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Nobel Prize Winner's Premonition About Nuclear Energy Comes True (Ad)
Is It Time To Throw In The Towel On Gamestop?
Closing prices for crude oil, gold and other commodities
S&P 500   3,963.51
DOW   33,781.48
QQQ   283.85
101 Christmas Gift Ideas Under $40
Nobel Prize Winner's Premonition About Nuclear Energy Comes True (Ad)
This Is Why Daktronics Fell 40% In One Day 
Can Pfizer, Johnson & Johnson Continue Outperforming the Index?
Nobel Prize Winner's Premonition About Nuclear Energy Comes True (Ad)
On the money: Yellen's next milestone is name on US currency
Biden releasing nearly $36B to aid pensions of union workers
Nobel Prize Winner's Premonition About Nuclear Energy Comes True (Ad)
Is It Time To Throw In The Towel On Gamestop?
Closing prices for crude oil, gold and other commodities
S&P 500   3,963.51
DOW   33,781.48
QQQ   283.85
101 Christmas Gift Ideas Under $40
Nobel Prize Winner's Premonition About Nuclear Energy Comes True (Ad)
This Is Why Daktronics Fell 40% In One Day 
Can Pfizer, Johnson & Johnson Continue Outperforming the Index?
Nobel Prize Winner's Premonition About Nuclear Energy Comes True (Ad)
On the money: Yellen's next milestone is name on US currency
Biden releasing nearly $36B to aid pensions of union workers
Nobel Prize Winner's Premonition About Nuclear Energy Comes True (Ad)
Is It Time To Throw In The Towel On Gamestop?
Closing prices for crude oil, gold and other commodities
S&P 500   3,963.51
DOW   33,781.48
QQQ   283.85
101 Christmas Gift Ideas Under $40
Nobel Prize Winner's Premonition About Nuclear Energy Comes True (Ad)
This Is Why Daktronics Fell 40% In One Day 
Can Pfizer, Johnson & Johnson Continue Outperforming the Index?
Nobel Prize Winner's Premonition About Nuclear Energy Comes True (Ad)
On the money: Yellen's next milestone is name on US currency
Biden releasing nearly $36B to aid pensions of union workers
Nobel Prize Winner's Premonition About Nuclear Energy Comes True (Ad)
Is It Time To Throw In The Towel On Gamestop?
Closing prices for crude oil, gold and other commodities
NYSE:PDS

Precision Drilling - PDS Stock Forecast, Price & News

$73.31
-0.43 (-0.58%)
(As of 12/8/2022 12:00 AM ET)
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Compare
Today's Range
$72.75
$75.76
50-Day Range
$50.63
$83.75
52-Week Range
$29.26
$87.36
Volume
28,497 shs
Average Volume
53,679 shs
Market Capitalization
$991.15 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$126.11

Precision Drilling MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
72.0% Upside
$126.11 Price Target
Short Interest
Healthy
1.54% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
3,505.88%
From $0.34 to $12.26 Per Share

Overall MarketRank

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

2.21 out of 5 stars

Oils/Energy Sector

160th out of 249 stocks

Drilling Oil & Gas Wells Industry

5th out of 8 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.

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PDS Stock News Headlines

Recap: Precision Drilling Q3 Earnings
PDS Precision Drilling Corporation
Is Nabors Industries (NBR) Stock Undervalued Right Now?
Are Oilfield Service Companies A Buy?
PDS Apr 2022 70.000 call
See More Headlines
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PDS Company Calendar

Last Earnings
10/27/2022
Today
12/09/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/09/2023

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
$126.11
High Stock Price Forecast
$165.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+72.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-141,540,000.00
Pretax Margin
-3.87%

Debt

Sales & Book Value

Annual Sales
$787.34 million
Cash Flow
$6.26 per share
Book Value
$73.50 per share

Miscellaneous

Free Float
13,388,000
Market Cap
$991.15 million
Optionable
Optionable
Beta
2.48

Social Links


Key Executives

  • Mr. Kevin A. Neveu B.Sc (Age 61)
    B.Sc., P.Eng, Pres, CEO & Director
    Comp: $1.12M
  • 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: $557.42k
  • 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?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last year. There are currently 1 hold rating, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street 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 2023?

3 brokerages have issued twelve-month price targets for Precision Drilling's shares. Their PDS share price forecasts range from $80.00 to $165.00. On average, they predict the company's share price to reach $126.11 in the next year. This suggests a possible upside of 72.0% 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 106.9% and is now trading at $73.31.
View the best growth stocks for 2022 here
.

When is Precision Drilling's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our PDS earnings forecast
.

How were Precision Drilling's earnings last quarter?

Precision Drilling Co. (NYSE:PDS) issued its earnings results on Thursday, October, 27th. The oil and gas company reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.52. The oil and gas company earned $329.14 million during the quarter, compared to analyst estimates of $308.44 million. Precision Drilling had a negative trailing twelve-month return on equity of 5.50% and a negative net margin of 4.75%.

When did Precision Drilling's stock split?

Precision Drilling shares reverse split before market open 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 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), 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 shareholders include Encompass Capital Advisors LLC (4.46%), Bank of Montreal Can (2.48%), Connor Clark & Lunn Investment Management Ltd. (2.30%), Two Sigma Advisers LP (1.13%), TD Asset Management Inc. (1.03%) and Two Sigma Investments LP (0.71%).

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 $73.31.

How much money does Precision Drilling make?

Precision Drilling (NYSE:PDS) has a market capitalization of $991.15 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 ($4.06) 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
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 12/9/2022 by MarketBeat.com Staff