NYSE:PDS Precision Drilling (PDS) Stock Forecast, Price & News $45.97 +2.27 (+5.19%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$44.77▼$46.3750-Day Range$42.07▼$53.9352-Week Range$41.56▼$87.36Volume49,200 shsAverage Volume44,384 shsMarket Capitalization$630.71 millionP/E Ratio10.31Dividend YieldN/APrice Target$123.88 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Precision Drilling MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside169.5% Upside$123.88 Price TargetShort InterestBearish3.27% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.18Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth19.57%From $10.17 to $12.16 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.2.41 out of 5 starsOils/Energy Sector111th out of 245 stocksDrilling Oil & Gas Wells Industry1st out of 11 stocks 3.3 Analyst's Opinion Consensus RatingPrecision Drilling has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $123.88, Precision Drilling has a forecasted upside of 169.5% from its current price of $45.97.Amount of Analyst CoveragePrecision Drilling has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.27% 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 6.6.Change versus previous monthShort interest in Precision Drilling has recently increased by 8.83%, 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 1.6 News and Social Media Coverage News SentimentPrecision Drilling has a news sentiment score of -0.18. 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 0.63 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Precision Drilling this week, compared to 2 articles on an average week.MarketBeat Follows2 people have added Precision Drilling to their MarketBeat watchlist in the last 30 days. Previous Next 0.8 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 Institutions45.22% of the stock of Precision Drilling is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Precision Drilling are expected to grow by 19.57% in the coming year, from $10.17 to $12.16 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Precision Drilling is 10.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.56.Price to Earnings Ratio vs. SectorThe P/E ratio of Precision Drilling is 10.31, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 48.93.Price to Book Value per Share RatioPrecision Drilling has a P/B Ratio of 0.64. 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 (NYSE:PDS) StockPrecision 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.Read More 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 PDS Stock News HeadlinesJune 1, 2023 | msn.comPrecision Drilling says western Canada wildfires having 'modest impact'June 1, 2023 | finance.yahoo.comPrecision Drilling Corporation Provides Activity UpdateJune 4, 2023 | Behind the Markets (Ad)"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 >>>May 26, 2023 | thestreet.comPrecision Reaches New 52-Week High (PDS)May 11, 2023 | finance.yahoo.comPrecision Drilling Corporation Announces Voting Results From the 2023 Annual Meeting of ShareholdersMay 5, 2023 | finance.yahoo.comPrecision Drilling Corporation Holding Virtual-Only 2023 Annual Meeting of Shareholders on May 11May 2, 2023 | americanbankingnews.comPrecision Drilling (NYSE:PDS) Price Target Lowered to $91.00 at Piper SandlerMay 2, 2023 | americanbankingnews.comQ2 2023 Earnings Forecast for Precision Drilling Co. (NYSE:PDS) Issued By Atb Cap MarketsJune 4, 2023 | Behind the Markets (Ad)"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 >>>May 2, 2023 | americanbankingnews.comStifel Firstegy Research Analysts Decrease Earnings Estimates for Precision Drilling Co. (NYSE:PDS)April 30, 2023 | americanbankingnews.comPrecision Drilling (NYSE:PDS) Price Target Increased to C$125.00 by Analysts at BMO Capital MarketsApril 30, 2023 | americanbankingnews.comPrecision Drilling Co. (NYSE:PDS) Receives $136.88 Consensus PT from AnalystsApril 29, 2023 | americanbankingnews.comRoyal Bank of Canada Lowers Precision Drilling (NYSE:PDS) Price Target to C$120.00April 28, 2023 | americanbankingnews.comPrecision Drilling (NYSE:PDS) Shares Gap Up to $49.74April 24, 2023 | americanbankingnews.comPrecision Drilling (PDS) to Release Quarterly Earnings on WednesdayApril 21, 2023 | theglobeandmail.comClosing Bell: Precision Drilling Corp down on Friday (PD)April 19, 2023 | theglobeandmail.comClosing Bell: Precision Drilling Corp up on Wednesday (PD)April 19, 2023 | finance.yahoo.comPrecision Drilling (PDS) Earnings Expected to Grow: Should You Buy?April 17, 2023 | theglobeandmail.comClosing Bell: Precision Drilling Corp down on Monday (PD)April 15, 2023 | americanbankingnews.comPrecision Drilling (NYSE:PDS) PT Lowered to C$135.00 at CIBCApril 14, 2023 | markets.businessinsider.comRBC Capital Keeps Their Buy Rating on Precision Drilling (PDS)April 7, 2023 | americanbankingnews.comPrecision Drilling Co. (NYSE:PDS) Receives Consensus Rating of "Moderate Buy" from AnalystsApril 4, 2023 | seekingalpha.comPrecision Drilling: Marked Down And On The Sale RackMarch 28, 2023 | financialpost.comPrecision Drilling Releases 2022 ESG Performance DataMarch 21, 2023 | seekingalpha.comPrecision Drilling (PDS) Investor Presentation - SlideshowMarch 9, 2023 | msn.com3 Oil & Gas Drilling Stocks to Make It Through Macro HeadwindsFebruary 13, 2023 | finance.yahoo.comPrecision Drilling Corporation (NYSE:PDS) Q4 2022 Earnings Call TranscriptSee More Headlines PDS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PDS Company Calendar Last Earnings10/20/2021Today6/04/2023Next Earnings (Estimated)7/26/2023Fiscal Year End12/31/2023Get 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 Forecast$123.88 High Stock Price Forecast$165.00 Low Stock Price Forecast$91.00 Forecasted Upside/Downside+169.5%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$4.46 Trailing P/E Ratio10.31 Forward P/E Ratio4.52 P/E GrowthN/ANet Income$-26,380,000.00 Net Margins5.65% Pretax Margin7.84% Return on Equity8.17% Return on Assets3.57% Debt Debt-to-Equity Ratio0.87 Current Ratio1.93 Quick Ratio1.80 Sales & Book Value Annual Sales$1.24 billion Price / Sales0.51 Cash Flow$13.89 per share Price / Cash Flow3.31 Book Value$72.16 per share Price / Book0.64Miscellaneous Outstanding Shares13,720,000Free Float13,592,000Market Cap$630.71 million OptionableOptionable Beta2.40 Social Links Key ExecutivesKevin Arthur NeveuPresident, Chief Executive Officer & DirectorCarey T. FordChief Financial Officer & Senior Vice PresidentShuja U. GorayaChief Technology OfficerVeronica H. FoleyGeneral Counsel, Chief Legal & Compliance OfficerDarren J. RuhrChief Administration OfficerKey CompetitorsNabors IndustriesNYSE:NBRBorr DrillingNYSE:BORRHighPeak EnergyNASDAQ:HPKPatterson-UTI EnergyNASDAQ:PTENNatural Resource PartnersNYSE:NRPView All CompetitorsInstitutional OwnershipAmeriprise Financial Inc.Bought 6,700 shares on 5/22/2023Ownership: 0.134%JPMorgan Chase & Co.Sold 33,111 shares on 5/18/2023Ownership: 0.049%Hotchkis & Wiley Capital Management LLCBought 27,620 shares on 5/16/2023Ownership: 0.914%SIG North Trading ULCBought 33,200 shares on 5/16/2023Ownership: 0.000%Jane Street Group LLCBought 8,294 shares on 5/16/2023Ownership: 0.060%View All Institutional Transactions 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Precision Drilling Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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