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TSE:PD

Precision Drilling (PD) Stock Forecast, Price & News

C$60.73
-0.99 (-1.60%)
(As of 06/5/2023 ET)
Compare
Today's Range
C$60.50
▼
C$62.45
50-Day Range
C$57.16
▼
C$72.36
52-Week Range
C$56.42
▼
C$116.60
Volume
66,178 shs
Average Volume
111,415 shs
Market Capitalization
C$833.22 million
P/E Ratio
9.87
Dividend Yield
N/A
Price Target
C$125.60
ProfileAnalyst RatingsChartCompetitorsEarningsInsider TradesHeadlinesSocial Media

Precision Drilling MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
106.8% Upside
C$125.60 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.12mentions of Precision Drilling in the last 14 days
Based on 7 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.

2.02 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

June 4, 2023 | americanbankingnews.com
Raymond James Lowers Precision Drilling (TSE:PD) Price Target to C$110.00
June 1, 2023 | americanbankingnews.com
Precision Drilling Co. (TSE:PD) Given Consensus Rating of "Buy" by Analysts
June 5, 2023 | Behind the Markets (Ad)
Is This The End Of Your Retirement?
Soon, the U.S. Government is going to make an announcement that could radically alter your retirement. Two of America's largest banks - Goldman Sachs and J.P. Morgan - have quietly warned their richest clients to prepare for it. The clock is ticking. Find out How to Protect Yourself from the Greatest Crisis Facing Retirees in 70 Years before it's too late.
May 31, 2023 | finance.yahoo.com
3 Well-Positioned Stocks in the Oil & Gas Drilling Industry
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
June 5, 2023 | Behind the Markets (Ad)
Is This The End Of Your Retirement?
Soon, the U.S. Government is going to make an announcement that could radically alter your retirement. Two of America's largest banks - Goldman Sachs and J.P. Morgan - have quietly warned their richest clients to prepare for it. The clock is ticking. Find out How to Protect Yourself from the Greatest Crisis Facing Retirees in 70 Years before it's too late.
April 30, 2023 | americanbankingnews.com
Royal Bank of Canada Trims Precision Drilling (TSE:PD) Target Price to C$120.00
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)
See More Headlines

PD Price History

PD Company Calendar

Last Earnings
4/26/2023
Today
6/05/2023
Next Earnings (Estimated)
7/26/2023
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$125.60
High Stock Price Forecast
C$165.00
Low Stock Price Forecast
C$74.00
Forecasted Upside/Downside
+106.5%
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
9.89
Forward P/E Ratio
4.83
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
0.46
Cash Flow
C$1.81 per share
Price / Cash Flow
33.65
Book Value
C$97.62 per share
Price / Book
0.62

Miscellaneous

Outstanding Shares
13,720,000
Free Float
N/A
Market Cap
C$834.45 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 brokerages have issued 12-month price objectives for Precision Drilling's shares. Their PD share price forecasts range from C$74.00 to C$165.00. On average, they anticipate the company's stock price to reach C$125.60 in the next twelve months. This suggests a possible upside of 106.5% 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 41.4% and is now trading at C$60.82.
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) announced its quarterly earnings results on Wednesday, April, 26th. The company reported $5.57 earnings per share for the quarter, beating the consensus estimate of $3.97 by $1.60. The business earned $558.61 million during the quarter, compared to the consensus estimate of $518.50 million. Precision Drilling had a net margin of 5.78% and a trailing twelve-month return on equity of 8.32%.

When did Precision Drilling's stock split?

Precision Drilling shares 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$60.82.

How much money does Precision Drilling make?

Precision Drilling (TSE:PD) has a market capitalization of C$834.45 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 6/5/2023 by MarketBeat.com Staff

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