PD : Precision Drilling Corporation Stock Profile

Last Updated: 3/12/2024 0:47:16

Precision Drilling Corporation trades with the ticker PD on the TSX and is in the Oil & Gas Drilling industry.

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the geothermal, oil and natural gas industry. This segment offers services include land and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture and repair of drilling and service rig equipment. In addition, it operates land drilling rigs in Canada, the United States, and the Middle East, as well as operates AlphaAutomation, AlphaApps, and AlphaAnalytics data services. The company offers EverGreen suite of environmental solutions comprising EverGreenMonitoring, EverGreenEnergy, and EverGreen Fuel Cell. The Completion and Production Services segment provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. This segment operates well completion and workover service rigs in Canada and the United States. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.

Looking to invest in Precision Drilling Corporation? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.

PD.TO Stock Price and Key Stats

ETF Key Stats

Exchange: TSX

Market Cap : $1206.646MM

PE Ratio: 4.267

Price: 23.85 (Updated: 3/12/2024 0:47:16)

Precision Drilling Corporation (PD) vs Competitors in Oil & Gas Drilling

Lets see how PD.TO stacks up against others in the Oil & Gas Drilling asset management industry. We have identified its main peers as:

Ensign Energy Services Inc


Oil & Gas Drilling Industry Comparisons

Company Market Cap ($MM) P/E Ratio EV/EBITDA Dividend Yield
Precision Drilling Corporation (PD) $1,206.646 4.267 3.327 N/A%
Ensign Energy Services Inc (ESI) $459.031 11.409 3.468 N/A%

EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield  

Comparisons within Oil & Gas Drilling

  • Precision Drilling Corporation (PD) vs Ensign Energy Services Inc (ESI)
    • PD has higher EPS (19.53 vs 0.22). ESI has a higher P/E ratio (11.409 vs 4.267) indicating it’s more expensive.

Our Recommendation: Buy
Shows positive EPS growth from this year to next, suggesting improving profitability. Has a lower P/E ratio (4.27) than the industry average (7.84), indicating potential undervaluation. Features a lower EV/EBITDA ratio (3.33) than the industry average (3.40), indicating attractive valuation.

How to Buy PD stock on the TSX

You can buy on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:

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Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of Wealthawesome.com. He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

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