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NYSE:PDSPrecision Drilling Stock Price, Forecast & News

$0.34
-0.01 (-2.43 %)
(As of 04/3/2020 04:00 PM ET)
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Today's Range
$0.32
Now: $0.34
$0.40
50-Day Range
$0.29
MA: $0.82
$1.48
52-Week Range
$0.27
Now: $0.34
$3.01
Volume1.46 million shs
Average Volume1.57 million shs
Market Capitalization$95.16 million
P/E Ratio34.49
Dividend YieldN/A
Beta2.73
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: 4.2Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.60 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$0.88 per share
Book Value$4.15 per share

Profitability

Net Income$4.99 million

Miscellaneous

Employees5,471
Market Cap$95.16 million
Next Earnings Date4/23/2020 (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 Coronavirus reached pandemic status according to the World Health Organization. Since then, PDS shares have decreased by 29.6% and is now trading at $0.3449. View which stocks have been mosted impacted by Coronavirus.

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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last year. There are currently 2 sell ratings, 5 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, April 23rd 2020. View our earnings forecast for Precision Drilling.

How were Precision Drilling's earnings last quarter?

Precision Drilling Corp (NYSE:PDS) released its quarterly earnings results on Thursday, February, 13th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.04) by $0.08. The oil and gas company earned $282.08 million during the quarter, compared to analysts' expectations of $273.82 million. Precision Drilling had a negative return on equity of 0.06% and a net margin of 0.43%. View Precision Drilling's earnings history.

What price target have analysts set for PDS?

13 equities research analysts have issued 12 month price objectives for Precision Drilling's shares. Their forecasts range from $1.00 to $3.00. On average, they expect Precision Drilling's share price to reach $1.72 in the next year. This suggests a possible upside of 399.1% from the stock's current price. View analysts' price targets for Precision Drilling.

Has Precision Drilling been receiving favorable news coverage?

Media headlines about PDS stock have trended very negative this week, according to InfoTrie. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Precision Drilling earned a news impact score of -3.3 on InfoTrie's scale. They also gave media stories about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutPrecision Drilling.

Are investors shorting Precision Drilling?

Precision Drilling saw a increase in short interest in March. As of March 13th, there was short interest totaling 8,642,000 shares, an increase of 22.9% from the February 27th total of 7,030,000 shares. Based on an average trading volume of 896,500 shares, the days-to-cover ratio is presently 9.6 days. Currently, 3.1% of the shares of the stock are short sold. 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), Approach Resources (AREX), Chipotle Mexican Grill (CMG), Primo Water (PRMW), American Airlines Group (AAL), Hudson Technologies (HDSN), Apache (APA) 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."

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 $0.34.

How big of a company is Precision Drilling?

Precision Drilling has a market capitalization of $95.16 million and generates $1.05 billion in revenue each year. Precision Drilling employs 5,471 workers across the globe. View additional information about Precision Drilling.

What is Precision Drilling's official website?

The official website for Precision Drilling is http://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 4/4/2020 by MarketBeat.com Staff

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