TSE:PD

Precision Drilling (PD) Stock Forecast, Price & News

C$58.78

+1.62 (+2.83%)

(As of 06/1/2023 ET)

Compare

Today's Range: C$56.61
▼
C$59.96
50-Day Range: C$57.16
▼
C$72.36
52-Week Range: C$56.42
▼
C$116.60

Volume: 53,428 shs
Average Volume: 112,240 shs
Market Capitalization: C$806.46 million

P/E Ratio: 9.56
Dividend Yield: N/A
Price Target: C$128.10

Profile Analyst Ratings Chart Competitors Earnings Insider Trades Headlines Social Media

Precision Drilling MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 117.9% Upside
C$128.10 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.69
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

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

2.14 out of 5 stars

3.5

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 5 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$128.10, Precision Drilling has a forecasted upside of 117.9% from its current price of C$58.78.
Amount of Analyst Coverage
Precision Drilling has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for PD.

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 PD.

2.0

News and Social Media Coverage

News Sentiment
Precision Drilling has a news sentiment score of 0.69. 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 higher news sentiment than the 0.50 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Precision Drilling this week, compared to 2 articles on an average week.
Search Interest
Only 7 people have searched for PD on MarketBeat in the last 30 days. This is a decrease of -13% 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 1.39% of the stock of Precision Drilling is held by insiders.
Percentage Held by Institutions
59.23% of the stock of Precision Drilling is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Precision Drilling is 9.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Precision Drilling is 9.56, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 50.28.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for Precision Drilling, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
Precision Drilling has a P/B Ratio of 0.60. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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'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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PD Stock News Headlines

June 1, 2023 | americanbankingnews.com

Precision Drilling Co. (TSE:PD) Given Consensus Rating of "Buy" by Analysts

May 31, 2023 | finance.yahoo.com

3 Well-Positioned Stocks in the Oil & Gas Drilling Industry

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May 5, 2023 | americanbankingnews.com

Brokerages Set Precision Drilling Co. (TSE:PD) PT at C$128.10

May 2, 2023 | americanbankingnews.com

Q2 2023 EPS Estimates for Precision Drilling Co. (TSE:PD) Cut by Analyst

May 2, 2023 | americanbankingnews.com

Stifel Firstegy Weighs in on Precision Drilling Co.'s Q2 2023 Earnings (TSE:PD)

April 30, 2023 | americanbankingnews.com

Precision Drilling (TSE:PD) PT Lowered to C$132.00 at Evercore

April 30, 2023 | americanbankingnews.com

Royal Bank of Canada Trims Precision Drilling (TSE:PD) Target Price to C$120.00

June 1, 2023 | Edge On The Street (Ad)

AI Getting Close to Thinking Like Humans

Technology experts working with neuroscientists have created the world's first Artificial Intelligence Network Operating System. AI can now process information like the human brain and understand the world the way humans do.

April 29, 2023 | americanbankingnews.com

Precision Drilling Co. (TSE:PD) to Post Q4 2024 Earnings of $5.56 Per Share, Atb Cap Markets Forecasts

April 28, 2023 | americanbankingnews.com

Precision Drilling (TSE:PD) Price Target Raised to C$125.00 at BMO Capital Markets

April 26, 2023 | ca.finance.yahoo.com

Precision Drilling reports $95.8M Q1 profit, revenue up nearly 60% from year ago

April 26, 2023 | msn.com

Precision Drilling Clocks 59% Revenue Growth In Q1, Cuts 2023 Capital Spending Budget

April 26, 2023 | markets.businessinsider.com

Precision Drilling Corp. Turns To Profit In Q1

April 26, 2023 | finance.yahoo.com

Precision Drilling Announces 2023 First Quarter Unaudited Financial Results

April 26, 2023 | finance.yahoo.com

Precision Drilling (PDS) Beats Q1 Earnings and Revenue Estimates

April 25, 2023 | msn.com

Earnings Preview: Precision Drilling

April 25, 2023 | americanbankingnews.com

Precision Drilling (PD) Set to Announce Earnings on Wednesday

April 18, 2023 | finance.yahoo.com

Many Still Looking Away From Precision Drilling Corporation (TSE:PD)

April 17, 2023 | americanbankingnews.com

CIBC Cuts Precision Drilling (TSE:PD) Price Target to C$135.00

April 15, 2023 | americanbankingnews.com

Precision Drilling (TSE:PD) Price Target Lowered to C$130.00 at Royal Bank of Canada

April 14, 2023 | theglobeandmail.com

Closing Bell: Precision Drilling Corp up on Friday (PD)

April 13, 2023 | theglobeandmail.com

Closing Bell: Precision Drilling Corp up on Thursday (PD)

April 13, 2023 | americanbankingnews.com

ATB Capital Cuts Precision Drilling (TSE:PD) Price Target to C$160.00

April 11, 2023 | theglobeandmail.com

Closing Bell: Precision Drilling Corp down on Tuesday (PD)

April 10, 2023 | theglobeandmail.com

Closing Bell: Precision Drilling Corp up on Monday (PD)

April 10, 2023 | americanbankingnews.com

Precision Drilling Co. (TSE:PD) Receives C$132.40 Consensus PT from Brokerages

See More Headlines

PD Price History

30 days | 90 days | 365 days | Advanced Chart

PD Company Calendar

Last Earnings: 4/26/2023
Today: 6/01/2023
Next Earnings (Estimated): 7/26/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Oil & Gas Equipment & Services
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: TSE:PD
CUSIP: N/A
CIK: N/A
Web: www.precisiondrilling.com
Phone: +1-403-7164500
Fax: N/A
Employees: 3,350
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$128.10
High Stock Price Forecast: C$165.00
Low Stock Price Forecast: C$74.00
Forecasted Upside/Downside: +114.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$6.15
Trailing P/E Ratio: 9.71
Forward P/E Ratio: 4.74
P/E Growth: -3.24
Net Income: C$105.38 million
Net Margins: 5.78%
Pretax Margin: N/A
Return on Equity: 8.32%
Return on Assets: 4.38%

Debt

Debt-to-Equity Ratio: 91.75
Current Ratio: 1.93
Quick Ratio: 1.36

Sales & Book Value

Annual Sales: C$1.82 billion
Price / Sales: 0.45
Cash Flow: C$1.77 per share
Price / Cash Flow: 33.65
Book Value: C$97.62 per share
Price / Book: 0.61

Miscellaneous

Outstanding Shares: 13,720,000
Free Float: N/A
Market Cap: C$819.22 million
Optionable: Not Optionable
Beta: 3.14

Key Executives

Mr. Kevin A. Neveu B.Sc (Age 62)
B.Sc., P.Eng, Pres, CEO & Director
Comp: $1.54M

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 49)
Chief Marketing Officer
Comp: $768.06k

Mr. John Blair Goertzen (Age 64)
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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

PD Stock - Frequently Asked Questions

Should I buy or sell Precision Drilling stock right now?: 7 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, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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?: 7 Wall Street research analysts have issued 12 month target prices for Precision Drilling's shares. Their PD share price forecasts range from C$74.00 to C$165.00. On average, they expect the company's stock price to reach C$128.10 in the next twelve months. This suggests a possible upside of 114.5% 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 at the beginning of 2023. Since then, PD stock has decreased by 42.4% and is now trading at C$59.71.
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 Wednesday, July 26th 2023.
View our PD earnings forecast.
How were Precision Drilling's earnings last quarter?: Precision Drilling Co. (TSE:PD) posted its quarterly earnings data on Wednesday, April, 26th. The company reported $5.57 earnings per share for the quarter, topping analysts' consensus estimates of $3.97 by $1.60. The company earned $558.61 million during the quarter, compared to analysts' expectations of $518.50 million. Precision Drilling had a trailing twelve-month return on equity of 8.32% and a net margin of 5.78%.
When did Precision Drilling's stock split?: Shares of Precision Drilling reverse split on the morning of 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 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$59.71.
How much money does Precision Drilling make?: Precision Drilling (TSE:PD) has a market capitalization of C$819.22 million and generates C$1.82 billion in revenue each year. The company earns C$105.38 million in net income (profit) each year or C$6.15 on an earnings per share basis.
How many employees does Precision Drilling have?: The company employs 3,350 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 6/1/2023 by MarketBeat.com Staff

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Precision Drilling (PD) Stock Forecast, Price & News

Precision Drilling MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

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

Company Ownership

Earnings and Valuation

About Precision Drilling (TSE:PD) Stock

PD Stock News Headlines

PD Price History

PD Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

PD Stock - Frequently Asked Questions

Overall MarketRank^™