Precision Drilling (PDS) Stock Forecast, Price & News

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.

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

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.

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.

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.

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).

Precision Drilling trades on the New York Stock Exchange (NYSE) under the ticker symbol "PDS."

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%).

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.
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One share of PDS stock can currently be purchased for approximately $45.97.

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.

The company employs 4,802 workers across the globe.

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.