Precision Drilling (NYSE:PDS) - Stock Price, News & Analysis

PDS Stock Overview

PDS fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	0/6
Past Performance	5/6
Financial Health	4/6
Dividends	0/6

Rewards

Risk Analysis

Has a high level of debt

Precision Drilling Corporation Competitors

Helmerich & Payne

NYSE:HP

US$4.2b

Seadrill

NYSE:SDRL

US$3.5b

Patterson-UTI Energy

NasdaqGS:PTEN

US$4.6b

Valaris

NYSE:VAL

US$4.9b

Price History & Performance

Summary of all time highs, changes and price drops for Precision Drilling
Historical stock prices
Current Share Price	CA$68.78
52 Week High	CA$77.21
52 Week Low	CA$41.56
Beta	2.92
1 Month Change	4.29%
3 Month Change	12.13%
1 Year Change	36.66%
3 Year Change	156.55%
5 Year Change	54.22%
Change since IPO	293.03%

Precision Drilling: The Seagulls Are Missing A Bet

Mar 14

Recent updates

Shareholder Returns

	PDS	US Energy Services	US Market
7D	2.1%	0.6%	1.2%
1Y	36.7%	18.2%	24.9%

Price Volatility

Is PDS's price volatile compared to industry and market?
PDS volatility
PDS Average Weekly Movement	5.2%
Energy Services Industry Average Movement	5.7%
Market Average Movement	6.0%
10% most volatile stocks in US Market	16.6%
10% least volatile stocks in US Market	3.0%

About the Company

Founded	Employees	CEO	Website
1951	5,000	Kevin Neveu	www.precisiondrilling.com

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.

Precision Drilling Corporation Fundamentals Summary

How do Precision Drilling's earnings and revenue compare to its market cap?
PDS fundamental statistics
Market cap	US$997.28m
Earnings (TTM)	US$168.29m
Revenue (TTM)	US$1.40b

5.9x

P/E Ratio

0.7x

P/S 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)
Revenue	CA$1.91b
Cost of Revenue	CA$1.20b
Gross Profit	CA$702.85m
Other Expenses	CA$472.92m
Earnings	CA$229.93m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	15.88
Gross Margin	36.86%
Net Profit Margin	12.06%
Debt/Equity Ratio	57.4%

How did PDS perform over the long term?

See historical performance and comparison

PDS Stock Overview

Rewards

Risk Analysis

Precision Drilling Corporation Competitors

NYSE:HP

US$4.2b

NYSE:SDRL

US$3.5b

NasdaqGS:PTEN

US$4.6b

NYSE:VAL

US$4.9b

Price History & Performance

Recent News & Updates

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Precision Drilling Corporation to Report Q1, 2024 Results on Apr 25, 2024

Precision Drilling: The Seagulls Are Missing A Bet

Full year 2023 earnings: EPS exceeds analyst expectations

Precision Drilling Corporation, Annual General Meeting, May 16, 2024

Chief Financial Officer recently sold US$1.7m worth of stock

Recent updates

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Precision Drilling Corporation to Report Q1, 2024 Results on Apr 25, 2024

Precision Drilling: The Seagulls Are Missing A Bet

Full year 2023 earnings: EPS exceeds analyst expectations

Precision Drilling Corporation, Annual General Meeting, May 16, 2024

Chief Financial Officer recently sold US$1.7m worth of stock

Full year 2023 earnings: EPS exceeds analyst expectations

Precision Drilling Corporation to Report Q4, 2023 Results on Feb 06, 2024

Precision Drilling: Put A Driller In Your Stocking

New minor risk - Shareholder dilution

Precision Drilling Corporation (TSX:PD) completed the acquisition of CWC Energy Services Corp. (TSXV:CWC) from BBU Alta Investments L.P., Brookfield BBP (CANADA) LP, Canada Pension Plan Investment Board, directors, officers and others.

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Investor sentiment deteriorates as stock falls 15%

Precision Drilling Corporation to Report Q3, 2023 Results on Oct 26, 2023

New minor risk - Shareholder dilution

Precision Drilling Corporation (TSX:PD) entered into a definitive agreement to acquire CWC Energy Services Corp. (TSXV:CWC) from BBU Alta Investments L.P., Brookfield BBP (CANADA) LP, Canada Pension Plan Investment Board, directors, officers and others for approximately CAD 110 million.

Precision Drilling Corporation (TSX:PD) entered into a definitive agreement to acquire CWC Energy Services Corp. (TSXV:CWC) from BBU Alta Investments L.P., Brookfield BBP (CANADA) LP, Canada Pension Plan Investment Board, directors, officers and others for approximately CAD 110 million.

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 15%

Precision Drilling Corporation to Report Q2, 2023 Results on Jul 27, 2023

Precision Drilling Corporation Provides Activity Update

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Senior VP & CFO recently sold US$691k worth of stock

Precision Drilling Corporation, Annual General Meeting, May 11, 2023

Full year 2022 earnings: Revenues exceed analyst expectations

Precision Drilling Q4 2022 Earnings Preview

Precision Drilling Corporation to Report Fiscal Year 2022 Results on Feb 09, 2023

Insufficient new directors

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Precision Drilling Q3 2022 Earnings Preview

Precision Drilling Corporation Appoints Lori A. Lancaster to Its Board of Directors

Precision Drilling Corporation to Report Q3, 2022 Results on Oct 27, 2022

Precision Drilling receives TSX approval to renew normal course issuer bid

Precision Drilling Corporation (TSX:PD) completed the acquisition of Well servicing business and associated rentals assets of High Arctic Energy Services Inc (TSX:HWO) for CAD 38.2 million.

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Precision Drilling Q2 2022 Earnings Preview

Precision Drilling Corporation (TSX:PD) entered into an asset purchase agreement to acquire Well servicing business and associated rentals assets of High Arctic Energy Services Inc (TSX:HWO) for CAD 38.2 million.

Precision Drilling Corporation to Report Q2, 2022 Results on Jul 27, 2022

Chief Administrative Officer recently sold US$100k worth of stock

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Insufficient new directors

Precision Drilling Corporation to Report Q1, 2022 Results on Apr 28, 2022

Beware Of The Risk Of Precision Drilling

Independent Director recently sold US$300k worth of stock

President recently sold US$1.2m worth of stock

Precision Drilling Corporation, Annual General Meeting, May 12, 2022

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Precision Drilling Announces Operational Updates

Precision Drilling: Good Buying Opportunity

Third quarter 2021 earnings released: CA$2.86 loss per share (vs CA$2.08 loss in 3Q 2020)

Take Advantage Of The Rally And Sell Precision Drilling

Second quarter 2021 earnings released: CA$5.71 loss per share (vs CA$3.56 loss in 2Q 2020)

Precision Drilling: Medium-Term Margin Growth Remains The Key

Precision Drilling Corporation Launches Evergreen Suite of Environmental Solutions

First quarter 2021 earnings released: CA$2.71 loss per share (vs CA$0.38 loss in 1Q 2020)

Full year 2020 earnings released: CA$8.76 loss per share (vs CA$0.46 profit in FY 2019)

New 90-day high: US$25.62

Precision Drilling Corporation, Annual General Meeting, May 13, 2021

Full year 2020 earnings released: CA$8.76 loss per share (vs CA$0.46 profit in FY 2019)