.2% 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 2024?

Precision Drilling's stock was trading at $54.29 at the start of the year. Since then, PDS stock has increased by 12.2% and is now trading at $60.94.
View the best growth stocks for 2024 here
.

Are investors shorting Precision Drilling?

Precision Drilling saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 217,900 shares, an increase of 26.7% from the January 15th total of 172,000 shares. Based on an average daily volume of 93,900 shares, the short-interest ratio is currently 2.3 days. Currently, 1.6% of the company's shares 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 Wednesday, April 24th 2024.
View our PDS earnings forecast
.

How were Precision Drilling's earnings last quarter?

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 for the quarter, missing analysts' consensus estimates of ($1.32) by $1.56. The oil and gas company had revenue of $253.80 million for the quarter, compared to analyst estimates of $277.66 million. Precision Drilling had a net margin of 14.87% and a trailing twelve-month return on equity of 14.81%. The firm's revenue for the quarter was up 54.0% compared to the same quarter last year. During the same quarter last year, the company posted ($1.60) EPS.

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 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).

Who are Precision Drilling's major shareholders?

Precision Drilling's stock is owned by many different institutional and retail investors. Top institutional shareholders include Ninepoint Partners LP (9.59%), National Bank of Canada FI (3.84%), FIL Ltd (2.16%), Hotchkis & Wiley Capital Management LLC (1.37%), Dimensional Fund Advisors LP (1.10%) and Royal Bank of Canada (1.03%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 2/21/2024 by MarketBeat.com Staff