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Precision Drilling (PDS)

(Delayed Data from NYSE)

$72.30 USD

72.30
168,959

+3.52 (5.12%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $72.34 +0.04 (0.06%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value A Growth F Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 37% (159 out of 252)

Industry: Oil and Gas - Drilling

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Balance Sheet

Research for PDS

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Precision Drilling Corporation falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 40 17 32 81 56
Receivables 312 318 204 155 234
Notes Receivable 0 0 0 0 0
Inventories 26 27 19 20 24
Other Current Assets 0 0 0 0 1
Total Current Assets 378 362 255 256 315
Net Property & Equipment 1,732 1,772 1,802 1,846 2,072
Investments & Advances 7 16 6 0 0
Other Non-Current Assets 4 0 0 0 0
Deferred Charges 55 0 1 1 4
Intangibles 13 15 19 21 24
Deposits & Other Assets 1 1 0 0 0
Total Assets 2,237 2,212 2,124 2,164 2,464
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 254 302 179 113 150
Current Portion Long-Term Debt 2 2 2 1 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 2 2 1 3 3
Total Current Liabilities 271 315 190 125 163
Mortgages 0 0 0 0 0
Deferred Taxes/Income 54 22 10 16 19
Convertible Debt 0 0 0 0 0
Long-Term Debt 678 835 883 923 1,076
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 24 52 27 14 14
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 1,069 1,266 1,146 1,114 1,313
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 1,752 1,769 1,820 1,706 1,731
Capital Surplus 56 56 61 54 50
Retained Earnings -750 -1,001 -1,011 -813 -731
Other Equity 109 123 108 103 101
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 1,167 947 978 1,050 1,151
Total Liabilities & Shareholder's Equity 2,237 2,212 2,124 2,164 2,464
Total Common Equity 1,167 947 978 1,050 1,151
Shares Outstanding 14.30 13.50 13.30 13.40 13.80
Book Value Per Share 81.63 70.11 73.52 78.36 83.41

Fiscal Year End for Precision Drilling Corporation falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 40 37 17 31
Receivables NA 312 293 263 323
Notes Receivable NA 0 0 0 0
Inventories NA 26 26 27 27
Other Current Assets NA 0 0 0 0
Total Current Assets NA 378 356 307 381
Net Property & Equipment NA 1,732 1,668 1,654 1,686
Investments & Advances NA 7 8 12 12
Other Non-Current Assets NA 4 4 0 0
Deferred Charges NA 55 0 0 0
Intangibles NA 13 13 14 14
Deposits & Other Assets NA 1 1 1 1
Total Assets NA 2,237 2,093 2,033 2,137
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 254 209 195 183
Current Portion Long-Term Debt NA 2 2 2 2
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 2 2 1 3
Total Current Liabilities NA 271 223 207 197
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 54 52 47 34
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 678 718 717 859
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 27 18 18
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 1,069 1,062 1,029 1,147
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 1,752 1,719 1,716 1,710
Capital Surplus NA 56 55 55 54
Retained Earnings NA -750 -864 -877 -891
Other Equity NA 109 120 109 117
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 1,167 1,031 1,003 990
Total Liabilities & Shareholder's Equity NA 2,237 2,093 2,033 2,137
Total Common Equity 0 1,167 1,031 1,003 990
Shares Outstanding 14.40 14.30 13.60 13.60 13.70
Book Value Per Share 0.00 81.63 75.83 73.76 72.28