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NYSE:PDSPrecision Drilling Stock Price, Forecast & News

$0.54
-0.02 (-3.59 %)
(As of 05/22/2020 04:00 PM ET)
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Today's Range
$0.52
Now: $0.54
$0.55
50-Day Range
$0.29
MA: $0.43
$0.58
52-Week Range
$0.27
Now: $0.54
$2.08
Volume377,183 shs
Average Volume1.49 million shs
Market Capitalization$148.19 million
P/E RatioN/A
Dividend YieldN/A
Beta3.23
Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related services and products. 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 drilling, directional drilling, and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture, sale, and repair of drilling equipment. As of December 31, 2018, this segment operated 236 land drilling rigs, including 117 in Canada; 102 in the United States; 5 in Kuwait; 5 in Mexico; 4 in Saudi Arabia; 2 in the Kurdistan region of Iraq; and 1 in the country of Georgia. The Completion and Production Services segment provides well completion, workover, abandonment, and re-entry preparation services, as well as snubbing units for pressure control services and equipment rentals to oil and natural gas exploration and production companies. It provides service rigs for well completion, workover, abandonment, and re-entry preparation services; snubbing units for pressure control services; camp and catering services; and wastewater treatment units. This segment also engages in the rental of oilfield surface equipment. This segment operated 198 well completion and workover service rigs, and 12 snubbing units in Canada and the United States; approximately 1,700 oilfield rental items, including surface storage, small-flow wastewater treatment, and power generation and solids control equipment; and 132 wellsite accommodation units in Canada. It also had 43 drilling camps and 4 base camps in Canada; and 10 large-flow wastewater treatment units, 22 pump houses, and 8 potable water production units in Canada. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.1Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.47 out of 5 stars


Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone403-716-4500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.05 billion
Cash Flow$0.91 per share
Book Value$4.21 per share

Profitability

Net Income$4.99 million

Miscellaneous

Employees5,471
Market Cap$148.19 million
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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Precision Drilling (NYSE:PDS) Frequently Asked Questions

How has Precision Drilling's stock been impacted by COVID-19 (Coronavirus)?

Precision Drilling's stock was trading at $0.49 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PDS shares have increased by 9.6% and is now trading at $0.5371. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Precision Drilling?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last year. There are currently 2 sell ratings, 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Precision Drilling.

When is Precision Drilling's next earnings date?

Precision Drilling is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Precision Drilling.

How were Precision Drilling's earnings last quarter?

Precision Drilling Corp (NYSE:PDS) announced its earnings results on Thursday, October, 24th. The oil and gas company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.03. The oil and gas company earned $284.47 million during the quarter, compared to analysts' expectations of $288.55 million. Precision Drilling had a negative net margin of 1.59% and a negative return on equity of 0.47%. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.10) EPS. View Precision Drilling's earnings history.

What price target have analysts set for PDS?

14 equities research analysts have issued 12-month target prices for Precision Drilling's shares. Their forecasts range from $0.30 to $3.00. On average, they expect Precision Drilling's share price to reach $1.54 in the next year. This suggests a possible upside of 187.4% from the stock's current price. View analysts' price targets for Precision Drilling.

Has Precision Drilling been receiving favorable news coverage?

Press coverage about PDS stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Precision Drilling earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave media headlines about the oil and gas company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news aboutPrecision Drilling.

Are investors shorting Precision Drilling?

Precision Drilling saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 8,490,000 shares, an increase of 11.0% from the April 30th total of 7,650,000 shares. Based on an average trading volume of 1,440,000 shares, the days-to-cover ratio is currently 5.9 days. Approximately 3.1% of the company's stock are sold short. View Precision Drilling's Current Options Chain.

Who are some of Precision Drilling's key competitors?

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), Apache (APA), Hudson Technologies (HDSN) and UMB Financial (UMBF).

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 58)
  • Mr. Carey Thomas Ford, Sr. VP & CFO
  • Mr. Shuja Goraya, Chief Technology Officer
  • Ms. Veronica H. Foley, Sr. VP, Gen. Counsel & Corp. Sec.
  • Mr. Gene C. Stahl, Pres of Drilling Operations (Age 45)

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 institutional and retail investors. Top institutional shareholders include AGF Investments Inc. (0.69%), Two Sigma Advisers LP (0.63%), Two Sigma Investments LP (0.54%), Acadian Asset Management LLC (0.51%), Morgan Stanley (0.38%) and Franklin Resources Inc. (0.36%).

Which major investors are selling Precision Drilling stock?

PDS stock was sold by a variety of institutional investors in the last quarter, including AGF Investments Inc., Connor Clark & Lunn Investment Management Ltd., CIBC World Markets Inc., Franklin Resources Inc., Morgan Stanley, Toronto Dominion Bank, and Legal & General Group Plc.

Which major investors are buying Precision Drilling stock?

PDS stock was purchased by a variety of institutional investors in the last quarter, including Two Sigma Advisers LP, Acadian Asset Management LLC, Two Sigma Investments LP, Guardian Capital Advisors LP, and UBS Group AG.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Precision Drilling's stock price today?

One share of PDS stock can currently be purchased for approximately $0.54.

How big of a company is Precision Drilling?

Precision Drilling has a market capitalization of $148.19 million and generates $1.05 billion in revenue each year. Precision Drilling employs 5,471 workers across the globe.

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 or via email at [email protected]

This page was last updated on 5/24/2020 by MarketBeat.com Staff

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