Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related services and products. More Details
Fair value with mediocre balance sheet.
Share Price & News
How has Precision Drilling's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PD is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: PD's weekly volatility (11%) has been stable over the past year.
7 Day Return
CA Energy Services
1 Year Return
CA Energy Services
Return vs Industry: PD exceeded the Canadian Energy Services industry which returned -33% over the past year.
Return vs Market: PD underperformed the Canadian Market which returned 2.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Precision Drilling's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StWould Shareholders Who Purchased Precision Drilling's (TSE:PD) Stock Five Years Be Happy With The Share price Today?
1 month ago | Simply Wall StWhat Did Precision Drilling's (TSE:PD) CEO Take Home Last Year?
2 months ago | Simply Wall StIs Precision Drilling (TSE:PD) A Risky Investment?
Is Precision Drilling undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PD (CA$29.47) is trading below our estimate of fair value (CA$71.77)
Significantly Below Fair Value: PD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PD is unprofitable, so we can't compare its PE Ratio to the CA Energy Services industry average.
PE vs Market: PD is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PD's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PD is good value based on its PB Ratio (0.3x) compared to the CA Energy Services industry average (0.5x).
How is Precision Drilling forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PD is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: PD is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: PD is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: PD's revenue (5.5% per year) is forecast to grow slower than the Canadian market (7.8% per year).
High Growth Revenue: PD's revenue (5.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PD is forecast to be unprofitable in 3 years.
How has Precision Drilling performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PD is currently unprofitable.
Growing Profit Margin: PD is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PD is unprofitable, but has reduced losses over the past 5 years at a rate of 27.4% per year.
Accelerating Growth: Unable to compare PD's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PD is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-56.7%).
Return on Equity
High ROE: PD has a negative Return on Equity (-5.73%), as it is currently unprofitable.
How is Precision Drilling's financial position?
Financial Position Analysis
Short Term Liabilities: PD's short term assets (CA$382.2M) exceed its short term liabilities (CA$162.0M).
Long Term Liabilities: PD's short term assets (CA$382.2M) do not cover its long term liabilities (CA$1.4B).
Debt to Equity History and Analysis
Debt Level: PD's debt to equity ratio (93%) is considered high.
Reducing Debt: PD's debt to equity ratio has increased from 89.2% to 93% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable PD has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PD is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 48.6% per year.
What is Precision Drilling current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PD is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PD's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kevin Neveu (59 yo)
Mr. Kevin A. Neveu B.Sc, P.Eng, has been the Chief Executive Officer and President of Precision Drilling Corporation, the Administrator of Precision Drilling Trust since January, 2007. Mr. Neveu served as ...
CEO Compensation Analysis
Compensation vs Market: Kevin's total compensation ($USD5.21M) is above average for companies of similar size in the Canadian market ($USD793.66K).
Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.
|Senior VP & CFO||4.75yrs||CA$2.42m||0.094% |
|Chief Administrative Officer||2.5yrs||CA$1.96m||0.044% |
|Senior VP||4.67yrs||CA$1.84m||0.044% |
|Chief Marketing Officer||1.5yrs||CA$2.33m||0.060% |
|Executive Vice-President and Chief Operating Officer||no data||no data||no data|
|Chief Technology Officer||2.5yrs||CA$2.01m||0% |
|Manager of Investor Relations||no data||no data||no data|
|Senior Vice President of International Drilling Operations||no data||no data||0% |
|Senior Vice President of North American Drilling Operation||14yrs||CA$1.39m||0.0052% |
|Senior Vice President of Global Operations Excellence||1.5yrs||no data||0.0045% |
Experienced Management: PD's management team is considered experienced (4 years average tenure).
|Independent Chairman of the Board||3.67yrs||CA$391.38k||0.0091% |
|Independent Director||12.08yrs||CA$278.61k||0.043% |
|Independent Director||2.33yrs||CA$258.71k||0.026% |
|Independent Director||9.33yrs||CA$286.57k||0.018% |
|Independent Director||3.08yrs||CA$258.71k||0.042% |
|Independent Director||9.67yrs||CA$258.71k||0.066% |
|Independent Director||3.33yrs||CA$264.68k||0.024% |
Experienced Board: PD's board of directors are considered experienced (6.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PD insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Precision Drilling Corporation's company bio, employee growth, exchange listings and data sources
- Name: Precision Drilling Corporation
- Ticker: PD
- Exchange: TSX
- Founded: 1951
- Industry: Oil and Gas Drilling
- Sector: Energy
- Market Cap: CA$430.675m
- Shares outstanding: 13.67m
- Website: https://www.precisiondrilling.com
Number of Employees
- Precision Drilling Corporation
- 525–8th Avenue SW
- Suite 800
- T2P 1G1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PD||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Sep 1988|
|PDS||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Sep 1988|
|PRE1||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Sep 1988|
Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related services and products. The company operates in two segments, Contract Drilling Services, and ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/16 00:23|
|End of Day Share Price||2021/01/15 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.