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TSE:PD

Precision Drilling (PD) Stock Forecast, Price & News

C$92.94
+2.74 (+3.04%)
(As of 02:44 PM ET)
Compare
Today's Range
C$91.11
C$93.04
50-Day Range
C$74.53
C$97.92
52-Week Range
C$56.42
C$116.60
Volume
53,864 shs
Average Volume
96,444 shs
Market Capitalization
C$1.26 billion
P/E Ratio
9.71
Dividend Yield
N/A
Price Target
C$118.27

PD stock logo

About Precision Drilling (TSE:PD) 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 also offers 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, 2022, it operated 225 land drilling rigs, including 111 in Canada; 101 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, 2022, this segment also operated 70 Alpha rigs with commercial AlphaAutomation; and 21 AlphaApps, as well as offers AlphaAnalytics data services and 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; wellsite accommodations; oilfield surface equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. As of December 31, 2022, it operated 135 well completion and workover service rigs, including 125 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; 103 wellsite accommodation units; 782 drill camp beds; 654 base camp beds; and three kitchen diners in Canada. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.

PD Price History

PD Stock News Headlines

Precision Drilling strikes $141M deal for CWC Energy Services
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
Precision Drilling Corp. Turns To Profit In Q1
Earnings Preview: Precision Drilling
Closing Bell: Precision Drilling Corp up on Friday (PD)
Closing Bell: Precision Drilling Corp up on Thursday (PD)
Closing Bell: Precision Drilling Corp up on Monday (PD)
See More Headlines
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PD Company Calendar

Last Earnings
7/27/2023
Today
9/27/2023
Next Earnings (Estimated)
10/26/2023

Industry, Sector and Symbol

Industry
Oil & Gas Drilling
Sub-Industry
N/A
Sector
Energy
CIK
N/A
Fax
N/A
Employees
4,802
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$118.27
High Stock Price Forecast
C$145.00
Low Stock Price Forecast
C$74.00
Forecasted Upside/Downside
+28.1%
Consensus Rating
Buy
Rating Score (0-4)
3.11
Research Coverage
9 Analysts

Profitability

Net Income
C$156.89 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$1.92 billion
Cash Flow
C$2.74 per share
Book Value
C$99.11 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.26 billion
Optionable
Not Optionable
Beta
3.21
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Key Executives

  • Mr. Kevin A. Neveu B.Sc (Age 62)
    B.Sc., P.Eng, Pres, CEO & Director
    Comp: $2.71M
  • Mr. Carey Thomas Ford C.F.A.
    Chief Financial Officer
  • Mr. Shuja U. Goraya
    Chief Technology Officer
  • Ms. Veronica H. Foley
    Chief Legal and Compliance Officer
  • Mr. Gene C. Stahl (Age 49)
    Pres of North American Drilling
    Comp: $1.21M
  • Mr. Darren J. Ruhr
    Chief Admin. Officer
  • Ms. Lavonne Zdunich
    Director of Investor Relations
  • Dustin Honing
    Mang. of Investor Relations & Corp. Devel.
  • Mr. Grant Hunter
    Sr. VP of North American Drilling Operation
  • Mr. Ross Steven Pickering (Age 77)
    Sr. VP of Global Operations Excellence













PD Stock - Frequently Asked Questions

Should I buy or sell Precision Drilling stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last year. There are currently 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" PD shares.
View PD analyst ratings
or view top-rated stocks.

What is Precision Drilling's stock price forecast for 2023?

9 Wall Street research analysts have issued 1 year price objectives for Precision Drilling's shares. Their PD share price forecasts range from C$74.00 to C$145.00. On average, they predict the company's share price to reach C$118.27 in the next year. This suggests a possible upside of 28.1% from the stock's current price.
View analysts price targets for PD
or view top-rated stocks among Wall Street analysts.

How have PD shares performed in 2023?

Precision Drilling's stock was trading at C$103.71 on January 1st, 2023. Since then, PD shares have decreased by 10.9% and is now trading at C$92.36.
View the best growth stocks for 2023 here
.

When is Precision Drilling's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our PD earnings forecast
.

How were Precision Drilling's earnings last quarter?

Precision Drilling Co. (TSE:PD) released its quarterly earnings data on Thursday, July, 27th. The company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.32. The firm earned $425.62 million during the quarter, compared to the consensus estimate of $404.07 million. Precision Drilling had a trailing twelve-month return on equity of 12.41% and a net margin of 8.15%.

When did Precision Drilling's stock split?

Shares of Precision Drilling 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 closing bell 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 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 CA (CA), Endologix (ELGX), BlackRock (BLK), Hawkins (HWKN), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Gran Tierra Energy (GTE), Och-Ziff Capital Management Group (OZM) and ALJ Regional (ALJJ).

What is Precision Drilling's stock symbol?

Precision Drilling trades on the Toronto Stock Exchange (TSX) under the ticker symbol "PD."

How do I buy shares of Precision Drilling?

Shares of PD stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Precision Drilling's stock price today?

One share of PD stock can currently be purchased for approximately C$92.36.

How much money does Precision Drilling make?

Precision Drilling (TSE:PD) has a market capitalization of C$1.26 billion and generates C$1.92 billion in revenue each year. The company earns C$156.89 million in net income (profit) each year or C$9.57 on an earnings per share basis.

How many employees does Precision Drilling have?

The company employs 4,802 workers across the globe.

How can I contact Precision Drilling?

Precision Drilling's mailing address is 150 6 Ave SW Suite 4200, CALGARY, AB T2P 3Y7, Canada. The official website for the company is www.precisiondrilling.com. The company can be reached via phone at +1-403-7164500.

This page (TSE:PD) was last updated on 9/27/2023 by MarketBeat.com Staff

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