Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related products and services 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's services include land drilling, directional drilling, and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture, sale, and repair of drilling equipment. As of December 31, 2020, it operated 227 land drilling rigs, including 109 in Canada; 105 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. 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. This segment operated 123 well completion and workover service rigs, including 113 in Canada and 10 in the United States. It also had approximately 1,400 oilfield rental items, including surface storage, small-flow wastewater treatment, power generation, and solids control equipment; 113 wellsite accommodation units; 966 drill camp beds; 822 base camp beds; and three kitchen diners in Canada. Precision Drilling Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.
IPO Year:
Exchange: NYSE
Website: precisiondrilling.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/16/2024 | Strong Buy | Raymond James | |
| 11/21/2023 | Outperform → Sector Perform | National Bank Financial | |
| 11/13/2023 | $142.00 | Outperform | Evercore ISI |
| 2/17/2023 | Hold | The Benchmark Company | |
| 1/17/2023 | Neutral → Sector Outperform | CIBC | |
| 12/21/2021 | $55.00 → $57.00 | Neutral → Overweight | Piper Sandler |
| 12/9/2021 | Hold → Buy | TD Securities | |
| 10/22/2021 | Outperform → Mkt Perform | Raymond James | |
| 8/24/2021 | $54.00 → $50.00 | Hold → Buy | Canaccord Genuity |
| 7/26/2021 | Hold → Buy | Tudor Pickering |
6-K - PRECISION DRILLING Corp (0001013605) (Filer)
6-K - PRECISION DRILLING Corp (0001013605) (Filer)
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6-K - PRECISION DRILLING Corp (0001013605) (Filer)
6-K - PRECISION DRILLING Corp (0001013605) (Filer)
6-K - PRECISION DRILLING Corp (0001013605) (Filer)
6-K - PRECISION DRILLING Corp (0001013605) (Filer)
6-K - PRECISION DRILLING Corp (0001013605) (Filer)
6-K - PRECISION DRILLING Corp (0001013605) (Filer)
6-K - PRECISION DRILLING Corp (0001013605) (Filer)
CALGARY, Alberta, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) intends to release its 2024 fourth quarter and year-end results after the market closes on Wednesday, February 12, 2025 and has scheduled a conference call to begin at 11:00 a.m. MT (1:00 p.m. ET) on the next day, Thursday, February 13, 2025. To participate in the conference call please register at the URL link below. Once registered, you will receive a dial-in number and a unique PIN, which will allow you to ask questions. https://register.vevent.com/register/BI9168b4c0516f4409ab4f297340994ebc The call will also be webcast and can be accessed through the link below. A replay of the webcast ca
XtremeX Mining Technology Inc. (XMT), a leader in innovative drilling solutions, is excited to announce its cutting-edge AC-electric automated coiled tubing and electric top-drive diamond core drilling rig. This state-of-the-art technology will perform a funded field trial with Ivanhoe Electric (NYSE:IE, TSX:IE) at the Santa Cruz copper project in Arizona, targeting depths of up to 2,000 meters by twinning historic holes. Under the agreement, Ivanhoe Electric secures exclusivity on three XMT rigs for contracts lasting up to five years. The XMT rig adapts proven oil and gas technology for the mining sector, enabling faster, safer, and more sustainable drilling. This patented hybrid drillin
This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release. CALGARY, Alberta, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision or the Company) (TSX:PD, NYSE:PDS) is pleased to provide a series of positive announcements including: 1) 2024 debt repayment and year end liquidity update; 2) capital allocation framework update; and 3) financial and operational update. 2024 Debt Repayme
CALGARY, Alberta, Oct. 29, 2024 (GLOBE NEWSWIRE) -- This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release. This news release contains references to certain Financial Measures and Ratios, including Adjusted EBITDA (earnings before income taxes, loss (gain) on investments and other assets, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, gain on asset disposals and deprecia
CALGARY, Alberta, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) intends to release its 2024 third quarter results after the market closes on Tuesday, October 29, 2024, and has scheduled a conference call to begin at 11:00 a.m. MT (1:00 p.m. ET) on the next day, Wednesday, October 30, 2024. To participate in the conference call please register at the URL link below. Once registered, you will receive a dial-in number and a unique PIN, which will allow you to ask questions. https://register.vevent.com/register/BI4cb3a3db88084e66ad528ebb2bdb81e4 The call will also be webcast and can be accessed through the link below. A replay of the webcast call will be avail
CALGARY, Alberta, Sept. 13, 2024 (GLOBE NEWSWIRE) -- This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release. Precision Drilling Corporation (Precision or the Company) announced today that the Toronto Stock Exchange (the TSX) has approved its intention to implement a normal course issuer bid (NCIB) for a portion of its common shares (Common Shares). Precision believes the NCIB continues to represent anot
CALGARY, Alberta, July 30, 2024 (GLOBE NEWSWIRE) -- This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release. This news release contains references to certain Financial Measures and Ratios, including Adjusted EBITDA (earnings before income taxes, loss (gain) on investments and other assets, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, gain on asset disposals and deprecia
CALGARY, Alberta, July 08, 2024 (GLOBE NEWSWIRE) -- This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release. Precision Drilling Corporation ("Precision" or the "Company") (TSX:PD, NYSE:PDS) is pleased to announce that it has successfully extended its Senior Credit Facility and with strong cash flow generation during the first half of the year, it is well on track to meet its 2024 debt reduction and share
CALGARY, Alberta, July 03, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) intends to release its 2024 second quarter results after the market closes on Tuesday, July 30, 2024, and has scheduled a conference call to begin at 11:00 a.m. MT (1:00 p.m. ET) on the next day, Wednesday, July 31, 2024. To participate in the conference call please register at the URL link below. Once registered, you will receive a dial-in number and a unique PIN, which will allow you to ask questions. https://register.vevent.com/register/BIb977e42b540e4032aa56eb2bf29fcaa9 The call will also be webcast and can be accessed through the link below. A replay of the webcast call will be available
CALGARY, Alberta, May 16, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision or the Company) is pleased to announce the results of the election of board members at its 2024 Annual and Special Meeting of Shareholders held on May 16, 2024 (the Annual Meeting). Shareholders approved the election of all eight (seven of whom are independent) of the nominee directors presented in the Company's Management Information Circular (the Circular), dated April 3, 2024. The shares represented at the Annual Meeting voting in favour of individual nominee directors are as follows: Nominee# Votes For% Votes For# Votes Withheld% Votes WithheldWilliam T. Donovan7,926,01698.58114,5781.42S
Raymond James resumed coverage of Precision Drilling with a rating of Strong Buy
National Bank Financial downgraded Precision Drilling from Outperform to Sector Perform
Evercore ISI resumed coverage of Precision Drilling with a rating of Outperform and set a new price target of $142.00
The Benchmark Company initiated coverage of Precision Drilling with a rating of Hold
CIBC upgraded Precision Drilling from Neutral to Sector Outperform
Piper Sandler upgraded Precision Drilling from Neutral to Overweight and set a new price target of $57.00 from $55.00 previously
TD Securities upgraded Precision Drilling from Hold to Buy
Raymond James downgraded Precision Drilling from Outperform to Mkt Perform
Canaccord Genuity upgraded Precision Drilling from Hold to Buy and set a new price target of $50.00 from $54.00 previously
Tudor Pickering upgraded Precision Drilling from Hold to Buy
SC 13G - PRECISION DRILLING Corp (0001013605) (Subject)
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SC 13G - PRECISION DRILLING Corp (0001013605) (Subject)
SC 13G/A - PRECISION DRILLING Corp (0001013605) (Subject)
SC 13G/A - PRECISION DRILLING Corp (0001013605) (Subject)
SC 13G - PRECISION DRILLING Corp (0001013605) (Subject)
SC 13G/A - PRECISION DRILLING Corp (0001013605) (Subject)
CALGARY, Alberta, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) intends to release its 2024 fourth quarter and year-end results after the market closes on Wednesday, February 12, 2025 and has scheduled a conference call to begin at 11:00 a.m. MT (1:00 p.m. ET) on the next day, Thursday, February 13, 2025. To participate in the conference call please register at the URL link below. Once registered, you will receive a dial-in number and a unique PIN, which will allow you to ask questions. https://register.vevent.com/register/BI9168b4c0516f4409ab4f297340994ebc The call will also be webcast and can be accessed through the link below. A replay of the webcast ca
CALGARY, Alberta, Oct. 29, 2024 (GLOBE NEWSWIRE) -- This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release. This news release contains references to certain Financial Measures and Ratios, including Adjusted EBITDA (earnings before income taxes, loss (gain) on investments and other assets, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, gain on asset disposals and deprecia
CALGARY, Alberta, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) intends to release its 2024 third quarter results after the market closes on Tuesday, October 29, 2024, and has scheduled a conference call to begin at 11:00 a.m. MT (1:00 p.m. ET) on the next day, Wednesday, October 30, 2024. To participate in the conference call please register at the URL link below. Once registered, you will receive a dial-in number and a unique PIN, which will allow you to ask questions. https://register.vevent.com/register/BI4cb3a3db88084e66ad528ebb2bdb81e4 The call will also be webcast and can be accessed through the link below. A replay of the webcast call will be avail
CALGARY, Alberta, July 30, 2024 (GLOBE NEWSWIRE) -- This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release. This news release contains references to certain Financial Measures and Ratios, including Adjusted EBITDA (earnings before income taxes, loss (gain) on investments and other assets, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, gain on asset disposals and deprecia
CALGARY, Alberta, July 03, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) intends to release its 2024 second quarter results after the market closes on Tuesday, July 30, 2024, and has scheduled a conference call to begin at 11:00 a.m. MT (1:00 p.m. ET) on the next day, Wednesday, July 31, 2024. To participate in the conference call please register at the URL link below. Once registered, you will receive a dial-in number and a unique PIN, which will allow you to ask questions. https://register.vevent.com/register/BIb977e42b540e4032aa56eb2bf29fcaa9 The call will also be webcast and can be accessed through the link below. A replay of the webcast call will be available
CALGARY, Alberta, April 25, 2024 (GLOBE NEWSWIRE) -- This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release. This news release contains references to certain Financial Measures and Ratios, including Adjusted EBITDA (earnings before income taxes, loss (gain) on investments and other assets, finance charges, foreign exchange, gain on asset disposals and depreciation and amortization), Funds Provided by (Us
CALGARY, Alberta, April 02, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) intends to release its 2024 first quarter results before the market opens on Thursday, April 25, 2024, and has scheduled a conference call to begin at 12:00 noon MT (2:00 p.m. ET) on the same day. To participate in the conference call please register at the URL link below. Once registered, you will receive a dial-in number and a unique PIN, which will allow you to ask questions. https://register.vevent.com/register/BIfbb4947b7fb84f509d7a52e0f86c196e The call will also be webcast and can be accessed through the link below. A replay of the webcast call will be available on Precision's website f
CALGARY, Alberta, Feb. 06, 2024 (GLOBE NEWSWIRE) -- This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release. This news release contains references to certain Financial Measures and Ratios, including Adjusted EBITDA (earnings before income taxes, loss (gain) on investments and other assets, gain on acquisition, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, loss on asset d
CALGARY, Alberta, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation ("Precision") intends to release its 2023 fourth quarter and year-end results before the market opens on Tuesday, February 6, 2024, and has scheduled a conference call to begin at 12:00 noon MT (2:00 p.m. ET) on the same day. To participate in the conference call please register at the URL link below. Once registered, you will receive a dial-in number and a unique PIN, which will allow you to ask questions. https://register.vevent.com/register/BIbb9becf4f3494c3fa2f6293fa7e871e7 The call will also be webcast and can be accessed through the link below. A replay of the webcast call will be available on Preci
CALGARY, Alberta, Oct. 26, 2023 (GLOBE NEWSWIRE) -- This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release. This news release contains references to certain Financial Measures and Ratios, including Adjusted EBITDA (earnings before income taxes, loss (gain) on investments and other assets, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, gain on asset disposals and depr