TSE:PD

Precision Drilling (PD) Stock Forecast, Price & News

C$92.94

+2.74 (+3.04%)

(As of 02:44 PM ET)

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Today's Range: C$91.11
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C$93.04
50-Day Range: C$74.53
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C$97.92
52-Week Range: C$56.42
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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

Profile Analyst Ratings Chart Competitors Earnings Insider Trades Headlines Social Media

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

30 days | 90 days | 365 days | Advanced Chart

PD Stock News Headlines

September 21, 2023 | americanbankingnews.com

Precision Drilling (TSE:PD) Shares Pass Above 50 Day Moving Average of $87.33

September 7, 2023 | proactiveinvestors.com

Precision Drilling strikes $141M deal for CWC Energy Services

September 27, 2023 | Wall Street Fundamentals (Ad)

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July 29, 2023 | finance.yahoo.com

Is Precision Drilling Corporation's (TSE:PD) Latest Stock Performance A Reflection Of Its Financial Health?

July 27, 2023 | marketwatch.com

Shares of Precision Drilling Climb on 2Q Profit, Revenue Beat

July 27, 2023 | finance.yahoo.com

Precision Drilling (PDS) Q2 Earnings and Revenues Top Estimates

July 20, 2023 | finance.yahoo.com

Precision Drilling (PDS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

July 19, 2023 | finance.yahoo.com

Cisco upgraded, Joby downgraded: Wall Street's top analyst calls

September 27, 2023 | Wall Street Fundamentals (Ad)

The "Plug and Play" Model Putting Online Giants to Shame

July 18, 2023 | theglobeandmail.com

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

July 6, 2023 | finance.yahoo.com

Precision Drilling Corporation 2023 Second Quarter Results Conference Call And Webcast

June 8, 2023 | msn.com

ATB CAPITAL MARKETS Maintains Precision Drilling (TSX:PD) Outperform Recommendation

June 8, 2023 | msn.com

TD SECURITIES Upgrades Precision Drilling (TSX:PD)

May 31, 2023 | finance.yahoo.com

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

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 18, 2023 | finance.yahoo.com

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

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 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 6, 2023 | theglobeandmail.com

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

April 6, 2023 | theglobeandmail.com

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

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PD Company Calendar

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

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Oil & Gas Drilling
Sub-Industry: N/A
Sector: Energy
Current Symbol: TSE:PD
CUSIP: N/A
CIK: N/A
Web: www.precisiondrilling.com
Phone: +1-403-7164500
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

EPS (Most Recent Fiscal Year): C$9.57
Trailing P/E Ratio: 9.65
Forward P/E Ratio: 5.41
P/E Growth: -3.24
Net Income: C$156.89 million
Net Margins: 8.15%
Pretax Margin: N/A
Return on Equity: 12.41%
Return on Assets: 6.20%

Debt

Debt-to-Equity Ratio: 76.57
Current Ratio: 1.49
Quick Ratio: 1.36

Sales & Book Value

Annual Sales: C$1.92 billion
Price / Sales: 0.65
Cash Flow: C$2.74 per share
Price / Cash Flow: 33.65
Book Value: C$99.11 per share
Price / Book: 0.93

Miscellaneous

Outstanding Shares: 13,610,000
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

Key Competitors

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Insiders

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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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