Precision Drilling Corporation
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- Market Cap.:
- $743.25 million
- Book Value:
- Revenue TTM:
- $1.62 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $492.59 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Precision Drilling Corporation had its IPO on 1996-11-15 under the ticker symbol PDS.
The company operates in the Energy sector and Oil & Gas Drilling industry. Precision Drilling Corporation has a staff strength of 4,802 employees.
Shares of Precision Drilling Corporation opened at $51.44 at the start of the last trading session i.e. 2023-03-31.
The stocks traded within a range of $50.32 - $51.57, and closed at $51.42.
This is a -0.14% slip from the previous day's closing price.
A total volume of 49,973 shares were traded at the close of the day’s session.
In the last one week, shares of Precision Drilling Corporation have increased by +6%.
Precision Drilling Corporation's Key Ratios
Precision Drilling Corporation has a market cap of $743.25 million, indicating a price to book ratio of 1.1315 and a price to sales ratio of 0.7179.
In the last 12-months Precision Drilling Corporation’s revenue was $1.62 billion with a gross profit of $492.59 million and an EBITDA of $300.67 million. The EBITDA ratio measures Precision Drilling Corporation's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Precision Drilling Corporation’s operating margin was 2.01% while its return on assets stood at 0.74% with a return of equity of -2.79%.
In Q4, Precision Drilling Corporation’s quarterly earnings growth was a positive 0% while revenue growth was a positive 72.9%.
Precision Drilling Corporation’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $-1.84 per share while it has a forward price to earnings multiple of 6.4809 and a PEG multiple of 0.4. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Precision Drilling Corporation’s profitability.
Precision Drilling Corporation stock is trading at a EV to sales ratio of 1.3898 and a EV to EBITDA ratio of 6.3436. Its price to sales ratio in the trailing 12-months stood at 0.7179.
Precision Drilling Corporation stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $2.88 billion
- Total Liabilities
- $410.03 million
- Operating Cash Flow
- Capital Expenditure
- $57.31 million
- Dividend Payout Ratio
Precision Drilling Corporation ended 2023 with $2.88 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.88 billion while shareholder equity stood at $1.23 billion.
Precision Drilling Corporation ended 2023 with $0 in deferred long-term liabilities, $410.03 million in other current liabilities, 2299533000.00 in common stock, $-1301273000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $21.59 million and cash and short-term investments were $21.59 million. The company’s total short-term debt was $14,985,000 while long-term debt stood at $1.09 billion.
Precision Drilling Corporation’s total current assets stands at $470.67 million while long-term investments were $20.45 million and short-term investments were $0. Its net receivables were $322.78 million compared to accounts payable of $136.36 million and inventory worth $35.16 million.
In 2023, Precision Drilling Corporation's operating cash flow was $-144415000.00 while its capital expenditure stood at $57.31 million.
Comparatively, Precision Drilling Corporation paid $0 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Precision Drilling Corporation stock is currently trading at $51.42 per share. It touched a 52-week high of $87.36 and a 52-week low of $87.36. Analysts tracking the stock have a 12-month average target price of $105.47.
Its 50-day moving average was $61.65 and 200-day moving average was $65.69 The short ratio stood at 5.38 indicating a short percent outstanding of 0%.
Around 68.4% of the company’s stock are held by insiders while 5935.3% are held by institutions.
Frequently Asked Questions About Precision Drilling Corporation
Similar Industry Stocks (Oil & Gas Drilling)
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 in two segments, Contract Drilling Services and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry. This segment also offers services include land and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture and refurbishment of drilling and service rig equipment. As of December 31, 2022, it operated 225 land drilling rigs, including 111 in Canada; 101 in the United States; 6 in Kuwait; 4 in Saudi Arabia; 2 in the Kurdistan region of Iraq; and 1 in the country of Georgia. As of December 31, 2022, this segment also operated 70 Alpha rigs with commercial AlphaAutomation; and 21 AlphaApps, as well as offers AlphaAnalytics data services and 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; wellsite accommodations; oilfield surface equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. As of December 31, 2022, it operated 135 well completion and workover service rigs, including 125 in Canada and 10 in the United States; 1,900 oilfield rental items, including surface storage, small-flow wastewater treatment, power generation, and solids control equipment; 103 wellsite accommodation units; 782 drill camp beds; 654 base camp beds; and three kitchen diners in Canada. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.