Precision Drilling (PD) Stock Price, News & Analysis

Company Overview

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 through Contract Drilling Services and Completion and Production Services segments. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the geothermal, oil and natural gas industry. This segment offers services include land and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture and repair of drilling and service rig equipment. In addition, it operates land drilling rigs in Canada, the United States, and the Middle East, as well as operates AlphaAutomation, AlphaApps, and AlphaAnalytics data services. The company offers EverGreen suite of environmental solutions comprising EverGreenMonitoring, EverGreenEnergy, and EverGreen Fuel Cell. The Completion and Production Services segment provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. This segment operates well completion and workover service rigs in Canada and the United States. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.

Key Stats

• Today's Range: C$87.90 to C$89.50
• 50-Day Range: C$81.73 to C$106.22
• 52-Week Range: C$67.46 to C$109.20
• Volume: 96,274 shs
• Average Volume: 84,989 shs
• Market Capitalization: C$1.26 billion
• P/E Ratio: 5.56
• Dividend Yield: 0.31%
• Price Target: C$129.00
• Consensus Rating: Buy

Precision Drilling Stock Analysis - MarketRank™

Precision Drilling scored higher than 91% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.6 / 5
• Analyst Rating: Buy

Consensus Rating

Precision Drilling has received a consensus rating of Buy. The company's average rating score is 3.11, and is based on 8 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Precision Drilling has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Precision Drilling is 5.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.57.

Price to Earnings Ratio vs. Sector

The P/E ratio of Precision Drilling is 5.56, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 110.84.

Price to Earnings Growth Ratio

Due to a projected decrease in earnings for Precision Drilling, their PEG ratio cannot be calculated.

Price to Book Value per Share Ratio

Precision Drilling has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for PD.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Precision Drilling is a leading dividend payer. It pays a dividend yield of 5.87%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Precision Drilling does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Precision Drilling is 1.75%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for PD.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.16

News Sentiment

Precision Drilling has a news sentiment score of 0.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.45 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Precision Drilling this week, compared to 1 article on an average week.

Search Interest

Only 2 people have searched for PD on MarketBeat in the last 30 days. This is a decrease of -82% compared to the previous 30 days.

MarketBeat Follows

4 people have added Precision Drilling to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Precision Drilling insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$880,814.00 in company stock.

Percentage Held by Insiders

Only 2.12% of the stock of Precision Drilling is held by insiders.

Percentage Held by Institutions

66.40% of the stock of Precision Drilling is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PD Stock Analysis - Frequently Asked Questions

How have PD shares performed this year?

Precision Drilling's stock was trading at C$71.96 at the start of the year. Since then, PD stock has increased by 23.7% and is now trading at C$89.00.
View the best growth stocks for 2024 here.

How were Precision Drilling's earnings last quarter?

Precision Drilling Co. (TSE:PD) posted its earnings results on Tuesday, July, 30th. The company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of ($0.85) by $2.29. The firm had revenue of $429.21 million for the quarter, compared to the consensus estimate of $423.50 million. Precision Drilling had a trailing twelve-month return on equity of 15.01% and a net margin of 11.71%.

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.

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 other stocks do shareholders of Precision Drilling own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Precision Drilling investors own include Xtrackers California Municipal Bond ETF (CA), Endologix (ELGX), BlackRock (BLK), Hawkins (HWKN), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW) and Athabasca Oil (ATH).

Company Calendar

• Last Earnings: 7/30/2024
• Today: 10/07/2024
• Next Earnings (Confirmed): 10/29/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas Drilling
• Sub-Industry: Computer Software
• Current Symbol: TSE:PD
• CUSIP: N/A
• CIK: N/A
• Web: www.precisiondrilling.com
• Phone: +1-403-7164500
• Fax: N/A
• Employees: 950
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$129.00
• High Stock Price Target: C$143.00
• Low Stock Price Target: C$100.00
• Potential Upside/Downside: +44.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.11
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$16.02
• Trailing P/E Ratio: 5.56
• Forward P/E Ratio: 7.82
• P/E Growth: -3.24
• Net Income: C$223.73 million
• Net Margins: 11.71%
• Pretax Margin: N/A
• Return on Equity: 15.01%
• Return on Assets: 4.87%

Debt

• Debt-to-Equity Ratio: 56.37
• Current Ratio: 1.51
• Quick Ratio: 1.36

Sales & Book Value

• Annual Sales: C$1.91 billion
• Price / Sales: 0.66
• Cash Flow: C$2.65 per share
• Price / Cash Flow: 33.65
• Book Value: C$114.68 per share
• Price / Book: 0.78

Miscellaneous

• Outstanding Shares: 14,110,000
• Free Float: N/A
• Market Cap: C$1.26 billion
• Optionable: Not Optionable
• Beta: 2.80