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TSE:PD

Precision Drilling (PD) Stock Price, News & Analysis

C$97.57
+0.72 (+0.74%)
(As of 05/27/2024 ET)
Today's Range
C$96.59
C$97.84
50-Day Range
C$87.86
C$103.91
52-Week Range
C$56.42
C$104.90
Volume
29,420 shs
Average Volume
84,428 shs
Market Capitalization
C$1.41 billion
P/E Ratio
5.92
Dividend Yield
0.29%
Price Target
C$127.09

Precision Drilling MarketRank™ Stock Analysis

Analyst Rating
Buy
3.11 Rating Score
Upside/​Downside
30.3% Upside
C$127.09 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
C$3,341 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.94 out of 5 stars

PD stock logo

About Precision Drilling Stock (TSE:PD)

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.

PD Stock Price History

PD Stock News Headlines

Precision Drilling: Q1 Earnings Snapshot
Precision Drilling Corporation (PD.TO)
Precision Drilling Corp.
PD:CA Precision Drilling Corporation
See More Headlines
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Company Calendar

Last Earnings
4/25/2024
Today
5/27/2024
Next Earnings (Estimated)
7/25/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas Drilling
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
5,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$127.09
High Stock Price Target
C$140.00
Low Stock Price Target
C$100.00
Potential Upside/Downside
+30.3%
Consensus Rating
Buy
Rating Score (0-4)
3.11
Research Coverage
9 Analysts

Profitability

Net Income
C$229.93 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$1.91 billion
Cash Flow
C$2.90 per share
Book Value
C$112.96 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.41 billion
Optionable
Not Optionable
Beta
2.90
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Key Executives

  • Mr. Kevin A. Neveu B.Sc. (Age 63)
    P.Eng, President, CEO & Director
    Comp: $2.71M
  • Mr. Carey Thomas Ford C.F.A.
    Chief Financial Officer
  • Mr. Shuja U. Goraya
    Chief Technology Officer
  • Ms. Veronica H. Foley
    Chief Legal & Compliance Officer
  • Mr. Gene C. Stahl (Age 50)
    President of North American Drilling
    Comp: $1.21M
  • Mr. Darren J. Ruhr
    Chief Administrative Officer
  • Ms. Lavonne Zdunich
    Director of Investor Relations
  • Dustin Honing
    Manager of Investor Relations & Corporate Development
  • Mr. Grant Hunter
    Senior Vice President of North American Drilling Operation
  • Mr. Ross Steven Pickering (Age 78)
    Senior Vice President of Global Operations Excellence

PD Stock Analysis - Frequently Asked Questions

Should I buy or sell Precision Drilling stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last twelve months. There are currently 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 target for 2024?

9 equities research analysts have issued 12-month target prices for Precision Drilling's stock. Their PD share price targets range from C$100.00 to C$140.00. On average, they expect the company's share price to reach C$127.09 in the next year. This suggests a possible upside of 30.3% 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 2024?

Precision Drilling's stock was trading at C$71.96 on January 1st, 2024. Since then, PD stock has increased by 35.6% and is now trading at C$97.57.
View the best growth stocks for 2024 here
.

When is Precision Drilling's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our PD earnings forecast
.

How were Precision Drilling's earnings last quarter?

Precision Drilling Co. (TSE:PD) posted its earnings results on Thursday, April, 25th. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $2.73 by $0.20. The company had revenue of $527.79 million for the quarter, compared to analysts' expectations of $539.50 million. Precision Drilling had a trailing twelve-month return on equity of 15.46% and a net margin of 12.06%.

Is Precision Drilling a good dividend stock?

Precision Drilling (TSE:PD) pays an annual dividend of C$0.28 per share and currently has a dividend yield of 5.87%. PD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 1.70%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for PD.

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 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?
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.

This page (TSE:PD) was last updated on 5/27/2024 by MarketBeat.com Staff

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