Precision Drilling

Precision Drilling Corp. engages in the provision of onshore drilling, completion, and production services to the oil and natural gas industry. It operates through the following business segments: Contract Drilling Services and Completion and Production Services. The Contract Drilling Services segment includes rig and directional drilling, procurement and distribution of oilfield supplies, and the manufacture, sale, and repair of drilling equipment. The Completion and Production Services segment includes service rigs, oilfield equipment rental, and camp and catering services. The company was founded in 1951 and is headquartered in Calgary, Canada.

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Earnings data Q4 2024

Precision Drilling excels in Q4, eyes debt reduction and expansion

Precision Drilling's Q4 performance exceeded expectations, showcasing strong revenue growth and margin discipline. While facing challenges in share-based compensation and CapEx, the company is well-positioned to capitalize on opportunities for debt reduction and expansion.

Precision Drilling (PDS) excels in Q1, eyes strategic growth

Precision Drilling's strong financial performance, focus on debt reduction, and strategic cost control measures position the company well for future growth. Challenges in rig fungibility and market shortages require careful navigation, while seizing opportunities in shifting demand landscapes is crucial for sustained success.

Precision Drilling surpasses Q2 expectations, eyes growth amid challenges

Precision Drilling's Q2 performance exceeded expectations, driven by strong financial results and successful debt reduction efforts.
The company's focus on reducing debt, expanding Evergreen solutions, and enhancing software offerings positions it well for future growth.
Challenges include potential delays in rig additions by smaller producers and rig capacity shortages in Canada, which require strategic solutions.

Precision Drilling reports strong Q3 results, focuses on debt reduction and Gulf region expansion

Precision Drilling's Q3 performance showcased strength in Canada but challenges in the U.S. The company's debt reduction strategy and focus on shareholder returns are key highlights. Opportunities lie in expanding presence in the Gulf region and strategic mergers.

Precision Drilling reports robust 2023 results, eyes international growth

Precision Drilling (PDS) delivered strong financial performance in 2023, focusing on debt reduction and shareholder value enhancement.
The company faces challenges in balancing increased activity levels with reduced international expenditures and managing debt reduction targets.
Opportunities lie in expanding international activities, enhancing shareholder returns, adopting automation technology, and leveraging disciplined market rates for growth.
Strategic priorities, market positioning, and technological advancements position Precision Drilling well for future growth and operational efficiency.

Precision Drilling surpasses Q1 expectations, eyes Canadian growth opportunities

Precision Drilling delivered strong Q1 results, focusing on debt reduction, shareholder returns, and operational efficiency. Challenges include market dynamics in the Lower 48 and cost range for international rig readiness. Opportunities lie in Canadian rig count growth, automation technology adoption, and potential rig movements.

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Precision Drilling Corporation (NYSE:PDS ) Q4 2022 Earnings Conference Call February 9, 2023 2:00 PM ET Company Participants Lavonne Zdunich - Director of Investor Relations Carey Ford - Senior Vice President & Chief Financial Officer Kevin Neveu - President & Chief Executive Officer Conference Call Participants Waqar Syed - ATB Capital Markets Keith MacKey - RBC Capital Markets Cole Pereira - Stifel Andrew Bradford - Raymond James Kurt Hallead - Benchmark Company Operator Good day, and thank you for standing by. Welcome to the Precision Drilling Corporation 2022 Fourth Quarter and Year-End Results Conference Call.

Precision Drilling Corporation (PDS) Q4 2022 Earnings Call Transcript

Precision Drilling (PDS) delivered earnings and revenue surprises of -89.53% and 3.86%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Precision Drilling (PDS) Q4 Earnings Miss Estimates

CALGARY, Alberta, Feb. 09, 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, gain (loss) on investments and other assets, loss on redemption and repurchase of unsecured senior notes, finance charges, foreign exchange, gain on asset disposals and depreciation and amortization), Funds Provided by (Used in) Operations, Net Capital Spending and Working Capital. These terms do not have standardized meanings prescribed under International Financial Reporting Standards ( IFRS ) and may not be comparable to similar measures used by other companies, see “Financial Measures and Ratios” later in this news release.

Precision Drilling Corporation Announces 2022 Fourth Quarter and Year-End Unaudited Financial Results

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Precision Drilling (PDS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Precision Drilling (PDS) Upgraded to Strong Buy: Here's What You Should Know

CALGARY, Alberta, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision”) intends to release its 2022 fourth quarter and year-end results before the market opens on Thursday, February 9, 2023, and has scheduled a conference call to begin at 12:00 Noon MT (2:00 p.m. ET) on the same day.

Precision Drilling Corporation 2022 Fourth Quarter and Year-End Results Conference Call and Webcast

Precision Drilling (PDS) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Precision Drilling (PDS) Is Attractively Priced Despite Fast-paced Momentum

CALGARY, Alberta, Jan. 05, 2023 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision” or the “Company”) (TSX:PD; NYSE:PDS) provides a series of positive announcements including: 1) 2022 debt repayment and year-end liquidity update; 2) capital allocation framework update; and 3) operations update for drilling activity, Alpha™ technologies and EverGreen™ environmental solutions.

Precision Drilling Exceeds 2022 Debt Repayment Guidance and Provides Capital Allocation and Operational Updates

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Is it a good or bad thing when a stock experiences a golden cross technical event?

Should You Buy Precision Drilling (PDS) After Golden Cross?

Precision Drilling (PDS) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How Precision Drilling (PDS) Stock Stands Out in a Strong Industry

The average of price targets set by Wall Street analysts indicates a potential upside of 44.3% in Precision Drilling (PDS). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Can Precision Drilling (PDS) Climb 44% to Reach the Level Wall Street Analysts Expect?

The consensus price target hints at a 35.1% upside potential for Precision Drilling (PDS). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Does Precision Drilling (PDS) Have the Potential to Rally 35% as Wall Street Analysts Expect?

Precision Drilling (PDS) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Fast-paced Momentum Stock Precision Drilling (PDS) Is Still Trading at a Bargain

PagerDuty

Precision Drilling Corporation (NYSE:PDS ) Q3 2022 Earnings Conference Call October 27, 2022 2:00 PM ET Company Participants Lavonne Zdunich - Director of Investor Relations Carey Ford - Senior Vice President & Chief Financial Officer Kevin Neveu - President & Chief Executive Officer Conference Call Participants Aaron MacNeil - TD Securities Waqar Syed - ATB Capital Markets Cole Pereira - Stifel Keith MacKey - RBC John Daniel - Daniel Energy Partners Operator Good day and thank you for standing by. Welcome to the Precision Drilling Corporation 2022 Third Quarter Results Conference Call.

Precision Drilling Corporation (PDS) Q3 2022 Earnings Call Transcript

Precision Drilling (PDS) delivered earnings and revenue surprises of 50% and 6.71%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Precision Drilling (PDS) Q3 Earnings and Revenues Beat Estimates

CALGARY, Alberta, Oct. 27, 2022 (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, gain (loss) on investments and other assets, loss on repurchase of unsecured senior notes, finance charges, foreign exchange, gain on asset disposals and depreciation and amortization), Funds Provided by (Used in) Operations, Net Capital Spending and Working Capital. These terms do not have standardized meanings prescribed under International Financial Reporting Standards (IFRS) and may not be comparable to similar measures used by other companies, see “Financial Measures and Ratios” later in this news release.

Precision Drilling Corporation Announces 2022 Third Quarter Unaudited Financial Results

This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release.

Precision Drilling Corporation Announces Four Kuwait Contract Awards

CALGARY, Alberta, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision” or the “Company”) (TSX:PD; NYSE:PDS) is pleased to announce the addition of Lori A. Lancaster to its Board of Directors (the “Board”). Lori has over 25 years of experience as a strategic and financial advisor to the global natural resources sector and has served as a board member of both publicly traded and private companies within the sector. The Board believes Ms. Lancaster is qualified to serve as a Director due to her extensive knowledge and experience and that her addition will enhance Precision's existing Board.

Precision Drilling Corporation Announces Addition of New Director

CALGARY, Alberta, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision”) intends to release its 2022 third quarter results before the market opens on Thursday, October 27, 2022, and has scheduled a conference call and webcast to begin promptly at 12:00 Noon MT (2:00 p.m. ET) on the same day. To participate in the live call please register at the URL link below:

Precision Drilling Corporation 2022 Third Quarter Results Conference Call and Webcast

PDS currently enjoys a strong tailwind thanks to the sanctions of western countries on Russia. PDS should be praised for prioritizing a healthy balance sheet.

Precision Drilling Has Become Less Risky But Remains Unattractive

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Precision Drilling (PDS) a Great Value Stock Right Now?

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Is Precision Drilling (PDS) Outperforming Other Oils-Energy Stocks This Year?

The mean of analysts' price targets for Precision Drilling (PDS) points to a 61.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

News for Precision Drilling Stock (PDS)