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)
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)
6-K - PRECISION DRILLING Corp (0001013605) (Filer)
SC 13G - 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)
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, 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
CALGARY, Alberta, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Precision Drilling Corporation ("Precision") intends to release its 2023 third quarter results before the market opens on Thursday, October 26, 2023, 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/BId053b471716a4107bc5fb11e4c46d7b5 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 websit
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
CALGARY, Alberta, May 02, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) would like to remind shareholders that it is holding its 2024 Annual and Special Meeting of Shareholders (the Annual Meeting) on Thursday, May 16, 2024 at 10:00 a.m. MST. As previously announced, the Annual Meeting will be held in a virtual-only meeting format. The meeting format will provide all shareholders an equal opportunity to participate in the Annual Meeting regardless of their geographic location. The Annual Meeting can be accessed by logging in online at https://meetnow.global/M2YFHPG. Registered shareholders and duly appointed proxyholders who participate in the Annual Meeting online w
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 03, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision or the Company) (TSX:PD, NYSE:PDS) announces today the filing of its Management Information Circular (the Circular) issued in connection with the 2024 Annual and Special Meeting of Shareholders (the Annual Meeting). A copy of the Circular can be downloaded from the Company's SEDAR+ profile at www.sedarplus.ca and the Company's EDGAR profile at www.sec.gov. The Circular is also available on Precision's website at www.precisiondrilling.com. Precision's Annual Meeting will be held on Thursday, May 16, 2024 at 10:00 a.m. (Mountain Time) for holders of its common shares (Shareholders). The Annual M
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
Piper Sandler analyst Luke Lemoine maintains Precision Drilling (NYSE:PDS) with a Overweight and lowers the price target from $101 to $95.
Piper Sandler analyst Luke Lemoine maintains Precision Drilling (NYSE:PDS) with a Overweight and raises the price target from $81 to $101.
Precision Drilling (NYSE:PDS) reported quarterly earnings of $1.88 per share which missed the analyst consensus estimate of $2.63 by 28.63 percent. The company reported quarterly sales of $391.580 million which missed the analyst consensus estimate of $530.500 million by 26.19 percent. This is a 5.23 percent decrease over sales of $413.211 million the same period last year.
RBC Capital analyst Keith Mackey reiterates Precision Drilling (TSX:PD) with a Outperform and maintains C$122 price target.
Precision Drilling Corp (NYSE:PDS) shares are surging today after it reported fourth-quarter FY23 results. Revenues fell 0.7% Y/Y to C$506.9 million in the quarter. Contract Drilling Services revenue declined 1.5% Y/Y to C$446.5 million, while Completion and Production Services revenue increased 5.4% Y/Y to C$62.5 million. Drilling rig utilization days declined 25% Y/Y in the U.S. and 3% Y/Y in Canada, while international drilling rig utilization days grew 26% Y/Y. Adjusted EBITDA increased to C$151.2 million from C$91.1 million in the quarter. EPS stood at C$9.81, a significant increase from C$0.27 a year ago. Operating cash flow came in at C$170.3 million from C$159.1 millio
Precision Drilling (NYSE:PDS) reported quarterly earnings of $7.20 per share which beat the analyst consensus estimate of $1.79 by 302.29 percent. This is a 3500.5 percent increase over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $372.42 million which beat the analyst consensus estimate of $360.98 million by 3.17 percent. This is a 2.01 percent decrease over sales of $380.07 million the same period last year.
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National Bank Financial Inc analyst Dan Payne downgrades Precision Drilling (TSX:PD) from Outperform to Sector Perform and announces C$135 price target.
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