TSE:PD

Precision Drilling - PD Stock Forecast, Price & News

C$68.05

-8.25 (-10.81%)

(As of 09/23/2022 08:57 PM ET)

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Today's Range: C$67.81
▼
C$73.60
50-Day Range: C$68.05
▼
C$89.31
52-Week Range: C$37.90
▼
C$109.29

Volume: 231,517 shs
Average Volume: 115,376 shs
Market Capitalization: C$924.46 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: C$115.83

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

September 24, 2022 | americanbankingnews.com

Brokerages Set Precision Drilling Co. (TSE:PD) Price Target at C$112.00

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%

July 20, 2022 | finance.yahoo.com

Precision Drilling (PDS) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

July 18, 2022 | benzinga.com

Precision Drilling Corporation Acquires High Arctic's Well Servicing & Rentals Divisions

July 18, 2022 | finance.yahoo.com

Precision Drilling Corporation Acquires High Arctic’s Well Servicing & Rentals Divisions

July 13, 2022 | finance.yahoo.com

Is Occidental Petroleum (OXY) Outperforming Other Oils-Energy Stocks This Year?

June 26, 2022 | ca.finance.yahoo.com

3 Top TSX Stocks to Buy in Volatile Markets

June 20, 2022 | fool.ca

Precision Drilling (TSX:PD) Stock Falls 25% From the Top: What Should You Do?

June 16, 2022 | nasdaq.com

Canadian Market Deep Down In Negative Territory On Widespread Selling

June 15, 2022 | nasdaq.com

Canadian Market Slips After Fed Hikes Interest Rate By 0.75%

June 14, 2022 | nasdaq.com

TSX Extends Losses To 5th Session, Sheds Nearly 1%

May 12, 2022 | finance.yahoo.com

Precision Drilling Corporation Announces Voting Results from the 2022 Annual and Special Meeting of Shareholders

May 5, 2022 | finance.yahoo.com

What You Need To Know About Precision Drilling Corporation's (TSE:PD) Investor Composition

May 2, 2022 | finance.yahoo.com

Precision Drilling Corporation Holding Virtual-Only 2022 Annual and Special Meeting of Shareholders on May 12

April 29, 2022 | msn.com

What’s Next for Precision Drilling (TSX:PD) Stock After its Q1 Loss?

April 28, 2022 | theglobeandmail.com

Precision Drilling Corporation Announces 2022 First Quarter Unaudited Financial Results

April 28, 2022 | theglobeandmail.com

Precision Drilling reports first-quarter loss, revenue up nearly 50% on growing demand

March 31, 2022 | markets.businessinsider.com

Canadian Market Looks Headed For Weak Close

February 10, 2022 | ca.finance.yahoo.com

Precision Drilling reports fourth-quarter loss, revenue up 46% from year ago

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PD Company Calendar

Last Earnings: 7/27/2022
Today: 9/25/2022
Next Earnings (Estimated): 10/20/2022

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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$115.83
High Stock Price Forecast: C$156.00
Low Stock Price Forecast: C$57.00
Forecasted Upside/Downside: +70.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: 5.97
P/E Growth: 1.64
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 101.68
Current Ratio: 1.39
Quick Ratio: 1.30

Sales & Book Value

Annual Sales: C$1.23 billion
Price / Sales: 0.75
Cash Flow: C$3.19 per share
Price / Cash Flow: 21.34
Book Value: C$86.81 per share
Price / Book: 0.78

Miscellaneous

Outstanding Shares: 13,585,000
Free Float: N/A
Market Cap: C$924.46 million
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PD Stock - Frequently Asked Questions

Should I buy or sell Precision Drilling stock right now?: 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last year. There are currently 1 hold rating, 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?: 11 analysts have issued 1-year target prices for Precision Drilling's stock. Their PD share price forecasts range from C$57.00 to C$156.00. On average, they predict the company's stock price to reach C$115.83 in the next year. This suggests a possible upside of 70.2% 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 2022?: Precision Drilling's stock was trading at C$44.69 on January 1st, 2022. Since then, PD stock has increased by 52.3% and is now trading at C$68.05.
View the best growth stocks for 2022 here.
When is Precision Drilling's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our PD earnings forecast.
How were Precision Drilling's earnings last quarter?: Precision Drilling Co. (TSE:PD) issued its earnings results on Wednesday, July, 27th. The company reported ($1.81) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($2.21) by $0.40. The firm earned $326.02 million during the quarter, compared to the consensus estimate of $299.85 million.
When did Precision Drilling's stock split?: Precision Drilling's stock 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 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$68.05.
How much money does Precision Drilling make?: Precision Drilling (TSE:PD) has a market capitalization of C$924.46 million and generates C$1.23 billion in revenue each year.
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 9/26/2022 by MarketBeat.com Staff

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