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NYSE:PDS

Precision Drilling (PDS) Stock Price, News & Analysis

Precision Drilling logo
$58.47 +0.50 (+0.86%)
(As of 12/24/2024 04:45 PM ET)

About Precision Drilling Stock (NYSE:PDS)

Key Stats

Today's Range
$57.47
$58.70
50-Day Range
$55.86
$66.31
52-Week Range
$51.53
$79.07
Volume
22,883 shs
Average Volume
69,261 shs
Market Capitalization
$822.50 million
P/E Ratio
4.94
Dividend Yield
N/A
Price Target
$112.00
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
70th Percentile Overall Score

PDS MarketRank™: 

Precision Drilling scored higher than 70% of companies evaluated by MarketBeat, and ranked 120th out of 274 stocks in the oils/energy sector. 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 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Precision Drilling has received no research coverage in the past 90 days.

  • Read more about Precision Drilling's stock forecast and price target.
  • Earnings Growth

    Earnings for Precision Drilling are expected to grow by 48.33% in the coming year, from $6.29 to $9.33 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Precision Drilling is 4.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.15.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Precision Drilling is 4.94, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.54.

  • Price to Book Value per Share Ratio

    Precision Drilling has a P/B Ratio of 0.72. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.28% of the float of Precision Drilling has been sold short.
  • Short Interest Ratio / Days to Cover

    Precision Drilling has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Precision Drilling has recently increased by 38.22%, indicating that investor sentiment is decreasing significantly.
  • Percentage of Shares Shorted

    1.28% of the float of Precision Drilling has been sold short.
  • Short Interest Ratio / Days to Cover

    Precision Drilling has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Precision Drilling has recently increased by 38.22%, indicating that investor sentiment is decreasing significantly.
  • Search Interest

    Only 1 people have searched for PDS on MarketBeat 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 0.95% of the stock of Precision Drilling is held by insiders.

  • Percentage Held by Institutions

    48.86% 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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PDS Stock News Headlines

Brokers Offer Predictions for PDS FY2027 Earnings
Why I'm telling friends to avoid gold stocks
Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."
Precision Drilling: They Usually Don't Come This Cheap
Evercore ISI Remains a Buy on Precision Drilling (PDS)
See More Headlines

PDS Stock Analysis - Frequently Asked Questions

Precision Drilling's stock was trading at $54.29 at the beginning of 2024. Since then, PDS shares have increased by 7.7% and is now trading at $58.47.
View the best growth stocks for 2024 here
.

Precision Drilling Co. (NYSE:PDS) released its earnings results on Tuesday, July, 30th. The oil and gas company reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.62) by $2.06. The firm's revenue for the quarter was up .8% compared to the same quarter last year.

Precision Drilling shares 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 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.

Precision Drilling subsidiaries include these companies: Grey Wolf Drilling Limited, Grey Wolf Drilling (Barbados) Ltd., Precision Completion & Production Services Ltd., Precision Directional Services, Precision Directional Services Ltd., Precision Diversified Oilfield Services Corp, Precision Diversified Oilfield Services Corp, and others.

Top institutional investors of Precision Drilling include National Bank of Canada FI (5.17%), Wellington Management Group LLP (0.95%), Polar Asset Management Partners Inc. (0.49%) and Franklin Resources Inc. (0.45%).

Shares of PDS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Precision Drilling investors own include Broadcom (AVGO), NVIDIA (NVDA), Meta Platforms (META), EMCOR Group (EME), Arista Networks (ANET), General Electric (GE) and Adobe (ADBE).

Company Calendar

Last Earnings
7/30/2024
Today
12/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Drilling oil & gas wells
Sub-Industry
Petroleum And Natural Gas
Employees
5,560
Year Founded
1951

Price Target and Rating

Average Stock Price Target
$112.00
High Stock Price Target
$112.00
Low Stock Price Target
$112.00
Potential Upside/Downside
+91.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$214.27 million
Pretax Margin
10.95%

Debt

Sales & Book Value

Annual Sales
$1.94 billion
Cash Flow
$25.42 per share
Book Value
$81.42 per share

Miscellaneous

Free Float
13,933,000
Market Cap
$822.50 million
Optionable
Optionable
Beta
1.96

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This page (NYSE:PDS) was last updated on 12/25/2024 by MarketBeat.com Staff
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