About Precision Drilling Corporation (NYSE:PDS)
Precision Drilling Corporation (Precision) is an oilfield services company. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment operates its rigs in Canada, the United States and internationally. The Completion and Production Services segment provides completion and workover services and ancillary services to oil and natural gas exploration and production companies in Canada and the United States. As of December 31, 2016, the Contract Drilling Services segment consisted of 255 land drilling rigs, including 135 in Canada, 103 in the United States, five in Mexico, four in Saudi Arabia, five in Kuwait, two in the Kurdistan region of Iraq and one in the country of Georgia.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Drilling
- Sub-Industry: N/A
- Symbol: NYSE:PDS
- CUSIP: N/A
- Web: www.precisiondrilling.com
- Market Cap: $715.5 million
- Outstanding Shares: 293,238,000
- 50 Day Moving Avg: $2.80
- 200 Day Moving Avg: $3.30
- 52 Week Range: $2.38 - $6.25
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -9.76
- P/E Growth: 0.40
- Annual Revenue: $910.75 million
- Price / Sales: 0.79
- Book Value: $5.31 per share
- Price / Book: 0.46
- EBITDA: $202.95 million
- Net Margins: -12.38%
- Return on Equity: -7.10%
- Return on Assets: -3.22%
- Debt-to-Equity Ratio: 0.97%
- Current Ratio: 2.21%
- Quick Ratio: 2.08%
- Average Volume: 2.89 million shs.
- Beta: 1.8
- Short Ratio: 6.2
Frequently Asked Questions for Precision Drilling Corporation (NYSE:PDS)
What is Precision Drilling Corporation's stock symbol?
Precision Drilling Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "PDS."
How were Precision Drilling Corporation's earnings last quarter?
Precision Drilling Corporation (NYSE:PDS) released its quarterly earnings results on Monday, July, 31st. The company reported ($0.09) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.16) by $0.07. The business had revenue of $275.52 million for the quarter, compared to the consensus estimate of $271.33 million. Precision Drilling Corporation had a negative net margin of 12.38% and a negative return on equity of 7.10%. Precision Drilling Corporation's revenue was up 68.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.20) earnings per share. View Precision Drilling Corporation's Earnings History.
When will Precision Drilling Corporation make its next earnings announcement?
Where is Precision Drilling Corporation's stock going? Where will Precision Drilling Corporation's stock price be in 2017?
15 analysts have issued 1 year target prices for Precision Drilling Corporation's stock. Their forecasts range from $4.00 to $8.00. On average, they anticipate Precision Drilling Corporation's share price to reach $5.58 in the next twelve months. View Analyst Ratings for Precision Drilling Corporation.
Are investors shorting Precision Drilling Corporation?
Precision Drilling Corporation saw a decline in short interest in the month of September. As of September 15th, there was short interest totalling 12,638,122 shares, a decline of 24.6% from the August 31st total of 16,751,028 shares. Based on an average trading volume of 3,851,970 shares, the short-interest ratio is presently 3.3 days. Approximately 4.3% of the company's stock are sold short.
Who are some of Precision Drilling Corporation's key competitors?
Some companies that are related to Precision Drilling Corporation include Ngl Energy Partners Lp (NGL), Superior Energy Services (SPN), Carrizo Oil & Gas (CRZO), Wildhorse Resource Development Corporation (WRD), SolarEdge Technologies (SEDG), Tidewater (TDW), Enbridge Energy Management LLC (EEQ), Oil States International (OIS), Helix Energy Solutions Group (HLX), USA Compression Partners, LP (USAC), Cone Midstream Partners LP (CNNX), American Midstream Partners, LP (AMID), Unit Corporation (UNT), Archrock Partners, L.P. (APLP), Halcon Resources Corporation (HK), Par Pacific Holdings (PARR), SunPower Corporation (SPWR) and Noble Corporation (NE).
Who are Precision Drilling Corporation's key executives?
Precision Drilling Corporation's management team includes the folowing people:
- Steven Wayne Krablin, Independent Chairman of the Board
- Kevin A. Neveu, President, Chief Executive Officer, Non-Independent Director
- Carey T. Ford, Chief Financial Officer, Senior Vice President
- Gene C. Stahl, President - Drilling Operations
- Veronica H. Foley, Senior Vice President, General Counsel, Corporate Secretary
- Douglas B. Evasiuk, Senior Vice President - Sales and Marketing, North America
- Darren J. Ruhr, Senior Vice President - Corporate Services
- Susan M. MacKenzie, Director
- William T. Donovan, Independent Director
- Brian J. Gibson, Independent Director
Who owns Precision Drilling Corporation stock?
Who bought Precision Drilling Corporation stock? Who is buying Precision Drilling Corporation stock?
How do I buy Precision Drilling Corporation stock?
Shares of Precision Drilling Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Precision Drilling Corporation's stock price today?
MarketBeat Community Rating for Precision Drilling Corporation (NYSE PDS)MarketBeat's community ratings are surveys of what our community members think about Precision Drilling Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Precision Drilling Corporation stock can currently be purchased for approximately $2.44.
Consensus Ratings for Precision Drilling Corporation (NYSE:PDS) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||7 Hold Ratings, 7 Buy Ratings, 1 Strong Buy Rating|
|Consensus Rating:||Buy (Score: 2.60)|
|Consensus Price Target: ||$5.58 (128.69% upside)|Consensus Price Target History for Precision Drilling Corporation (NYSE:PDS)
Analysts' Ratings History for Precision Drilling Corporation (NYSE:PDS)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/18/2017||Cowen and Company||Set Price Target||Buy||$5.00||N/A|
|10/10/2017||Deutsche Bank AG||Initiated Coverage||Hold||$4.00||N/A|
|10/6/2017||Royal Bank Of Canada||Reiterated Rating||Outperform||$7.00 -> $6.00||N/A|
|9/18/2017||Piper Jaffray Companies||Upgrade||Neutral -> Overweight||$3.60 -> $4.25||Low|
|9/12/2017||J P Morgan Chase & Co||Downgrade||Overweight -> Neutral||Medium|
|9/11/2017||TD Securities||Initiated Coverage||Buy||High|
|8/2/2017||Jefferies Group LLC||Reiterated Rating||Buy||$6.00 -> $4.50||Low|
|7/6/2017||Raymond James Financial, Inc.||Upgrade||Outperform -> Strong-Buy||High|
|6/21/2017||Morgan Stanley||Downgrade||Overweight -> Equal Weight||$9.00 -> $4.50||High|
|6/6/2017||Wolfe Research||Downgrade||Outperform -> Market Perform||High|
|4/26/2017||Citigroup Inc.||Reiterated Rating||Outperform||Medium|
|2/22/2017||Scotiabank||Upgrade||Underperform -> Sector Perform||N/A|
|1/4/2017||Credit Suisse Group||Upgrade||Underperform -> Neutral||$4.25 -> $6.00||N/A|
|11/29/2016||Tudor Pickering||Upgrade||Hold -> Buy||N/A|
|10/24/2016||Canaccord Genuity||Reiterated Rating||Hold||$6.75 -> $7.25||N/A|
|9/15/2016||DA Davidson||Initiated Coverage||Buy||N/A|
|4/15/2016||Clarkson Capital||Reiterated Rating||Buy||N/A|
|2/14/2016||Evercore ISI||Reiterated Rating||Buy||$7.00 -> $6.00||N/A|
|2/14/2016||BMO Capital Markets||Reiterated Rating||Outperform||$5.00||N/A|
|10/26/2015||Simmons||Downgrade||Overweight -> Neutral||N/A|
Earnings History for Precision Drilling Corporation (NYSE:PDS)Earnings History by Quarter for Precision Drilling Corporation (NYSE PDS)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/31/2017||6/30/2017||($0.16)||($0.09)||$271.33 million||$275.52 million||View||N/A|
|4/24/2017||3/31/2017||($0.11)||($0.06)||$345.06 million||$346.80 million||View||N/A|
|2/9/2017||Q416||($0.12)||($0.10)||$196.97 million||$284.00 million||View||Listen|
|7/21/2016||Q216||($0.24)||($0.20)||$172.98 million||$164.00 million||View||N/A|
|4/25/2016||Q116||($0.16)||($0.07)||$295.78 million||$302.00 million||View||N/A|
|2/11/2016||Q415||($0.14)||($0.93)||$332.10 million||$345.00 million||View||N/A|
|10/22/2015||Q315||($0.09)||($0.06)||$399.74 million||$364.00 million||View||Listen|
|7/23/2015||Q215||($0.14)||($0.10)||$328.30 million||$334.00 million||View||Listen|
|4/27/2015||Q115||$0.02||$0.08||$507.80 million||$512.00 million||View||N/A|
|2/12/2015||Q414||$0.24||($0.39)||$652.78 million||$619.00 million||View||N/A|
|10/27/2014||Q314||$0.17||$0.16||$590.58 million||$584.60 million||View||Listen|
|7/24/2014||Q214||($0.01)||($0.02)||$428.61 million||$475.00 million||View||N/A|
|4/28/2014||Q114||$0.36||$0.35||$666.75 million||$672.00 million||View||N/A|
|2/19/2014||Q413||$0.30||$0.24||$558.75 billion||$567.00 billion||View||N/A|
|10/24/2013||Q313||$0.17||$0.10||$508.26 million||$488.45 million||View||N/A|
|7/25/2013||Q213||($0.01)||$0.05||$361.67 million||$379.00 million||View||N/A|
|4/25/2013||Q113||$0.30||$0.33||$591.31 million||$596.00 million||View||N/A|
|2/14/2013||Q412||$0.07||$0.26||$488.75 million||$534.00 million||View||N/A|
|10/25/2012||Q312||$0.19||$0.14||$476.49 million||$48.74 million||View||N/A|
Earnings Estimates for Precision Drilling Corporation (NYSE:PDS)
2017 EPS Consensus Estimate: ($0.49)
2018 EPS Consensus Estimate: ($0.20)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Precision Drilling Corporation (NYSE:PDS)
|Most Recent Dividend:||11/18/2015|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||0.00% (Trailing 12 Months of Earnings) |
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
Dividend History by Quarter for Precision Drilling Corporation (NYSE PDS)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Precision Drilling Corporation (NYSE:PDS)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Precision Drilling Corporation (NYSE:PDS)
Latest Headlines for Precision Drilling Corporation (NYSE:PDS)
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Precision Drilling Corporation (PDS) Chart for Monday, October, 23, 2017