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S&P 500   4,140.06
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How to Use the MarketBeat Dividend Calculator
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Copper Exploration Heating Up (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Can Etsy Continue to Thrive After the Pandemic?
'The Sacrifice Zone': Myanmar bears cost of green energy
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing (Ad)
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Copper Exploration Heating Up (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Can Etsy Continue to Thrive After the Pandemic?
'The Sacrifice Zone': Myanmar bears cost of green energy
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing (Ad)
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Copper Exploration Heating Up (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Can Etsy Continue to Thrive After the Pandemic?
'The Sacrifice Zone': Myanmar bears cost of green energy
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing (Ad)
TSE:PD

Precision Drilling - PD Stock Forecast, Price & News

C$81.43
+0.06 (+0.07%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
C$80.87
C$82.85
50-Day Range
C$65.63
C$106.93
52-Week Range
C$35.82
C$109.29
Volume
51,522 shs
Average Volume
120,749 shs
Market Capitalization
C$1.11 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
C$110.62

Precision Drilling MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
35.8% Upside
C$110.62 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.81mentions of Precision Drilling in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
C$125,508 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.

1.96 out of 5 stars

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.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. BMO Capital Markets upped their price target on Precision Drilling from C$130.00 to C$140.00 in a research report on Thursday, July 28th. National Bankshares upped their price target on Precision Drilling from C$80.00 to C$120.00 in a research report on Monday, April 25th. Stifel Nicolaus upped their price target on Precision Drilling from C$145.00 to C$150.00 in a research report on Thursday, July 28th. Royal Bank of Canada upped their price target on Precision Drilling from C$147.00 to C$156.00 in a research report on Thursday, July 7th. Finally, TD Securities upped their price target on Precision Drilling from C$130.00 to C$135.00 and gave the company a "buy" rating in a research report on Thursday, July 28th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Precision Drilling presently has an average rating of "Moderate Buy" and a consensus target price of C$107.43.

Precision Drilling Stock Performance

TSE:PD traded up C$0.06 during mid-day trading on Monday, hitting C$81.43. 51,522 shares of the company's stock traded hands, compared to its average volume of 120,749. The firm has a 50 day moving average of C$84.60 and a two-hundred day moving average of C$82.19. Precision Drilling has a 12 month low of C$35.82 and a 12 month high of C$109.29. The firm has a market capitalization of C$1.11 billion and a price-to-earnings ratio of -5.87. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 101.68.

Insider Activity at Precision Drilling

In related news, Senior Officer Darren Ruhr sold 1,176 shares of the stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of C$106.72, for a total transaction of C$125,508.13. Following the completion of the sale, the insider now owns 18,567 shares in the company, valued at approximately C$1,981,555.65.

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PD Company Calendar

Today
8/09/2022
Next Earnings (Estimated)
10/20/2022

Industry, Sector and Symbol

Industry
Oil & Gas Equipment & Services
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
3,350
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$110.62
High Stock Price Forecast
C$156.00
Low Stock Price Forecast
C$48.00
Forecasted Upside/Downside
+35.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
12 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$1.23 billion
Cash Flow
C$3.55 per share
Book Value
C$86.81 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.11 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Kevin A. Neveu B.Sc (Age 61)
    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 48)
    Chief Marketing Officer
    Comp: $768.06k
  • Mr. John Blair Goertzen (Age 63)
    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













PD Stock - Frequently Asked Questions

Should I buy or sell Precision Drilling stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last year. There are currently 2 hold ratings, 9 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 2022?

12 Wall Street research analysts have issued 1 year target prices for Precision Drilling's shares. Their PD share price forecasts range from C$48.00 to C$156.00. On average, they expect the company's stock price to reach C$110.62 in the next twelve months. This suggests a possible upside of 35.8% from the stock's current price.
View analysts price targets for PD
or view top-rated stocks among Wall Street analysts.

How has Precision Drilling's stock performed in 2022?

Precision Drilling's stock was trading at C$44.69 at the start of the year. Since then, PD shares have increased by 82.2% and is now trading at C$81.43.
View the best growth stocks for 2022 here
.

When is Precision Drilling's next earnings date?

Precision Drilling is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our PD earnings forecast
.

When did Precision Drilling's stock split?

Shares of Precision Drilling reverse split 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 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$81.43.

How much money does Precision Drilling make?

Precision Drilling (TSE:PD) has a market capitalization of C$1.11 billion and generates C$1.23 billion in revenue each year.

How many employees does Precision Drilling have?

Precision Drilling 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 8/9/2022 by MarketBeat.com Staff

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