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TSE:PD

Precision Drilling - PD Stock Forecast, Price & News

C$67.12
-1.16 (-1.70%)
(As of 03/22/2023 12:00 AM ET)
Add
Compare
Today's Range
C$66.55
▼
C$68.49
50-Day Range
C$62.15
▼
C$114.50
52-Week Range
C$61.79
▼
C$116.60
Volume
144,954 shs
Average Volume
128,426 shs
Market Capitalization
C$924.24 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
C$138.90

Precision Drilling MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
106.9% Upside
C$138.90 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-1.14mentions of Precision Drilling in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
C$1.13 M Sold Last Quarter
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.

1.74 out of 5 stars

See Top Rated MarketRank™ Stocks Here

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'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

March 21, 2023 | finance.yahoo.com
Institutional owners may consider drastic measures as Precision Drilling Corporation's (TSE:PD) recent CA$130m drop adds to long-term losses
March 16, 2023 | americanbankingnews.com
Analysts Set Precision Drilling Co. (TSE:PD) Price Target at C$138.90
March 22, 2023 | Weiss Ratings (Ad)
Banking Nightmare
During and after the Great Financial Crisis of 2008, 485 U.S. banks went under. Here at Weiss Ratings, we warned about 484 — an accuracy rate of 99.8%. Now, we have a new warning. But this time, it's not just about a few hundred banks … it's about nearly every single bank in America …
March 13, 2023 | finance.yahoo.com
Are Options Traders Betting on a Big Move in Precision Drilling (PDS) Stock?
March 2, 2023 | theglobeandmail.com
Precision Drilling: Bottom 25 Performing Stocks Year-to-Date on TSX (PD)
February 9, 2023 | msn.com
Precision Drilling reports $3.5M Q4 profit, revenue up more than 70 per cent
February 9, 2023 | finance.yahoo.com
Precision Drilling Corporation Announces 2022 Fourth Quarter and Year-End Unaudited Financial Results
January 13, 2023 | fool.ca
3 Small-Cap TSX Stocks to Buy for Outsized Gains
March 22, 2023 | Weiss Ratings (Ad)
Banking Nightmare
During and after the Great Financial Crisis of 2008, 485 U.S. banks went under. Here at Weiss Ratings, we warned about 484 — an accuracy rate of 99.8%. Now, we have a new warning. But this time, it's not just about a few hundred banks … it's about nearly every single bank in America …
January 11, 2023 | finance.yahoo.com
Precision Drilling (PDS) Upgraded to Strong Buy: Here's What You Should Know
December 28, 2022 | finance.yahoo.com
12 Best Performing Energy Stocks in 2022
December 25, 2022 | nz.finance.yahoo.com
Precision Drilling's (TSE:PD) growing losses don't faze investors as the stock rises 5.1% this past week
December 7, 2022 | finance.yahoo.com
4 Oil & Gas Stocks That Gained More Than 100% This Year
November 8, 2022 | finance.yahoo.com
Precision Drilling Third Quarter 2022 Earnings: Beats Expectations
October 27, 2022 | seekingalpha.com
Precision Drilling Corporation (PDS) Q3 2022 Earnings Call Transcript
October 27, 2022 | ca.finance.yahoo.com
Stocks in play: Precision Drilling
October 27, 2022 | ca.finance.yahoo.com
Precision Drilling reports Q3 profit, revenue up 69 per cent from year ago
October 27, 2022 | theglobeandmail.com
Precision Drilling reports rise in third-quarter profit, revenue as North American activity increases
October 12, 2022 | finance.yahoo.com
While institutions own 48% of Precision Drilling Corporation (TSE:PD), individual investors are its largest shareholders with 51% ownership
October 3, 2022 | finance.yahoo.com
Precision Drilling Corporation 2022 Third Quarter Results Conference Call and Webcast
September 21, 2022 | msn.com
Canada shares lower at close of trade; S&P/TSX Composite down 0.99%
September 13, 2022 | seekingalpha.com
Precision Drilling Has Become Less Risky But Remains Unattractive
September 1, 2022 | finance.yahoo.com
Is Precision Drilling (PDS) a Great Value Stock Right Now?
August 25, 2022 | seekingalpha.com
Precision Drilling receives TSX approval to renew normal course issuer bid
August 3, 2022 | finance.yahoo.com
Precision Drilling (PDS) Is Attractively Priced Despite Fast-paced Momentum
August 1, 2022 | finance.yahoo.com
Wall Street Analysts See a 50% Upside in Precision Drilling (PDS): Can the Stock Really Move This High?
July 27, 2022 | ca.finance.yahoo.com
Precision Drilling reports $25M net loss in Q2, revenue up 62%
See More Headlines
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PD Company Calendar

Last Earnings
2/09/2023
Today
3/22/2023
Next Earnings (Estimated)
4/27/2023
Get Stock Alerts

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$138.90
High Stock Price Forecast
C$174.00
Low Stock Price Forecast
C$74.00
Forecasted Upside/Downside
+106.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C($1.98)
Trailing P/E Ratio
N/A
Forward P/E Ratio
5.29
P/E Growth
-3.24
Net Income
C$-34,290,000.00
Net Margins
-2.12%
Pretax Margin
N/A
Return on Equity
-2.79%
Return on Assets
0.74%

Debt

Debt-to-Equity Ratio
93.78
Current Ratio
1.15
Quick Ratio
1.36

Sales & Book Value

Annual Sales
C$1.62 billion
Price / Sales
0.57
Cash Flow
C$1.99 per share
Price / Cash Flow
33.65
Book Value
C$90.76 per share
Price / Book
0.74

Miscellaneous

Outstanding Shares
13,770,000
Free Float
N/A
Market Cap
C$924.24 million
Optionable
Not Optionable
Beta
3.18

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 research analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last year. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 analysts have issued 12 month target prices for Precision Drilling's shares. Their PD share price forecasts range from C$74.00 to C$174.00. On average, they predict the company's share price to reach C$138.90 in the next year. This suggests a possible upside of 108.7% 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 35.8% and is now trading at C$66.55.
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, April 27th 2023.
View our PD earnings forecast.

How were Precision Drilling's earnings last quarter?

Precision Drilling Co. (TSE:PD) issued its quarterly earnings results on Thursday, February, 9th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.60 by $2.33. The firm had revenue of $510.50 million for the quarter, compared to analysts' expectations of $486.40 million. Precision Drilling had a negative trailing twelve-month return on equity of 2.79% and a negative net margin of 2.12%.

When did Precision Drilling's stock split?

Precision Drilling's stock 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$66.55.

How much money does Precision Drilling make?

Precision Drilling (TSE:PD) has a market capitalization of C$916.39 million and generates C$1.62 billion in revenue each year. The company earns C$-34,290,000.00 in net income (profit) each year or C($1.98) 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 3/22/2023 by MarketBeat.com Staff