Precision Drilling Corporation (PDS)

NYSE: PDS · Real-Time Price · USD
65.14
+2.37 (3.78%)
Nov 20, 2024, 4:00 PM EST - Market closed
3.78%
Market Cap 914.64M
Revenue (ttm) 1.44B
Net Income (ttm) 179.96M
Shares Out 14.07M
EPS (ttm) 12.37
PE Ratio 5.08
Forward PE 7.62
Dividend n/a
Ex-Dividend Date n/a
Volume 90,039
Open 63.19
Previous Close 62.77
Day's Range 63.07 - 65.36
52-Week Range 49.67 - 79.07
Beta 2.75
Analysts Buy
Price Target 95.00 (+45.84%)
Earnings Date Oct 29, 2024

About PDS

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 incl... [Read more]

Sector Energy
Founded 1951
Employees 5,000
Stock Exchange NYSE
Ticker Symbol PDS
Full Company Profile

Financial Performance

Financial numbers in CAD Financial Statements

Analyst Forecast

According to one analyst, the rating for PDS stock is "Buy" and the 12-month stock price forecast is $95.0.

Price Target
$95.0
(45.84% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Drill Bit Market Size Will Hit USD 4.12 Billion by 2032, Owing to Increasing Demand for Precision Drilling Technologies | Report by SNS Insider

“The global drill bit market is expanding rapidly, driven by rising demand from industries like oil & gas, mining, aerospace, and construction for durable, high-performance drilling technologies.” “Th...

1 day ago - GlobeNewsWire

Precision Drilling: Capitalizing On Strong Activity In Canada

Precision Drilling's Q3 report shows strong performance in Canada, where rig demand is at multiyear highs. While the U.S. market remains a weakness, Precision Drilling is generating adequate margins o...

3 days ago - Seeking Alpha

Precision Drilling Corporation (PDS) Q3 2024 Earnings Conference Call Transcript

Precision Drilling Corporation (NYSE:PDS) Q3 2024 Earnings Conference Call October 30, 2024 1:00 PM ET Company Participants Lavonne Zdunich - VP, IR Carey Ford - CFO Kevin Neveu - President and CEO C...

21 days ago - Seeking Alpha

Precision Drilling Announces 2024 Third Quarter Unaudited Financial Results

CALGARY, Alberta, Oct. 29, 2024 (GLOBE NEWSWIRE) -- This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of t...

22 days ago - GlobeNewsWire

Precision Drilling Corporation 2024 Third Quarter Results Conference Call and Webcast

CALGARY, Alberta, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) intends to release its 2024 third quarter results after the market closes on Tuesday, October 29, 2024, a...

7 weeks ago - GlobeNewsWire

Precision Drilling: Get 20% Free Cash Flow Yield At The Cyclical Bottom

U.S. drilling activity is at a cyclical bottom, but Canada is at multiyear highs. The Canadian exposure and its high-spec rigs allow Precision Drilling to maintain a 20% FCF yield even now. Investors ...

2 months ago - Seeking Alpha

Precision Drilling Announces Renewal of Normal Course Issuer Bid

CALGARY, Alberta, Sept. 13, 2024 (GLOBE NEWSWIRE) -- This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of ...

2 months ago - GlobeNewsWire

Precision Drilling Corporation (PDS) Q2 2024 Earnings Call Transcript

Precision Drilling Corporation (NYSE:PDS) Q2 2024 Earnings Conference Call July 31, 2024 1:00 PM ET Company Participants Lavonne Zdunich – Vice President-Investor Relations Kevin Neveu – President an...

4 months ago - Seeking Alpha

Precision Drilling Announces 2024 Second Quarter Unaudited Financial Results

CALGARY, Alberta, July 30, 2024 (GLOBE NEWSWIRE) -- This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of t...

4 months ago - GlobeNewsWire

Precision Drilling: Automation Makes It A Buy

Precision Drilling Corporation is experiencing growth in service rigs, driven by Trans Mountain pipeline expansion and regulatory spending requirements, potentially accelerating demand for the stock. ...

4 months ago - Seeking Alpha

Precision Drilling Corporation 2024 Second Quarter Results Conference Call and Webcast

CALGARY, Alberta, July 03, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) intends to release its 2024 second quarter results after the market closes on Tuesday, July 30, 2024, and...

5 months ago - GlobeNewsWire

Precision Drilling Corporation Announces Voting Results from the 2024 Annual and Special Meeting of Shareholders

CALGARY, Alberta, May 16, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision or the Company) is pleased to announce the results of the election of board members at its 2024 Annual and ...

6 months ago - GlobeNewsWire

Precision Drilling Corporation (PDS) Q1 2024 Earnings Call Transcript

Precision Drilling Corporation (NYSE:PDS) Q1 2024 Earnings Conference Call April 25, 2024 2:00 PM ET Company Participants Lavonne Zdunich - Vice President, Investor Relations Kevin Neveu - President ...

7 months ago - Seeking Alpha

Precision Drilling Announces 2024 First Quarter Unaudited Financial Results

CALGARY, Alberta, April 25, 2024 (GLOBE NEWSWIRE) -- This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of ...

7 months ago - GlobeNewsWire

Precision Drilling Corporation Announces Filing of Management Information Circular, Virtual-Only Annual and Special Meeting of Shareholders, and 2023 ESG Performance Data

CALGARY, Alberta, April 03, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision or the Company) (TSX:PD; NYSE:PDS) announces today the filing of its Management Information Circular (the...

8 months ago - GlobeNewsWire

Precision Drilling Corporation 2024 First Quarter Results Conference Call and Webcast

CALGARY, Alberta, April 02, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) intends to release its 2024 first quarter results before the market opens on Thursday, April 25, 2024, a...

8 months ago - GlobeNewsWire

Precision Drilling Corporation Announces Filing of Annual Disclosure Documents

CALGARY, Alberta, March 04, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) announces that it has filed its annual disclosure documents with the securities commissions in each of t...

9 months ago - GlobeNewsWire

Precision Drilling Corporation (PDS) Q4 2023 Earnings Call Transcript

Precision Drilling Corporation (PDS) Q4 2023 Earnings Call Transcript

10 months ago - Seeking Alpha

Precision Drilling Reports 2023 Fourth Quarter and Year-End Unaudited Financial Results

CALGARY, Alberta, Feb. 06, 2024 (GLOBE NEWSWIRE) -- This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of t...

10 months ago - GlobeNewsWire

Precision Drilling Meets 2023 Debt Repayment and Share Repurchase Targets and Provides Capital Allocation, Financial and Operational Updates

CALGARY, Alberta, Jan. 05, 2024 (GLOBE NEWSWIRE) -- This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of t...

11 months ago - GlobeNewsWire

Precision Drilling Corporation 2023 Fourth Quarter and Year-End Results Conference Call and Webcast

CALGARY, Alberta, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision”) intends to release its 2023 fourth quarter and year-end results before the market opens on Tuesday, Feb...

11 months ago - GlobeNewsWire

Precision Drilling Corp: Put A Driller In Your Stocking

Precision Drilling Corp (PDS) is being undervalued in the OFS market despite projected growth in their Canadian client base for 2024. Analysts rate PDS as a buy with price targets ranging from $83 to ...

11 months ago - Seeking Alpha

Precision Drilling: Bullish On Canadian Oilfield Services Stocks Going Into 2024

Echoing the events from this past spring, land drillers have sold off again and have possibly created another buying opportunity. The Canadian players Precision Drilling and Ensign Energy appear parti...

1 year ago - Seeking Alpha

Precision Drilling Completes Acquisition of CWC Energy Services Corp.

CALGARY, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) -- This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of t...

1 year ago - GlobeNewsWire

Precision Drilling Corporation (PDS) Q3 2023 Earnings Call Transcript

Precision Drilling Corporation (NYSE:PDS) Q3 2023 Earnings Conference Call October 26, 2023 2:00 PM ET Company Participants Lavonne Zdunich - Director of Investor Relations Carey Ford - Senior Vice P...

1 year ago - Seeking Alpha