S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)

Precision Drilling - PDS Stock Forecast, Price & News

$66.14
+0.53 (+0.81%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$65.85
$67.82
50-Day Range
$50.09
$85.20
52-Week Range
$28.00
$87.19
Volume
54,270 shs
Average Volume
78,527 shs
Market Capitalization
$898.51 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$118.20

Precision Drilling MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.90 Rating Score
Upside/​Downside
78.7% Upside
$118.20 Price Target
Short Interest
Healthy
2.25% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.00) to $10.30 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.27 out of 5 stars

Oils/Energy Sector

123rd out of 257 stocks

Drilling Oil & Gas Wells Industry

4th out of 9 stocks

PDS stock logo

About Precision Drilling (NYSE:PDS) Stock

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.

Precision Drilling Price Performance

Shares of NYSE:PDS opened at $65.61 on Tuesday. Precision Drilling has a 12-month low of $28.00 and a 12-month high of $87.19. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.39 and a quick ratio of 1.30. The company's fifty day moving average is $63.84 and its two-hundred day moving average is $65.42.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Raymond James upgraded Precision Drilling from an "outperform" rating to a "strong-buy" rating in a report on Tuesday, May 17th. Piper Sandler lifted their price target on Precision Drilling from $110.00 to $125.00 and gave the company an "overweight" rating in a research report on Wednesday, June 1st. Stifel Nicolaus boosted their price objective on Precision Drilling from C$145.00 to C$150.00 in a research report on Thursday, July 28th. BMO Capital Markets boosted their price objective on Precision Drilling from C$130.00 to C$140.00 in a research note on Thursday, July 28th. Finally, TD Securities upped their price target on Precision Drilling from C$130.00 to C$135.00 in a report on Thursday, July 28th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Precision Drilling currently has an average rating of "Moderate Buy" and a consensus target price of $112.00.

Receive PDS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Precision Drilling and its competitors with MarketBeat's FREE daily newsletter.

PDS Stock News Headlines

Analysts Set Precision Drilling Co. (NYSE:PDS) PT at $109.89
Precision Drilling (NYSE:PDS) Shares Gap Down to $59.59
Are Oilfield Service Companies A Buy?
PDS Apr 2022 70.000 call
Precision Drilling Q4 Loss Narrows - Quick Facts
Precision Drilling Q4 2021 Earnings Preview
See More Headlines
Receive PDS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Precision Drilling and its competitors with MarketBeat's FREE daily newsletter.

PDS Company Calendar

Last Earnings
10/20/2021
Today
8/17/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$118.20
High Stock Price Forecast
$150.00
Low Stock Price Forecast
$70.00
Forecasted Upside/Downside
+78.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.90
Research Coverage
10 Analysts

Profitability

Net Income
$-141,540,000.00
Pretax Margin
-10.72%

Debt

Sales & Book Value

Annual Sales
$787.34 million
Cash Flow
$6.18 per share
Book Value
$73.50 per share

Miscellaneous

Free Float
13,456,000
Market Cap
$898.51 million
Optionable
Optionable
Beta
2.40

Social Links


Key Executives

  • Mr. Kevin A. Neveu B.Sc (Age 61)
    B.Sc., P.Eng, Pres, CEO & Director
    Comp: $1.2M
  • 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 (Age 48)
    Chief Marketing Officer
    Comp: $597.48k
  • Mr. John Blair Goertzen (Age 63)
    Exec. Vice-Pres and Chief Operating Officer
  • 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













PDS Stock - Frequently Asked Questions

Should I buy or sell Precision Drilling stock right now?

10 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, 7 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.
View PDS analyst ratings
or view top-rated stocks.

What is Precision Drilling's stock price forecast for 2022?

10 Wall Street analysts have issued 1-year price objectives for Precision Drilling's stock. Their PDS share price forecasts range from $70.00 to $150.00. On average, they expect the company's stock price to reach $118.20 in the next twelve months. This suggests a possible upside of 78.7% from the stock's current price.
View analysts price targets for PDS
or view top-rated stocks among Wall Street analysts.

How have PDS shares performed in 2022?

Precision Drilling's stock was trading at $35.43 on January 1st, 2022. Since then, PDS stock has increased by 86.7% and is now trading at $66.14.
View the best growth stocks for 2022 here
.

Are investors shorting Precision Drilling?

Precision Drilling saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 356,000 shares, an increase of 24.6% from the June 15th total of 285,800 shares. Based on an average daily trading volume, of 78,000 shares, the days-to-cover ratio is presently 4.6 days. Currently, 2.7% of the company's shares are sold short.
View Precision Drilling's Short Interest
.

When is Precision Drilling's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our PDS earnings forecast
.

How were Precision Drilling's earnings last quarter?

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 had revenue of $253.80 million for the quarter, compared to analyst estimates of $277.66 million. Precision Drilling had a negative net margin of 10.92% and a negative trailing twelve-month return on equity of 11.02%. The firm's revenue was up 54.0% on a year-over-year basis. During the same period in the previous year, the business earned ($1.60) EPS.

When did Precision Drilling's stock split?

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.

What is Kevin A. Neveu's approval rating as Precision Drilling's CEO?

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.

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), 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 FMR LLC (7.51%), Encompass Capital Advisors LLC (4.43%), Connor Clark & Lunn Investment Management Ltd. (2.28%), Driehaus Capital Management LLC (2.23%), TD Asset Management Inc. (1.22%) and PCJ Investment Counsel Ltd. (1.20%).

How do I buy shares of Precision Drilling?

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.
Compare Top Brokerages Here.

What is Precision Drilling's stock price today?

One share of PDS stock can currently be purchased for approximately $66.14.

How much money does Precision Drilling make?

Precision Drilling (NYSE:PDS) has a market capitalization of $898.51 million and generates $787.34 million in revenue each year. The oil and gas company earns $-141,540,000.00 in net income (profit) each year or ($7.89) on an earnings per share basis.

How many employees does Precision Drilling have?

The company 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.
Read More
When was Precision Drilling founded?

Precision Drilling was founded in 1951.

How can I contact Precision Drilling?

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.

This page (NYSE:PDS) was last updated on 8/17/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.