Log in

NYSE:PDSPrecision Drilling Stock Price, Forecast & News

$0.73
+0.08 (+12.23 %)
(As of 06/4/2020 04:00 PM ET)
Add
Compare
Today's Range
$0.65
Now: $0.73
$0.74
50-Day Range
$0.29
MA: $0.48
$0.58
52-Week Range
$0.27
Now: $0.73
$2.08
Volume2.30 million shs
Average Volume788,179 shs
Market Capitalization$202.52 million
P/E RatioN/A
Dividend YieldN/A
Beta3.19
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.
Read More
Precision Drilling logo

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
CUSIPN/A
Phone403-716-4500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.05 billion
Cash Flow$1.02 per share
Book Value$4.15 per share

Profitability

Net Income$4.99 million

Miscellaneous

Employees5,471
Market Cap$202.52 million
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

Receive PDS News and Ratings via Email

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

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 stock has increased by 33.6% and is now trading at $0.6545. 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 quarterly earnings results on Thursday, October, 24th. The oil and gas company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. The oil and gas company had revenue of $284.47 million for the quarter, compared to analyst estimates of $288.55 million. Precision Drilling had a negative return on equity of 0.47% and a negative net margin of 1.59%. The firm's revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.10) EPS. View Precision Drilling's earnings history.

What price target have analysts set for PDS?

14 brokerages have issued 1 year target prices for Precision Drilling's shares. Their forecasts range from $0.60 to $3.00. On average, they expect Precision Drilling's share price to reach $1.58 in the next twelve months. This suggests a possible upside of 141.6% from the stock's current price. View analysts' price targets for Precision Drilling.

Has Precision Drilling been receiving favorable news coverage?

News coverage about PDS stock has been trending somewhat negative recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Precision Drilling earned a daily sentiment score of -1.9 on InfoTrie's scale. They also assigned media coverage about the oil and gas company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutPrecision Drilling.

Are investors shorting Precision Drilling?

Precision Drilling saw a increase in short interest in 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 daily trading volume, of 1,440,000 shares, the days-to-cover ratio is presently 5.9 days. Currently, 3.1% of the company's shares 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 $0.65.

How big of a company is Precision Drilling?

Precision Drilling has a market capitalization of $180.58 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 6/5/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.