Precision Drilling - PDS Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last twelve months. There are currently 2 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PDS shares.
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5 brokerages have issued 1 year price objectives for Precision Drilling's stock. Their PDS share price forecasts range from $100.00 to $165.00. On average, they anticipate the company's stock price to reach $138.75 in the next twelve months. This suggests a possible upside of 201.5% from the stock's current price.
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Precision Drilling's stock was trading at $76.70 on January 1st, 2023. Since then, PDS shares have decreased by 40.0% and is now trading at $46.02.
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Precision Drilling saw a drop in short interest in February. As of February 28th, there was short interest totaling 392,500 shares, a drop of 12.7% from the February 13th total of 449,700 shares. Based on an average daily trading volume, of 64,700 shares, the short-interest ratio is currently 6.1 days. Currently, 3.0% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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Precision Drilling Co. (NYSE:PDS) released its earnings results on Wednesday, October, 20th. The oil and gas company reported ($2.88) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.32) by $1.56. The oil and gas company earned $253.80 million during the quarter, compared to analyst estimates of $277.66 million. Precision Drilling had a negative trailing twelve-month return on equity of 2.96% and a negative net margin of 2.25%. 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 business earned ($1.60) earnings per share.

Precision Drilling shares 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 closing bell 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), Primo Water (PRMW), 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 many different institutional and retail investors. Top institutional investors include Encompass Capital Advisors LLC (4.42%), National Bank of Canada FI (4.04%), Connor Clark & Lunn Investment Management Ltd. (3.20%), Driehaus Capital Management LLC (3.18%), Bank of Montreal Can (2.56%) and Arrowstreet Capital Limited Partnership (1.59%).

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 $46.02.

Precision Drilling (NYSE:PDS) has a market capitalization of $624.03 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 ($2.23) 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.