PD:CA:TSX-Precision Drilling Corporation (CAD)

COMMON STOCK | Oil & Gas Drilling | TSX

Last Closing Price

CAD 61.08

Change

0.00 (0.00)%

Market Cap

CAD 0.81B

Volume

0.13M

Avg Analyst Target

CAD 54.35 (-11.02%)

Avg User Target

CAD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

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. Address: 525?8th Avenue SW, Calgary, AB, Canada, T2P 1G1

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-10-16 )

Largest Industry Peers for Oil & Gas Drilling

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
ESI:CA Ensign Energy Services Inc

N/A

CAD0.36B 6.53 6.70
PHX:CA PHX Energy Services Corp

N/A

CAD0.27B 28.12 6.32
AKT-A:CA AKITA Drilling Ltd

N/A

CAD0.06B N/A N/A
CET:CA Cathedral Energy Services Ltd

N/A

CAD0.04B 244.80 29.57
WRG:CA Western Energy Services Corp

N/A

CAD0.04B N/A 15.64

ETFs Containing PD:CA

Symbol Name Weight Mer Price(Change) Market Cap

N/A

Market Performance

  Market Performance vs.
Industry/Classification (Oil & Gas Drilling)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 191.83% 100% A+ 98% A+
Dividend Return N/A N/A N/A N/A N/A
Total Return 191.83% 100% A+ 99% A+
Trailing 12 Months  
Capital Gain 214.85% 40% F 95% A
Dividend Return N/A N/A N/A N/A N/A
Total Return 214.85% 40% F 95% A
Trailing 5 Years  
Capital Gain -48.15% 60% D- 12% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -48.15% 60% D- 11% F
Average Annual (5 Year Horizon)  
Capital Gain -4.73% 60% D- 9% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -4.73% 60% D- 7% F
Risk Return Profile  
Volatility (Standard Deviation) 74.71% 80% B- 12% F
Risk Adjusted Return -6.33% 60% D- 11% F
Market Capitalization 0.81B 100% A+ 63% D
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Oil & Gas Drilling)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 75.00 50% F 9% F
Price/Book Ratio 0.58 50% F 92% A-
Price / Cash Flow Ratio 3.59 50% F 70% C-
EV/EBITDA 8.86 60% D- 57% F
Management Effectiveness  
Return on Equity -12.83% 67% D+ 18% F
Return on Invested Capital -1.64% 83% B 33% F
Return on Assets -2.98% 83% B 20% F
Debt to Equity Ratio 87.88% 60% D- 33% F
Technical Ratios  
Short Ratio 1.26 50% F 52% F
Short Percent 0.95% 33% F 61% D-
Beta 3.54 17% F 2% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Ratings

Target Price Action Rating Action Analyst Rating Price Date

Discussions

User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

What to not like:
Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.