Precision Drilling Corporation

Equities

PD

CA74022D4075

Oil & Gas Drilling

Market Closed - Toronto S.E. 04:00:00 2024-03-27 pm EDT 5-day change 1st Jan Change
90.83 CAD +1.19% Intraday chart for Precision Drilling Corporation +0.17% +26.22%

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Tranche Update on Precision Drilling Corporation (TSX:PD)'s Equity Buyback Plan announced on September 14, 2023. CI
Moody's Upgrades Precision Drilling, Outlook Changed to Stable From Positive MT
Piper Sandler Lowers Price Target on Precision Drilling to $81 From $100, Maintains Overweight Rating MT
News Highlights : Top Energy News of the Day - Thursday at 12 AM ET DJ
News Highlights : Top Energy News of the Day - Wednesday at 4 PM ET DJ
Precision Drilling Maintained at Outperform at RBC Following Q4 Results; Price Target Kept at C$122.00 MT
Precision Drilling Kept at Buy at Stifel FirstEnergy Following Q4 Results; Price Target Trimmed to C$115.00 MT
Precision Drilling Price Target Lowered to $115 at TD MT
News Highlights : Top Energy News of the Day - Wednesday at 4 AM ET DJ
News Highlights : Top Energy News of the Day - Wednesday at 12 AM ET DJ
Toronto market claws back some of previous day's decline RE
News Highlights : Top Energy News of the Day - Tuesday at 4 PM ET DJ
Precision Drilling's Q4 Profit Jumps, Revenue Falls; Provides Guidance for 2024; Up 7.5% MT
Transcript : Precision Drilling Corporation, Q4 2023 Earnings Call, Feb 06, 2024
Toronto Stocks Rally; Precision Drilling Rises on 4Q Profit Growth DJ
Precision Drilling Maintained at Sector Perform at National Bank After Q4 Results; Price Target Kept at C$135.00 MT
Toronto stocks rise on healthcare boost ahead of BoC Governor speech RE
Precision Drilling's Q4 Profit Jumps, Revenue Falls; Provides Guidance for 2024 MT
Precision Drilling Brief: 2024 capital budget is $195 million, which is lower than the $227 million invested in 2023 MT
Correction: -- Precision Drilling Brief: Based on current free cash flow outlook, Expects to reduce debt by $150-$200 million in 2024 and allocate 25% to 35% of free cash flow before debt repayments toward share repurchases MT
Precision Drilling Brief: Based on current free cash flow outlook, Expects to reduce debt by $1500$200 million in 2024 and allocate 25% to 35% of free cash flow before debt repayments toward share repurchases MT
Precision Drilling Brief: Says 2023 results included non-recurring items MT
Precision Drilling Brief: Q4 Revenue and Adjusted EBITDAwere $507 million and $151 million, respectively, as compared with $511 million and $91 million in 2022 MT
Precision Drilling Brief: Q4 EPS Normalized $9.81 Vs Forecast 1.92 and Last Year 0.27 MT
North American Morning Briefing : Rate Doubts Keep -2- DJ
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Precision Drilling Corporation is a Canada-based provider of well service, contract drilling and completion and production services primarily to oil and natural gas and geothermal exploration and production companies in Canada, the United States and certain international locations. It operates through two segments: Contract Drilling Services, and Completion and Production Services. Its Contract Drilling Services segment includes drilling rigs, procurement and distribution of oilfield supplies, and manufacture, sale and repair of drilling equipment. The Completion and Production Services segment includes service rigs, oilfield equipment rental and camp and catering services. It provides services primarily in Canada, the United States and certain international locations. Its technologies include AlphaAutomation, AlphaApps, AlphaAnalytics and EverGreen. It has over 72 active service rigs in Canada, 73 active drilling rigs in Canada and 51 active drilling rigs in the United States.
More about the company
Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
90.83 CAD
Average target price
123.5 CAD
Spread / Average Target
+35.92%
Consensus