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S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
NYSE:PDS

Precision Drilling (PDS) Stock Forecast, Price & News

$77.61
-0.31 (-0.40%)
(As of 05/27/2022 12:00 AM ET)
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Today's Range
$77.06
$78.86
50-Day Range
$60.79
$83.53
52-Week Range
$28.00
$85.29
Volume
48,079 shs
Average Volume
81,924 shs
Market Capitalization
$1.06 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
2.5
30 days | 90 days | 365 days | Advanced Chart
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Precision Drilling logo

About Precision Drilling

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's 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, 2021, it operated 227 land drilling rigs, including 109 in Canada; 105 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, 2021, this segment also operated 47 AlphaTM rigs with commercial AlphaAutomation; 18 AlphaApps; 4 grid power capable rigs; and 60 natural gas or bi-fuel rigs. 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, 2021, it operated 123 well completion and workover service rigs, including 113 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; 109 wellsite accommodation units; 943 drill camp beds; 822 base camp beds; and three kitchen diners in Canada. Precision Drilling Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.

Headlines

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Industry, Sector and Symbol

Industry
Drilling oil & gas wells
Sub-Industry
N/A
Employees
3,350
Year Founded
1951

Sales & Book Value

Annual Sales
$787.34 million
Cash Flow
$6.53 per share
Book Value
$69.34 per share

Profitability

Net Income
$-141.54 million
Pretax Margin
-17.11%

Debt

Price-To-Earnings

Miscellaneous

Free Float
13,461,000
Market Cap
$1.06 billion
Optionable
Optionable

Company Calendar

Last Earnings
4/28/2022
Today
5/28/2022
Next Earnings (Estimated)
7/28/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

1.89 out of 5 stars

Oils/Energy Sector

179th out of 386 stocks

Drilling Oil & Gas Wells Industry

4th out of 17 stocks

Analyst Opinion: 3.5Community Rank: 4.5Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -













Precision Drilling (NYSE:PDS) Frequently Asked Questions

Is Precision Drilling a buy right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last twelve months. There are currently 2 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Precision Drilling stock.
View analyst ratings for Precision Drilling
or view top-rated stocks.

Are investors shorting Precision Drilling?

Precision Drilling saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 200,400 shares, a drop of 16.6% from the April 15th total of 240,400 shares. Based on an average daily trading volume, of 91,300 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.5% of the shares of the stock are sold short.
View Precision Drilling's Short Interest
.

When is Precision Drilling's next earnings date?

Precision Drilling is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
View our earnings forecast for Precision Drilling
.

How were Precision Drilling's earnings last quarter?

Precision Drilling Co. (NYSE:PDS) issued its quarterly earnings data on Thursday, April, 28th. The oil and gas company reported ($2.57) earnings per share for the quarter, missing the consensus estimate of ($0.80) by $1.77. The oil and gas company had revenue of $351 million for the quarter, compared to the consensus estimate of $329.17 million. Precision Drilling had a negative trailing twelve-month return on equity of 14.98% and a negative net margin of 16.91%. The firm's revenue for the quarter was up 48.4% on a year-over-year basis. During the same period in the previous year, the business earned ($2.13) earnings per share.
View Precision Drilling's earnings history
.

When did Precision Drilling's stock split? How did Precision Drilling's stock split work?

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 Precision Drilling stock prior to the reverse split would have 5 shares after the split.

What price target have analysts set for PDS?

10 analysts have issued 12 month price objectives for Precision Drilling's shares. Their forecasts range from $33.99 to $147.00. On average, they anticipate Precision Drilling's share price to reach $102.09 in the next year. This suggests a possible upside of 31.5% from the stock's current price.
View analysts' price targets for Precision Drilling
or view top-rated stocks among Wall Street analysts.

Who are Precision Drilling's key executives?
Precision Drilling's management team includes the following people:
  • Mr. Kevin A. Neveu B.Sc, B.Sc., P.Eng, Pres, CEO & Director (Age 61, Pay $1.18M)
  • Mr. Carey Thomas Ford C.F.A., Sr. VP & CFO
  • Mr. Darren J. Ruhr, Chief Admin. Officer
  • Ms. Veronica H. Foley, Chief Legal and Compliance Officer
  • Mr. Gene C. Stahl, Chief Marketing Officer (Age 48, Pay $589.68k)
  • Mr. John Blair Goertzen, Exec. Vice-Pres and Chief Operating Officer (Age 63)
  • Mr. Shuja U. Goraya, Chief Technology Officer
  • Dustin Honing, Mang. of Investor Relations & Corp. Devel.
  • Mr. Roland H. Marks, Sr. VP of International Drilling Operations
  • Mr. Grant Hunter, Sr. VP of North American Drilling Operation
What is Kevin A. Neveu's approval rating as Precision Drilling's CEO?

65 employees have rated Precision Drilling CEO Kevin A. Neveu on Glassdoor.com. Kevin A. Neveu has an approval rating of 52% among Precision Drilling'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), Primo Water (PRMW), APA (APA), 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 investors include Acadian Asset Management LLC (4.04%), Connor Clark & Lunn Investment Management Ltd. (3.44%), Polar Asset Management Partners Inc. (3.18%), PCJ Investment Counsel Ltd. (1.50%), TD Asset Management Inc. (1.44%) and Letko Brosseau & Associates Inc. (0.82%).

Which major investors are selling Precision Drilling stock?

PDS stock was sold by a variety of institutional investors in the last quarter, including Polar Asset Management Partners Inc., PCJ Investment Counsel Ltd., Arrowstreet Capital Limited Partnership, Letko Brosseau & Associates Inc., Greatmark Investment Partners Inc., SG Capital Management LLC, Prelude Capital Management LLC, and Guardian Capital Advisors LP.

Which major investors are buying Precision Drilling stock?

PDS stock was acquired by a variety of institutional investors in the last quarter, including Connor Clark & Lunn Investment Management Ltd., Barometer Capital Management Inc., BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, TD Asset Management Inc., Toronto Dominion Bank, Dimensional Fund Advisors LP, Renaissance Technologies LLC, and EAM Investors LLC.

How do I buy shares of Precision Drilling?

Shares of PDS 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 $77.61.

How much money does Precision Drilling make?

Precision Drilling has a market capitalization of $1.06 billion and generates $787.34 million in revenue each year. The oil and gas company earns $-141.54 million in net income (profit) each year or ($11.12) on an earnings per share basis.

How many employees does Precision Drilling have?

Precision Drilling employs 3,350 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.

When was Precision Drilling founded?

Precision Drilling was founded in 1951.

What is Precision Drilling's official website?

The official website for Precision Drilling is www.precisiondrilling.com.

How can I contact Precision Drilling?

Precision Drilling's mailing address is 525 - 8 Avenue S.W. Suite 800, Calgary A0, T2P 1G1. The oil and gas company can be reached via phone at (403) 716-4500, via email at [email protected], or via fax at 403-264-0251.

This page was last updated on 5/29/2022 by MarketBeat.com Staff

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