Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling services and related products and services in North America and the Middle East. The company is headquartered in Calgary, Canada.
| Revenue (TTM) | $1.99B |
| Gross Profit (TTM) | $600.66M |
| EBITDA | $459.15M |
| Operating Margin | 8.00% |
| Return on Equity | -0.22% |
| Return on Assets | 3.02% |
| Revenue/Share (TTM) | $154.24 |
| Book Value | $90.94 |
| Price-to-Book | 0.99 |
| Price-to-Sales (TTM) | 0.58 |
| EV/Revenue | 1.141 |
| EV/EBITDA | 5.62 |
| Quarterly Earnings Growth (YoY) | -39.10% |
| Quarterly Revenue Growth (YoY) | 15.00% |
| Shares Outstanding | $12.59M |
| Float | $12.26M |
| % Insiders | 3.77% |
| % Institutions | 80.59% |
Volatility is currently expanding
Precision Drilling NYSE: PDS reported higher third-quarter revenue and a return to profitability as increased North American drilling activity and U.S. day rates offset weaker international results and elevated costs in the Middle East.
Third-quarter revenue increased 15% year over year to $532 million. Canadian contracted drilling rigs increased year over year from 16 to 28.
The mean of analysts' price targets for Precision Drilling (PDS) points to a 26.3% 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.
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.
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.
CALGARY, Alberta, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) intends to release its 2026 third quarter results after the market closes on Tuesday, October 27, 2026, 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 28, 2026.
CALGARY, Alberta, Sept. 16, 2026 (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 (PDS) has strengthened its balance sheet, reduced debt, and operates a premium rig fleet with increasing activity, especially in Canada. Q2 revenue grew 11% to C$452.8M, but adjusted EBITDA fell 10% due to reactivation and upgrade costs, highlighting the need for margin recovery, particularly in the U.S. Contracted rigs in both Canada and the U.S. provide greater revenue visibility, but future margin improvement, especially from U.S. rigs, remains a key catalyst and risk.
Precision Drilling NYSE: PDS reported higher second-quarter revenue as record Canadian drilling activity and a rebound in U.S. rig utilization offset weaker international results, while the company said it remains on track to reduce debt and repurchase shares during 2026.
Precision Drilling (PDS) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of $0.43. This compares to earnings of $0.77 per share a year ago.
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