Should I buy or sell Precision Drilling stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last twelve months. There are currently 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" PD shares. View PD analyst ratings or view top-rated stocks .

What is Precision Drilling's stock price target for 2024?

9 brokerages have issued 12-month target prices for Precision Drilling's stock. Their PD share price targets range from C$100.00 to C$140.00. On average, they anticipate the company's stock price to reach C$124.91 in the next year. This suggests a possible upside of 36.1% from the stock's current price. View analysts price targets for PD or view top-rated stocks among Wall Street analysts .

How have PD shares performed in 2024?

Precision Drilling's stock was trading at C$71.96 at the start of the year. Since then, PD stock has increased by 27.6% and is now trading at C$91.79. View the best growth stocks for 2024 here .

When is Precision Drilling's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our PD earnings forecast .

How were Precision Drilling's earnings last quarter?

Precision Drilling Co. (TSE:PD) issued its quarterly earnings data on Tuesday, February, 6th. The company reported $4.70 earnings per share for the quarter, beating the consensus estimate of $2.82 by $1.88. The company had revenue of $506.87 million for the quarter, compared to analyst estimates of $476 million. Precision Drilling had a trailing twelve-month return on equity of 20.61% and a net margin of 14.93%.

Is Precision Drilling a good dividend stock?

Precision Drilling (TSE:PD) pays an annual dividend of C$0.28 per share and currently has a dividend yield of 5.87%. PD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 1.43%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for PD .

When did Precision Drilling's stock split?

Shares of Precision Drilling 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.

What other stocks do shareholders of Precision Drilling own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Precision Drilling investors own include Xtrackers California Municipal Bond ETF (CA) , Endologix (ELGX) , BlackRock (BLK) , Hawkins (HWKN) , Chipotle Mexican Grill (CMG) , Aegean Marine Petroleum Network (ANW) , Athabasca Oil (ATH) , Gran Tierra Energy (GTE) , Och-Ziff Capital Management Group (OZM) and ALJ Regional (ALJJ) .

How do I buy shares of Precision Drilling?

Shares of PD stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:PD

Precision Drilling (PD) Stock Price, News & Analysis

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C$91.79

-1.04 (-1.12%)

(As of 04/19/2024 ET)

Compare

Today's Range: C$91.16
▼
C$93.52
50-Day Range: C$80.43
▼
C$103.91
52-Week Range: C$56.42
▼
C$104.90

Volume: 80,141 shs
Average Volume: 82,160 shs
Market Capitalization: C$1.33 billion

P/E Ratio: 4.70
Dividend Yield: 0.31%
Price Target: C$124.91

Stock Analysis Analyst Forecasts Chart Competitors Earnings Headlines Insider Trades

Get Precision Drilling alerts:

Precision Drilling MarketRank™ Stock Analysis

Analyst Rating: Buy
3.11 Rating Score
Upside/Downside: 36.1% Upside
C$124.91 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.42
Based on 4 Articles This Week
Insider Trading: Selling Shares
C$1.33 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.42 out of 5 stars

4.6

Analyst's Opinion

Consensus Rating
Precision Drilling has received a consensus rating of Buy. The company's average rating score is 3.11, and is based on 8 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Precision Drilling has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for PD.

2.5

Dividend Strength

Dividend Leadership
Precision Drilling is a leading dividend payer. It pays a dividend yield of 5.87%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Precision Drilling does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Precision Drilling is 1.43%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PD.

2.5

News and Social Media Coverage

News Sentiment
Precision Drilling has a news sentiment score of 0.42. 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 news sentiment score is similar to the average news sentiment of Energy companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Precision Drilling this week, compared to 1 article on an average week.
Search Interest
Only 4 people have searched for PD on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
2 people have added Precision Drilling to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Precision Drilling insiders have sold 39,685.30% more of their company's stock than they have bought. Specifically, they have bought C$3,341.00 in company stock and sold C$1,329,227.00 in company stock.
Percentage Held by Insiders
Only 1.32% of the stock of Precision Drilling is held by insiders.
Percentage Held by Institutions
58.04% of the stock of Precision Drilling is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Precision Drilling is 4.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Precision Drilling is 4.70, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 94.09.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for Precision Drilling, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
Precision Drilling has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Precision Drilling Stock (TSE:PD)

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.

PD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PD Stock News Headlines

April 20, 2024 | americanbankingnews.com

Precision Drilling (TSE:PD) PT Raised to C$125.00

April 18, 2024 | americanbankingnews.com

Precision Drilling (PD) to Release Earnings on Thursday

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April 16, 2024 | americanbankingnews.com

Precision Drilling Co. (TSE:PD) Given Average Recommendation of "Buy" by Analysts

April 11, 2024 | americanbankingnews.com

Atb Cap Markets Analysts Reduce Earnings Estimates for Precision Drilling Co. (TSE:PD)

April 10, 2024 | americanbankingnews.com

Precision Drilling (TSE:PD) Sets New 1-Year High on Analyst Upgrade

April 4, 2024 | msn.com

TSX Today: What to Watch for in Stocks on Thursday, April 4

April 3, 2024 | finance.yahoo.com

Returns Are Gaining Momentum At Precision Drilling (TSE:PD)

April 20, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

March 8, 2024 | finance.yahoo.com

Precision Drilling Full Year 2023 Earnings: EPS Beats Expectations

March 2, 2024 | finance.yahoo.com

Precision Drilling Corporation (PD.TO)

February 22, 2024 | msn.com

Hunt Weighs Plan to Spur Pension Pots to Invest in UK Assets

February 22, 2024 | benzinga.com

Precision Drilling Stock (NYSE:PDS), Analyst Ratings, Price Targets, Predictions

February 16, 2024 | wsj.com

Precision Drilling Corp.

February 7, 2024 | finance.yahoo.com

Precision Drilling Corporation (NYSE:PDS) Q4 2023 Earnings Call Transcript

February 6, 2024 | marketwatch.com

Precision Drilling Shares Up On Debt Reduction, Shareholder Return Plans

February 6, 2024 | msn.com

Precision Drilling GAAP EPS of C$9.81, revenue of C$507M; initiates FY24 outlook

February 6, 2024 | theglobeandmail.com

Precision Drilling reports $146.7-million fourth-quarter profit, revenue edged lower

February 6, 2024 | finance.yahoo.com

Precision Drilling (PDS) Q4 Earnings and Revenues Top Estimates

February 2, 2024 | msn.com

VIDEO: Indiana officer rescues dogs clinging to edge of icy pond

February 2, 2024 | news.yahoo.com

GALLERY: Ron Seratte officially joins Abilene PD as Chief of Police

February 2, 2024 | finance.yahoo.com

DoseMe Expands Its Reseller Agreement with Primum Pharma into the MEA Market

February 2, 2024 | news.yahoo.com

Public asked to avoid area during Jacksonville ‘special police operation’

January 6, 2024 | seekingalpha.com

PD:CA Precision Drilling Corporation

January 5, 2024 | theglobeandmail.com

Precision Drilling meets debt reduction goal, on track to repay $500-million by 2025

January 5, 2024 | ca.finance.yahoo.com

Precision Drilling meets debt reduction goal, on track to repay $500 million by 2025

January 2, 2024 | morningstar.com

Precision Drilling Corp PD

See More Headlines

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Company Calendar

Last Earnings: 2/06/2024
Today: 4/19/2024
Next Earnings (Confirmed): 4/25/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Energy
Industry: Oil & Gas Drilling
Sub-Industry: N/A
Current Symbol: TSE:PD
CUSIP: N/A
CIK: N/A
Web: www.precisiondrilling.com
Phone: +1-403-7164500
Fax: N/A
Employees: 5,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$124.91
High Stock Price Target: C$140.00
Low Stock Price Target: C$100.00
Potential Upside/Downside: +36.1%
Consensus Rating: Buy
Rating Score (0-4): 3.11
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$19.53
Trailing P/E Ratio: 4.70
Forward P/E Ratio: 10.65
P/E Growth: -3.24
Net Income: C$289.24 million
Net Margins: 14.93%
Pretax Margin: N/A
Return on Equity: 20.61%
Return on Assets: 6.65%

Debt

Debt-to-Equity Ratio: 62.97
Current Ratio: 1.40
Quick Ratio: 1.36

Sales & Book Value

Annual Sales: C$1.94 billion
Price / Sales: 0.69
Cash Flow: C$2.73 per share
Price / Cash Flow: 33.65
Book Value: C$109.90 per share
Price / Book: 0.84

Miscellaneous

Outstanding Shares: 14,480,000
Free Float: N/A
Market Cap: C$1.33 billion
Optionable: Not Optionable
Beta: 2.92

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Key Executives

Mr. Kevin A. Neveu B.Sc. (Age 63)
P.Eng, President, CEO & Director
Comp: $2.71M
Mr. Carey Thomas Ford C.F.A.
Chief Financial Officer
Mr. Shuja U. Goraya
Chief Technology Officer
Ms. Veronica H. Foley
Chief Legal & Compliance Officer
Mr. Gene C. Stahl (Age 50)
President of North American Drilling
Comp: $1.21M
Mr. Darren J. Ruhr
Chief Administrative Officer
Ms. Lavonne Zdunich
Director of Investor Relations
Dustin Honing
Manager of Investor Relations & Corporate Development
Mr. Grant Hunter
Senior Vice President of North American Drilling Operation
Mr. Ross Steven Pickering (Age 78)
Senior Vice President of Global Operations Excellence

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

PD Stock Analysis - Frequently Asked Questions

Should I buy or sell Precision Drilling stock right now?: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last twelve months. There are currently 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" PD shares.
View PD analyst ratings or view top-rated stocks.
What is Precision Drilling's stock price target for 2024?: 9 brokerages have issued 12-month target prices for Precision Drilling's stock. Their PD share price targets range from C$100.00 to C$140.00. On average, they anticipate the company's stock price to reach C$124.91 in the next year. This suggests a possible upside of 36.1% from the stock's current price.
View analysts price targets for PD or view top-rated stocks among Wall Street analysts.
How have PD shares performed in 2024?: Precision Drilling's stock was trading at C$71.96 at the start of the year. Since then, PD stock has increased by 27.6% and is now trading at C$91.79.
View the best growth stocks for 2024 here.
When is Precision Drilling's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our PD earnings forecast.
How were Precision Drilling's earnings last quarter?: Precision Drilling Co. (TSE:PD) issued its quarterly earnings data on Tuesday, February, 6th. The company reported $4.70 earnings per share for the quarter, beating the consensus estimate of $2.82 by $1.88. The company had revenue of $506.87 million for the quarter, compared to analyst estimates of $476 million. Precision Drilling had a trailing twelve-month return on equity of 20.61% and a net margin of 14.93%.

Is Precision Drilling a good dividend stock?: Precision Drilling (TSE:PD) pays an annual dividend of C$0.28 per share and currently has a dividend yield of 5.87%. PD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 1.43%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for PD.
When did Precision Drilling's stock split?: Shares of Precision Drilling 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.
What other stocks do shareholders of Precision Drilling own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Precision Drilling investors own include Xtrackers California Municipal Bond ETF (CA), Endologix (ELGX), BlackRock (BLK), Hawkins (HWKN), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Gran Tierra Energy (GTE), Och-Ziff Capital Management Group (OZM) and ALJ Regional (ALJJ).
How do I buy shares of Precision Drilling?: Shares of PD stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:PD) was last updated on 4/20/2024 by MarketBeat.com Staff

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Precision Drilling (PD) Stock Price, News & Analysis

Precision Drilling MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Precision Drilling Stock (TSE:PD)

PD Stock Price History

PD Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

PD Stock Analysis - Frequently Asked Questions

Overall MarketRank^™