Precision Drilling (PDS) 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: $58.46 to $59.17
• 50-Day Range: $57.14 to $66.31
• 52-Week Range: $51.53 to $79.07
• Volume: 15,170 shs
• Average Volume: 68,936 shs
• Market Capitalization: $830.66 million
• P/E Ratio: 4.99
• Dividend Yield: N/A
• Price Target: $112.00
• Consensus Rating: Buy

Precision Drilling Stock Analysis - MarketRank™

Precision Drilling scored higher than 78% of companies evaluated by MarketBeat, and ranked 88th out of 272 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

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.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 48.33%

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 4.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.63.

Price to Earnings Ratio vs. Sector

The P/E ratio of Precision Drilling is 4.97, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.06.

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.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

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.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Precision Drilling does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

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

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.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.27

News Sentiment

Precision Drilling has a news sentiment score of 0.27. 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 0.69 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Precision Drilling this week, compared to 2 articles on an average week.

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.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

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.

PDS Stock Analysis - Frequently Asked Questions

How have PDS shares performed this year?

Precision Drilling's stock was trading at $54.29 at the start of the year. Since then, PDS stock has increased by 8.2% and is now trading at $58.76.
View the best growth stocks for 2024 here.

How were Precision Drilling's earnings last quarter?

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

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.

Does Precision Drilling have any subsidiaries?

Precision Drilling subsidiaries include 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 more.

Who are Precision Drilling's major shareholders?

Precision Drilling's top institutional investors 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%).

How do I buy shares of Precision Drilling?

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.
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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 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: 12/17/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Drilling oil & gas wells
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:PDS
• CUSIP: N/A
• CIK: 1013605
• Web: www.precisiondrilling.com
• Phone: (403) 716-4500
• Fax: 403-264-0251
• 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: +91.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $11.83
• Trailing P/E Ratio: 4.94
• Forward P/E Ratio: 9.29
• P/E Growth: N/A
• Net Income: $214.27 million
• Net Margins: 12.52%
• Pretax Margin: 10.95%
• Return on Equity: 10.06%
• Return on Assets: 5.54%

Debt

• Debt-to-Equity Ratio: 0.47
• Current Ratio: 1.54
• Quick Ratio: 1.41

Sales & Book Value

• Annual Sales: $1.94 billion
• Price / Sales: 0.42
• Cash Flow: $25.40 per share
• Price / Cash Flow: 2.30
• Book Value: $81.42 per share
• Price / Book: 0.72

Miscellaneous

• Outstanding Shares: 14,067,000
• Free Float: 13,933,000
• Market Cap: $821.93 million
• Optionable: Optionable
• Beta: 1.96