PDS Stock Recent News

CALGARY, Alberta, April 02, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) intends to release its 2024 first quarter results before the market opens on Thursday, April 25, 2024, 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 (PDS) Q4 2023 Earnings Call Transcript

Precision Drilling (PDS) came out with quarterly earnings of $3.45 per share, beating the Zacks Consensus Estimate of $2.09 per share. This compares to earnings of $0.20 per share a year ago.

Precision Drilling (PDS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

CALGARY, Alberta, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision”) intends to release its 2023 fourth quarter and year-end results before the market opens on Tuesday, February 6, 2024, and has scheduled a conference call to begin at 12:00 noon MT (2:00 p.m. ET) on the same day.

Precision Drilling Corp (PDS) is being undervalued in the OFS market despite projected growth in their Canadian client base for 2024. Analysts rate PDS as a buy with price targets ranging from $83 to $107, implying potential for a 2-bagger from current prices. PDS is the leading drilling contractor in Canada and expects a strong start to 2024 with customer demand exceeding previous levels.

Echoing the events from this past spring, land drillers have sold off again and have possibly created another buying opportunity. The Canadian players Precision Drilling and Ensign Energy appear particularly undervalued, given that oilfield activity in Canada stands at multi-year highs. Precision Drilling can be bought at 3x next year's EBITDA or 5x next year's earnings; Wall Street expects 60% upside.

Precision Drilling Corporation (NYSE:PDS ) Q3 2023 Earnings Conference Call October 26, 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 Aaron MacNeil - TD Cowen Luke Lemoine - Piper Stanley Kurt Hallead - Benchmark Keith Mackey - RBC Capital Markets Cole Pereira - Stifel Waqar Syed - ATB Capital Markets Sean Mitchell - Daniel Energy Partners Operator Good day, and thank you for standing by. Welcome to the Precision Drilling Corporation 2023 Third Quarter Conference Call.

Precision Drilling (PDS) came out with quarterly earnings of $1.08 per share, missing the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.56 per share a year ago.

Precision Drilling (PDS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.