Precision Drilling Corporation (Precision) is an oilfield services company. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment operates its rigs in Canada, the United States and internationally. The Completion and Production Services segment provides completion and workover services and ancillary services to oil and natural gas exploration and production companies in Canada and the United States. As of December 31, 2016, the Contract Drilling Services segment consisted of 255 land drilling rigs, including 135 in Canada, 103 in the United States, five in Mexico, four in Saudi Arabia, five in Kuwait, two in the Kurdistan region of Iraq and one in the country of Georgia.
Industry, Sector and Symbol:
Capitalization:- Market Cap: C$988.21 million
- Outstanding Shares: 293,238,000
Average Prices:- 50 Day Moving Avg: C$3.87
- 200 Day Moving Avg: C$5.36
- 52 Week Range: C$3.32 - C$8.21
P/E:- Trailing P/E Ratio: N/A
- P/E Growth: 0.41
Sales & Book Value:- Annual Revenue: C$1.11 billion
- Price / Sales: 0.89
- Book Value: C$6.46 per share
- Price / Book: 0.52
Profitability:- EBIDTA: C$246.69 million
- Net Margins: -6.54%
- Return on Equity: -4.65%
- Return on Assets: -2.11%
Misc:- Average Volume: 1.67 million shs.
- Short Ratio: 3.6
Frequently Asked Questions for Precision Drilling (TSE:PD)
What is Precision Drilling's stock symbol?
Precision Drilling trades on the Tornton Stock Exchange (TSX) under the ticker symbol "PD."
How were Precision Drilling's earnings last quarter?
Precision Drilling Co. (TSE:PD) released its earnings results on Monday, October, 27th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The firm earned $584.59 million during the quarter, compared to analyst estimates of $589.29 million. Precision Drilling had a negative net margin of 6.54% and a negative return on equity of 4.65%. View Precision Drilling's Earnings History.
When will Precision Drilling make its next earnings announcement?
Where is Precision Drilling's stock going? Where will Precision Drilling's stock price be in 2017?
9 equities research analysts have issued twelve-month price targets for Precision Drilling's shares. Their predictions range from C$4.25 to C$11.00. On average, they expect Precision Drilling's share price to reach C$8.18 in the next twelve months. View Analyst Ratings for Precision Drilling.
Who are some of Precision Drilling's key competitors?
Some companies that are related to Precision Drilling include Pretium Resources (PVG), Richelieu Hardware (RCH), Superior Plus Corp. (SPB), Hudson's Bay Co (HBC), Laurentian Bank of Canada (LB), Kinaxis (KXS), Kinder Morgan Canada Ltd (KML), Shawcor Ltd (SCL), Westshore Terminals Investment Corp (WTE), Birchcliff Energy (BIR), Eldorado Gold Corp (ELD), CES Energy Solutions Corp (CEU), Boralex (BLX), NovaGold Resources (NG), Russel Metals (RUS), Freehold Royalties Ltd (FRU), Torex Gold Resources (TXG) and Innergex Renewable Energy (INE).
Who are Precision Drilling's key executives?
Precision Drilling's management team includes the folowing people:
- Robert Lawrence Phillips QC, Independent Chairman of the Board
- Kevin A. Neveu, President, Chief Executive Officer, Non-Independent Director
- Carey T. Ford, Chief Financial Officer, Senior Vice President
- Gene C. Stahl, President - Drilling Operations
- Veronica H. Foley, Senior Vice President, General Counsel, Corporate Secretary
- Douglas B. Evasiuk, Senior Vice President - Sales and Marketing, North America
- Darren J. Ruhr, Senior Vice President - Corporate Services
- William T. Donovan, Independent Director
- Brian J. Gibson, Independent Director
- Allen R. Hagerman, Independent Director
How do I buy Precision Drilling stock?
Shares of Precision Drilling and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.
What is Precision Drilling's stock price today?
One share of Precision Drilling stock can currently be purchased for approximately C$3.37.
MarketBeat Community Rating for Precision Drilling (TSE PD)MarketBeat's community ratings are surveys of what our community members think about Precision Drilling and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Precision Drilling (TSE:PD) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Hold Ratings, 6 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.67) |
| Consensus Price Target: | C$8.18 |
Analysts' Ratings History for Precision Drilling (TSE:PD)
Show:
| Date | Firm | Action | Rating | Price Target | Details |
|---|
| 8/2/2017 | Canaccord Genuity | Lower Price Target | | C$4.75 -> C$4.25 |  |
| 8/1/2017 | BMO Capital Markets | Lower Price Target | Outperform | C$9.00 -> C$6.00 | |
| 7/20/2017 | CIBC | Boost Price Target | | C$8.00 -> C$11.00 | |
| 4/26/2017 | Raymond James Financial, Inc. | Lower Price Target | Outperform | C$7.40 -> C$7.20 | |
| 4/25/2017 | Scotiabank | Reiterated Rating | Sector Perform | C$8.00 | |
| 3/9/2017 | Citigroup Inc. | Lower Price Target | | C$8.25 -> C$7.00 | |
| 2/10/2017 | Royal Bank Of Canada | Reiterated Rating | Outperform | C$9.00 | |
| 1/19/2017 | Deutsche Bank AG | Upgrade | Hold -> Buy | C$6.00 -> C$10.00 | |
| 12/20/2016 | Evercore ISI | Boost Price Target | | C$8.00 -> C$9.00 | |
| 12/20/2016 | Evercore Partners Inc | Boost Price Target | | C$8.00 -> C$9.00 | |
| 12/14/2016 | TD Securities | Reiterated Rating | Buy | C$9.50 | |
| 6/22/2016 | AltaCorp Capital | Reiterated Rating | Outperform | | |
| 4/1/2016 | Howard Weil | Downgrade | Sector Perform -> Underperform | | |
| 3/14/2016 | FirstEnergy Corporation | Boost Price Target | | C$5.25 -> C$8.00 | |
| 2/16/2016 | Cowen and Company | Lower Price Target | Outperform | C$5.30 -> C$4.40 | |
| 1/8/2016 | J P Morgan Chase & Co | Lower Price Target | Neutral | C$6.00 -> C$5.00 | |
| 9/11/2015 | Jefferies Group LLC | Lower Price Target | | C$3.00 | |
(Data available from 8/17/2015 forward)
Earnings History for Precision Drilling (TSE:PD)Earnings History by Quarter for Precision Drilling (TSE PD)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/19/2017 | | ($0.11) | | | | | N/A | |
| 10/27/2014 | | $0.17 | $0.18 | $589.29 million | $584.59 million | View | N/A | |
| 7/24/2014 | | $0.02 | ($0.02) | $458.02 million | $475.17 million | View | N/A | |
| 4/28/2014 | | $0.37 | $0.35 | $669.31 million | $672.25 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Precision Drilling (TSE:PD)2017 EPS Consensus Estimate: ($0.63)
2018 EPS Consensus Estimate: ($0.12)
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 4 | ($0.24) | ($0.12) | ($0.15) |
| Q2 2017 | 5 | ($0.33) | ($0.18) | ($0.22) |
| Q3 2017 | 4 | ($0.22) | ($0.11) | ($0.15) |
| Q4 2017 | 4 | ($0.16) | ($0.07) | ($0.11) |
| Q1 2018 | 2 | ($0.04) | $0.02 | ($0.01) |
| Q2 2018 | 1 | ($0.11) | ($0.11) | ($0.11) |
| Q3 2018 | 1 | ($0.03) | ($0.03) | ($0.03) |
| Q4 2018 | 1 | $0.03 | $0.03 | $0.03 |
(Data provided by Zacks Investment Research)
Dividend History by Quarter for Precision Drilling (TSE PD)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 10/22/2015 | quarterly | $0.07 | 5.28% | 11/4/2015 | 11/6/2015 | 11/18/2015 |
| 7/23/2015 | quarterly | $0.07 | 4.12% | 8/6/2015 | 8/10/2015 | 8/21/2015 |
| 4/27/2015 | quarterly | $0.07 | 3.36% | 5/13/2015 | 5/15/2015 | 5/29/2015 |
| 2/12/2015 | quarterly | $0.07 | | | 2/27/2015 | 3/12/2015 |
| 10/27/2014 | quarterly | $0.07 | 2.93% | 11/12/2014 | 11/14/2014 | 11/24/2014 |
| 7/24/2014 | quarterly | $0.06 | 1.67% | 8/6/2014 | 8/8/2014 | 8/20/2014 |
| 4/28/2014 | quarterly | $0.06 | 1.75% | 5/12/2014 | 5/14/2014 | 5/26/2014 |
| 2/13/2014 | quarterly | $0.06 | 2.16% | 2/25/2014 | 2/27/2014 | 3/14/2014 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Precision Drilling (TSE:PD)Insider Trades by Quarter for Precision Drilling (TSE:PD)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 8/1/2017 | Brian James Gibson | Director | Buy | 35,000 | C$3.58 | C$125,300.00 | |
| 3/15/2017 | Veronica H Foley | Insider | Buy | 5,000 | C$4.43 | C$22,150.00 | |
| 3/14/2017 | Carey Thomas Ford | Director | Buy | 7,000 | C$4.37 | C$30,590.00 | |
| 2/28/2017 | Carey Thomas Ford | Director | Buy | 8,900 | C$5.06 | C$45,034.00 | |
| 2/28/2017 | Veronica H Foley | Insider | Buy | 5,000 | C$5.10 | C$25,500.00 | |
| 2/12/2016 | Allen R Hagerman | Director | Buy | 10,000 | C$3.89 | C$38,900.00 | |
| 12/8/2015 | Kevin A Neveu | Director | Buy | 15,000 | C$4.60 | C$69,000.00 | |
| 10/29/2015 | Robert Joseph Mcnally | Insider | Buy | 10,000 | C$3.89 | C$38,880.00 | |
| 10/27/2015 | Kevin Omar Meyers | Director | Buy | 5,000 | C$3.87 | C$19,349.50 | |
| 8/25/2015 | Kevin A Neveu | Director | Buy | 5,000 | C$5.50 | C$27,500.00 | |
| 8/25/2015 | Niels Espeland | Insider | Buy | 1,500 | C$5.40 | C$8,100.00 | |
| 8/21/2015 | Kevin A Neveu | Director | Buy | 1,600 | C$5.42 | C$8,677.92 | |
| 8/20/2015 | Veronica H Foley | Insider | Buy | 5,000 | C$4.25 | C$21,250.00 | |
| 8/18/2015 | Kevin Omar Meyers | Director | Buy | 3,000 | C$4.58 | C$13,739.70 | |
| 7/27/2015 | Steven Wayne Krablin | Director | Buy | 5,000 | C$4.73 | C$23,667.00 | |
| 7/27/2015 | Veronica H Foley | Insider | Buy | 10,000 | C$4.85 | C$48,509.00 | |
| 7/24/2015 | Kevin A Neveu | Director | Buy | 10,000 | C$6.96 | C$69,600.00 | |
| 6/2/2015 | Gene Stahl | Insider | Sell | 10,000 | C$8.64 | C$86,423.00 | |
| 3/24/2015 | Kevin A Neveu | Director | Buy | 53,000 | C$6.17 | C$327,010.00 | |
| 3/16/2015 | Kevin A Neveu | Director | Buy | 5,000 | C$7.00 | C$35,000.00 | |
| 3/13/2015 | Kevin A Neveu | Director | Buy | 5,000 | C$7.18 | C$35,900.00 | |
| 11/3/2014 | Douglas Brian Evasiuk | Director | Sell | 3,000 | C$9.08 | C$27,240.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Precision Drilling (TSE:PD)
Latest Headlines for Precision Drilling (TSE:PD)
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Precision Drilling (PD) Chart for Thursday, August, 17, 2017
