Should I buy or sell Precision Drilling stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last twelve months. There are currently 1 hold rating, 3 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 target for 2024?

5 brokerages have issued 12-month target prices for Precision Drilling's stock. Their PDS share price targets range from $20.00 to $81.00. On average, they predict the company's share price to reach $44.00 in the next year. This suggests that the stock has a possible downside of 36.2%. View analysts price targets for PDS or view top-rated stocks among Wall Street analysts .

How have PDS shares performed in 2024?

Precision Drilling's stock was trading at $54.29 on January 1st, 2024. Since then, PDS shares have increased by 27.0% and is now trading at $68.95. View the best growth stocks for 2024 here .

When is Precision Drilling's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our PDS earnings forecast .

How can I listen to Precision Drilling's earnings call?

Precision Drilling will be holding an earnings conference call on Thursday, April 25th at 2:00 PM Eastern. Interested parties can register for or listen to the call using this link .

How were Precision Drilling's earnings last quarter?

Precision Drilling Co. (NYSE:PDS) posted its quarterly earnings data on Tuesday, February, 6th. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $1.36. The oil and gas company earned $372.34 million during the quarter, compared to the consensus estimate of $355.78 million. Precision Drilling had a net margin of 14.87% and a trailing twelve-month return on equity of 14.81%.

Is Precision Drilling a good dividend stock?

Precision Drilling (NYSE:PDS) pays an annual dividend of ($100.00) per share and currently has a dividend yield of 0.00%. Read our dividend analysis for PDS .

When did Precision Drilling's stock split?

Precision Drilling's stock 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) , Hudson Technologies (HDSN) and UMB Financial (UMBF) .

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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

NYSE:PDS

Precision Drilling (PDS) Stock Price, News & Analysis

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Free PDS Stock Alerts

$68.95

-1.71 (-2.42%)

(As of 04/15/2024 ET)

Compare

Today's Range: $67.80
▼
$70.79
50-Day Range: $59.27
▼
$76.58
52-Week Range: $41.56
▼
$77.21

Volume: 103,753 shs
Average Volume: 84,438 shs
Market Capitalization: $998.33 million

P/E Ratio: 5.06
Dividend Yield: N/A
Price Target: $44.00

Get Precision Drilling alerts:

Precision Drilling MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 36.2% Downside
$44.00 Price Target
Short Interest: Bearish
2.53% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.12
Based on 11 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 41.64%
From $6.82 to $9.66 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.66 out of 5 stars

Oils/Energy Sector

191st out of 243 stocks

Drilling Oil & Gas Wells Industry

10th out of 12 stocks

1.5

Analyst's Opinion

Consensus Rating
Precision Drilling has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Precision Drilling has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.53% of the float of Precision Drilling has been sold short.
Short Interest Ratio / Days to Cover
Precision Drilling has a short interest ratio ("days to cover") of 4.2.
Change versus previous month
Short interest in Precision Drilling has recently increased by 1.01%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Precision Drilling does not currently pay a dividend.
Dividend Growth
Precision Drilling does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PDS.

2.3

News and Social Media Coverage

News Sentiment
Precision Drilling has a news sentiment score of 0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Precision Drilling this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for PDS on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
5 people have added Precision Drilling to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Precision Drilling insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.95% of the stock of Precision Drilling is held by insiders.
Percentage Held by Institutions
48.86% of the stock of Precision Drilling is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Precision Drilling are expected to grow by 41.64% in the coming year, from $6.82 to $9.66 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Precision Drilling is 5.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.20.
Price to Earnings Ratio vs. Sector
The P/E ratio of Precision Drilling is 5.06, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 19.57.
Price to Book Value per Share Ratio
Precision Drilling has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Precision Drilling Stock (NYSE:PDS)

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 through Contract Drilling Services and Completion and Production Services segments. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the geothermal, oil and natural gas industry. This segment offers services include land and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture and repair of drilling and service rig equipment. In addition, it operates land drilling rigs in Canada, the United States, and the Middle East, as well as operates AlphaAutomation, AlphaApps, and AlphaAnalytics data services. The company offers EverGreen suite of environmental solutions comprising EverGreenMonitoring, EverGreenEnergy, and EverGreen Fuel Cell. The Completion and Production Services segment provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. This segment operates well completion and workover service rigs in Canada and the United States. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.

PDS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PDS Stock News Headlines

April 14, 2024 | markets.businessinsider.com

Precision Drilling (PDS) Receives a Rating Update from a Top Analyst

April 11, 2024 | americanbankingnews.com

Precision Drilling (NYSE:PDS) Reaches New 1-Year High at $77.21

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April 11, 2024 | americanbankingnews.com

Precision Drilling (NYSE:PDS) Reaches New 52-Week High at $77.21

April 11, 2024 | americanbankingnews.com

Atb Cap Markets Brokers Cut Earnings Estimates for Precision Drilling Co. (NYSE:PDS)

April 9, 2024 | americanbankingnews.com

Precision Drilling Co. (NYSE:PDS) Receives Consensus Rating of "Buy" from Brokerages

April 3, 2024 | globenewswire.com

Precision Drilling Corporation Announces Filing of Management Information Circular, Virtual-Only Annual and Special Meeting of Shareholders, and 2023 ESG Performance Data

April 2, 2024 | globenewswire.com

Precision Drilling Corporation 2024 First Quarter Results Conference Call and Webcast

April 16, 2024 | Paradigm Press (Ad)

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March 14, 2024 | seekingalpha.com

Precision Drilling: The Seagulls Are Missing A Bet

March 13, 2024 | investorplace.com

The 3 Most Undervalued Small-Cap Stocks to Buy in March 2024

March 12, 2024 | bizjournals.com

Why you're seeing an expanded manufacturing firms list

March 4, 2024 | globenewswire.com

Precision Drilling Corporation Announces Filing of Annual Disclosure Documents

February 21, 2024 | finance.yahoo.com

With 56% institutional ownership, Precision Drilling Corporation (TSE:PD) is a favorite amongst the big guns

February 17, 2024 | ca.finance.yahoo.com

PDS Jun 2024 90.000 call

February 17, 2024 | finance.yahoo.com

PDS Mar 2024 55.000 call

February 14, 2024 | money.usnews.com

Precision Drilling Corp

February 8, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Precision Drilling on Strong Financial Performance and Shareholder Value Strategy

February 6, 2024 | msn.com

Precision Drilling's North American activity slows on weak natural gas prices

February 6, 2024 | finance.yahoo.com

Booz Allen Hamilton and Precision Drilling have been highlighted as Zacks Bull and Bear of the Day

January 25, 2024 | finance.yahoo.com

Are Robust Financials Driving The Recent Rally In Precision Drilling Corporation's (TSE:PD) Stock?

January 5, 2024 | finance.yahoo.com

Precision Drilling Meets 2023 Debt Repayment and Share Repurchase Targets and Provides Capital Allocation, Financial and Operational Updates

January 4, 2024 | finance.yahoo.com

Precision Drilling Corporation 2023 Fourth Quarter and Year-End Results Conference Call and Webcast

December 15, 2023 | benzinga.com

Precision Drilling Stock (NYSE:PDS), Short Interest Report

December 15, 2023 | morningstar.com

Precision Drilling Corp PDS

November 8, 2023 | finance.yahoo.com

CWC ENERGY SERVICES CORP. ANNOUNCES CLOSING OF ARRANGEMENT WITH PRECISION DRILLING CORPORATION

November 8, 2023 | finance.yahoo.com

Precision Drilling Completes Acquisition of CWC Energy Services Corp.

See More Headlines

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Company Calendar

Last Earnings: 2/06/2024
Today: 4/15/2024
Next Earnings (Confirmed): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Drilling oil & gas wells
Sub-Industry: N/A
Current Symbol: NYSE:PDS
CUSIP: N/A
CIK: 1013605
Web: www.precisiondrilling.com
Phone: (403) 716-4500
Fax: 403-264-0251
Employees: 5,560
Year Founded: 1951

Price Target and Rating

Average Stock Price Target: $44.00
High Stock Price Target: $81.00
Low Stock Price Target: $20.00
Potential Upside/Downside: -36.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $13.62
Trailing P/E Ratio: 5.06
Forward P/E Ratio: 10.11
P/E Growth: N/A
Net Income: $214.27 million
Net Margins: 14.87%
Pretax Margin: 13.72%
Return on Equity: 14.81%
Return on Assets: 7.30%

Debt

Debt-to-Equity Ratio: 0.58
Current Ratio: 1.40
Quick Ratio: 1.30

Sales & Book Value

Annual Sales: $1.94 billion
Price / Sales: 0.52
Cash Flow: $25.63 per share
Price / Cash Flow: 2.69
Book Value: $81.42 per share
Price / Book: 0.85

Miscellaneous

Outstanding Shares: 14,479,000
Free Float: 14,341,000
Market Cap: $998.33 million
Optionable: Optionable
Beta: 2.11

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Key Executives

Mr. Kevin A. Neveu B.Sc. (Age 63)
P.Eng, President, CEO & Director
Comp: $1.99M
Mr. Carey Thomas Ford C.F.A.
Chief Financial Officer
Mr. Shuja U. Goraya
Chief Technology Officer
Ms. Veronica H. Foley
Chief Legal & Compliance Officer
Mr. Gene C. Stahl (Age 50)
President of North American Drilling
Comp: $894.01k
Mr. Darren J. Ruhr
Chief Administrative Officer
Ms. Lavonne Zdunich
Director of Investor Relations
Dustin Honing
Manager of Investor Relations & Corporate Development
Mr. Grant Hunter
Senior Vice President of North American Drilling Operation
Mr. Ross Steven Pickering (Age 78)
Senior Vice President of Global Operations Excellence

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

PDS Stock Analysis - Frequently Asked Questions

Should I buy or sell Precision Drilling stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last twelve months. There are currently 1 hold rating, 3 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 target for 2024?: 5 brokerages have issued 12-month target prices for Precision Drilling's stock. Their PDS share price targets range from $20.00 to $81.00. On average, they predict the company's share price to reach $44.00 in the next year. This suggests that the stock has a possible downside of 36.2%.
View analysts price targets for PDS or view top-rated stocks among Wall Street analysts.
How have PDS shares performed in 2024?: Precision Drilling's stock was trading at $54.29 on January 1st, 2024. Since then, PDS shares have increased by 27.0% and is now trading at $68.95.
View the best growth stocks for 2024 here.
When is Precision Drilling's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our PDS earnings forecast.
How can I listen to Precision Drilling's earnings call?: Precision Drilling will be holding an earnings conference call on Thursday, April 25th at 2:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Precision Drilling's earnings last quarter?: Precision Drilling Co. (NYSE:PDS) posted its quarterly earnings data on Tuesday, February, 6th. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $1.36. The oil and gas company earned $372.34 million during the quarter, compared to the consensus estimate of $355.78 million. Precision Drilling had a net margin of 14.87% and a trailing twelve-month return on equity of 14.81%.

Is Precision Drilling a good dividend stock?: Precision Drilling (NYSE:PDS) pays an annual dividend of ($100.00) per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for PDS.
When did Precision Drilling's stock split?: Precision Drilling's stock 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), Hudson Technologies (HDSN) and UMB Financial (UMBF).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
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

This page (NYSE:PDS) was last updated on 4/16/2024 by MarketBeat.com Staff

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Precision Drilling (PDS) Stock Price, News & Analysis

Precision Drilling MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Precision Drilling Stock (NYSE:PDS)

PDS Stock Price History

PDS Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

PDS Stock Analysis - Frequently Asked Questions

Overall MarketRank^™