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Precision Drilling CorporationNYSE:PDS Stock Report

Market Cap US$1.0b
Share Price
n/a
1Y58.6%
7D6.1%
1D-0.3%
Portfolio Value
​
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Precision Drilling Corporation

NYSE:PDS Stock Report

Market Cap: US$1.0b

Precision Drilling (PDS) Stock Overview

A drilling company, provides onshore drilling services to exploration and production companies in the oil and natural gas and geothermal industries in the United States, Canada, and internationally. More details

PDS fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance0/6
Financial Health5/6
Dividends0/6

Rewards

Trading at 72.9% below our estimate of its fair value

Earnings are forecast to grow 109.8% per year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 33.4%

Risk Analysis

Significant insider selling over the past 3 months


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Precision Drilling Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for Precision Drilling
Historical stock prices
Current Share PriceCA$80.34
52 Week HighCA$103.80
52 Week LowCA$48.59
Beta1.27
1 Month Change-16.35%
3 Month Change-12.88%
1 Year Change58.62%
3 Year Change52.88%
5 Year Change131.59%
Change since IPO359.09%

Recent News & Updates

Seeking Alpha • Jun 26

Precision Drilling: Exactly Where I Want To Put My Money Now

Summary Precision Drilling earns a Strong Buy rating due to stable, resilient EBITDA near C$500 million and a market cap of C$1.01 billion. PDS's vertically integrated model and focus on high-spec rig upgrades drive lower operating expenses and sustainable reinvestment, with CapEx at 53% of EBITDA. Despite industry rig count declines, PDS increased active rigs in both Canada and the US, positioning for rising LNG and AI-driven energy demand. Consistent cash generation, disciplined buybacks, and attractive forward EBITDA multiples underpin the compelling risk/reward profile. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Jun 26

Precision Drilling: Exactly Where I Want To Put My Money Now

Summary Precision Drilling earns a Strong Buy rating due to stable, resilient EBITDA near C$500 million and a market cap of C$1.01 billion. PDS's vertically integrated model and focus on high-spec rig upgrades drive lower operating expenses and sustainable reinvestment, with CapEx at 53% of EBITDA. Despite industry rig count declines, PDS increased active rigs in both Canada and the US, positioning for rising LNG and AI-driven energy demand. Consistent cash generation, disciplined buybacks, and attractive forward EBITDA multiples underpin the compelling risk/reward profile. Read the full article on Seeking Alpha
Seeking Alpha • Nov 18

Precision Drilling: Capitalizing On Strong Activity In Canada

Summary 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 on its super spec rigs that remain in tight supply. When U.S. activity rebounds, Precision Drilling will benefit from the much higher pricing that will be necessary to balance the market. Until that happens, the 20% FCF yield ensures value generation from deleveraging and shareholder returns. Read the full article on Seeking Alpha
Seeking Alpha • Sep 24

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

Summary 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 can benefit from Precision Drilling's buybacks while waiting for the turnaround in the U.S. Read the full article on Seeking Alpha
Seeking Alpha • Mar 14

Precision Drilling: The Seagulls Are Missing A Bet

Summary Precision Drilling is expected to face a decline in the Canadian rig count as the spring thaw approaches. Analysts have downgraded their EPS forecasts for PDS in Q2 2024, despite a bullish outlook for Q1 2024. PDS stock is currently sitting just below its resistance line, indicating potential downside risk. We rate PDS as a sell in anticipation of seasonal market softness. Read the full article on Seeking Alpha
Seeking Alpha • Dec 22

Precision Drilling: Put A Driller In Your Stocking

Summary Precision Drilling Corporation 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 $107, implying potential for a 2-bagger from current prices. PDS is the leading drilling contractor in Canada and expects a strong start to 2024 with customer demand exceeding previous levels. We rate PDS as a Strong Buy. Read the full article on Seeking Alpha
Seeking Alpha • Feb 08

Precision Drilling Q4 2022 Earnings Preview

Precision Drilling (NYSE:PDS) is scheduled to announce Q4 earnings results on Thursday, February 9, before market open. The consensus EPS estimate is $3.20 and the consensus revenue estimate is $364.66M (+23.5% Y/Y). Over the last 3 months, EPS estimates have seen 2 upward revisions and 0 downward. Revenue estimates have seen 0 upward revisions and 2 downward.
Seeking Alpha • Oct 26

Precision Drilling Q3 2022 Earnings Preview

Precision Drilling (NYSE:PDS) is scheduled to announce Q3 earnings results on Thursday, Oct. 27, before market open. The consensus EPS estimate is $0.55 and the consensus revenue estimate is $306.92M (+20.9% Y/Y). Over the last 2 years, PDS has beaten EPS estimates 38% of the time and has beaten revenue estimates 75% of the time. Over the last 3 months, EPS estimates have seen 4 upward revisions. Revenue estimates have seen 1 upward revision and 2 downward.
Seeking Alpha • Aug 24

Precision Drilling receives TSX approval to renew normal course issuer bid

Precision Drilling (NYSE:PDS) has received TSX approval to implement a normal course issuer bid (NCIB) to acquire up to 1,148,771 common shares, or ~10% of the public float as of Aug. 15, 2022 for cancellation. Purchases under the bid may commence on Aug. 29, 2022 and will terminate no later than Aug. 28, 2023. The NCIB renews the existing bid, which is scheduled to terminate on Aug. 26, 2022. Pursuant to its existing NCIB, the company has purchased 60,796 shares on the TSX, NYSE and alternative trading systems at a weighted average purchase price of C$82.24/share. The existing bid allows for purchase of up to 1,317,158 common shares through Aug. 26.
Seeking Alpha • Jul 26

Precision Drilling Q2 2022 Earnings Preview

Precision Drilling (NYSE:PDS) is scheduled to announce Q2 earnings results on Wednesday, July 27th, before market open. The consensus EPS Estimate is -C$2.36 (+58.7% Y/Y) and the consensus Revenue Estimate is C$294.95M (+46.5% Y/Y). Over the last 3 months, EPS estimates have seen 0 upward revisions and 1 downward. Revenue estimates have seen 3 upward revisions and 0 downward.
Seeking Alpha • Mar 28

Beware Of The Risk Of Precision Drilling

The price of oil has rallied to a 13-year high level thanks to the tight supply from OPEC and the recent invasion of Russia in Ukraine. This is ideal for the business of PDS. However, PDS is facing some secular headwinds, which are likely to return to the front stage whenever the war between Russia and Ukraine comes to an end.
Seeking Alpha • Dec 30

Precision Drilling: Good Buying Opportunity

Precision is currently sitting on the 200-day moving average after falling 30% since mid-October. Precision is cleaning up its balance sheet and will be in a very good spot if we continue to see higher oil prices. Precision is changing the industry with their Alpha technology and that will help pad revenues down the road.
Seeking Alpha • Oct 01

Take Advantage Of The Rally And Sell Precision Drilling

The stock of PDS has more than doubled this year thanks to the rally of the price of oil to a fresh 3-year high. However, PDS has incurred excessive losses for seven consecutive years and it is still far from becoming profitable. It also has a high debt load.
Seeking Alpha • Jul 18

Precision Drilling: Medium-Term Margin Growth Remains The Key

Drilling activity has been increasing in the US and Canada; expect Canada to contribute to PDS's free cash flow growth by the end of 2021. Higher input costs can increase operating expenses; however, pricing hike can mitigate the adverse effect in the medium term. The company aims to slash debt significantly by 2022, although the current cash flow dry-up is a concern. The stock is relatively undervalued at this level.

Shareholder Returns

PDSUS Energy ServicesUS Market
7D6.1%4.5%0.6%
1Y58.6%47.2%19.5%

Return vs Industry: PDS exceeded the US Energy Services industry which returned 47.2% over the past year.

Return vs Market: PDS exceeded the US Market which returned 19.5% over the past year.

Price Volatility

Is PDS's price volatile compared to industry and market?
PDS volatility
PDS Average Weekly Movement6.6%
Energy Services Industry Average Movement7.5%
Market Average Movement7.3%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.2%

Stable Share Price: PDS has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: PDS's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19515,245Carey Fordwww.precisiondrilling.com

Precision Drilling Corporation, a drilling company, provides onshore drilling services to exploration and production companies in the oil and natural gas and geothermal industries in the United States, Canada, and internationally. It 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 oil, natural gas, and geothermal industry.

Precision Drilling Corporation Fundamentals Summary

How do Precision Drilling's earnings and revenue compare to its market cap?
PDS fundamental statistics
Market capUS$1.05b
Earnings (TTM)-US$10.80m
Revenue (TTM)US$1.32b
0.8x
P/S Ratio
-96.2x
P/E Ratio

Is PDS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PDS income statement (TTM)
RevenueCA$1.87b
Cost of RevenueCA$1.27b
Gross ProfitCA$602.48m
Other ExpensesCA$617.78m
Earnings-CA$15.29m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 28, 2026

Earnings per share (EPS)-1.18
Gross Margin32.16%
Net Profit Margin-0.82%
Debt/Equity Ratio40.9%

How did PDS perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/10 23:03
End of Day Share Price 2026/07/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Precision Drilling Corporation is covered by 33 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tim MonachelloATB Cormark
Waqar SyedATB Cormark
Laique Ahmad Amir ArifATB Cormark Historical (Cormark Securities)