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TSE:PD

Precision Drilling (PD) Stock Price, News & Analysis

Precision Drilling logo
C$81.50 +1.10 (+1.37%)
(As of 12/20/2024 05:17 PM ET)

About Precision Drilling Stock (TSE:PD)

Key Stats

Today's Range
C$80.00
C$82.81
50-Day Range
C$79.50
C$92.70
52-Week Range
C$68.92
C$109.20
Volume
121,170 shs
Average Volume
85,732 shs
Market Capitalization
C$1.15 billion
P/E Ratio
5.09
Dividend Yield
0.34%
Price Target
C$127.11
Consensus Rating
Buy

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.

Precision Drilling Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
72nd Percentile Overall Score

PD MarketRank™: 

Precision Drilling scored higher than 72% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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 only been the subject of 1 research reports in the past 90 days.

  • Read more about Precision Drilling's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Precision Drilling is 5.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.40.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Precision Drilling is 5.09, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 95.81.

  • 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 0.71. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for PD.
  • 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%.

  • Read more about Precision Drilling's dividend.
  • Short Interest

    There is no current short interest data available for PD.
  • News Sentiment

    Precision Drilling has a news sentiment score of 0.18. 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 0.57 average news sentiment score of Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Precision Drilling this week, compared to 1 article on an average week.
  • Search Interest

    6 people have searched for PD on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Precision Drilling to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Precision Drilling insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

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

  • Percentage Held by Institutions

    65.26% of the stock of Precision Drilling is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Precision Drilling's insider trading history.
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PD Stock News Headlines

Research Analysts Issue Forecasts for TSE:PD FY2024 Earnings
Atb Cap Markets Brokers Lower Earnings Estimates for TSE:PD
$2 Trillion Disappears Because of Fed's Secretive New Move
$2 trillion has disappeared from the US government's books. The reason why is a new, secretive move being carried out by the Fed that has nothing to do with lowering or raising interest rates... but could soon have an enormous impact on your wealth.
See More Headlines

PD Stock Analysis - Frequently Asked Questions

Precision Drilling's stock was trading at C$71.96 at the start of the year. Since then, PD shares have increased by 13.3% and is now trading at C$81.50.
View the best growth stocks for 2024 here
.

Shares of Precision Drilling reverse split before market open 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.

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.

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).

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas Drilling
Sub-Industry
Computer Software
CIK
N/A
Fax
N/A
Employees
950
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$127.11
High Stock Price Target
C$142.00
Low Stock Price Target
C$100.00
Potential Upside/Downside
+56.0%
Consensus Rating
Buy
Rating Score (0-4)
3.11
Research Coverage
9 Analysts

Profitability

Net Income
C$223.73 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$1.91 billion
Cash Flow
C$2.42 per share
Book Value
C$114.68 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.15 billion
Optionable
Not Optionable
Beta
2.76
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This page (TSE:PD) was last updated on 12/22/2024 by MarketBeat.com Staff
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