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Upturn AI SWOT - About
PDS 
Precision Drilling Corporation (PDS)
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Upturn Advisory Summary
04/01/2025: PDS (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -31.42% | Avg. Invested days 25 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 653.73M USD | Price to earnings Ratio 8.8 | 1Y Target Price 91.07 |
Price to earnings Ratio 8.8 | 1Y Target Price 91.07 | ||
Volume (30-day avg) 134836 | Beta 2.82 | 52 Weeks Range 43.00 - 79.07 | Updated Date 04/1/2025 |
52 Weeks Range 43.00 - 79.07 | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 5.43 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 5.85% | Operating Margin (TTM) 8.18% |
Management Effectiveness
Return on Assets (TTM) 4.43% | Return on Equity (TTM) 6.84% |
Valuation
Trailing PE 8.8 | Forward PE 10.14 | Enterprise Value 1206523855 | Price to Sales(TTM) 0.34 |
Enterprise Value 1206523855 | Price to Sales(TTM) 0.34 | ||
Enterprise Value to Revenue 0.91 | Enterprise Value to EBITDA 3.24 | Shares Outstanding 13644900 | Shares Floating 13051727 |
Shares Outstanding 13644900 | Shares Floating 13051727 | ||
Percent Insiders 2.17 | Percent Institutions 58.89 |
Analyst Ratings
Rating 4.56 | Target Price 91.07 | Buy 2 | Strong Buy 6 |
Buy 2 | Strong Buy 6 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Precision Drilling Corporation
Company Overview
History and Background
Precision Drilling Corporation was founded in 1951 as a small drilling company in Canada. Over the decades, it expanded through strategic acquisitions and organic growth, becoming a significant player in the North American oil and gas drilling services industry.
Core Business Areas
- Contract Drilling Services: Provides land-based contract drilling services to oil and gas producers, including directional drilling, horizontal drilling, and pad drilling. This is their core business segment, contributing the most to revenue.
- Completion and Production Services: Offers a range of completion and production services, including well servicing, snubbing, and rental equipment.
- Directional Drilling Services: Provides directional drilling services. This offering helps oil and gas companies to accurately and safely steer drill bits toward targeted locations below the surface. Precision Drilling deploys advanced technologies, precise instrumentation, and experienced directional drilling specialists to optimize well placement.
Leadership and Structure
Kevin Neveu is the President and CEO. The company has a board of directors overseeing strategic direction and various executive leadership roles managing different business units.
Top Products and Market Share
Key Offerings
- Super Series Drilling Rigs: Precision's Super Series rigs are advanced drilling rigs designed for complex drilling operations. They focus on improving drilling efficiency and reducing downtime. Market share data is not readily available for this specific product. Competitors include Nabors Industries and Helmerich & Payne.
- Well Servicing Rigs: These rigs are used for well maintenance, workovers, and completions. Competitors include Patterson-UTI Energy and Cactus Wellhead.
- Alpha Automation Drilling Technologies: Proprietary systems that automate and improve drilling processes. Competitors include NOV and Schlumberger
Market Dynamics
Industry Overview
The oil and gas drilling services industry is cyclical and highly dependent on commodity prices and exploration and production (E&P) spending. Current trends include increasing demand for technologically advanced drilling rigs and pressure on costs.
Positioning
Precision Drilling is positioned as a provider of high-performance drilling services, focused on technology and efficiency. Its competitive advantages include its fleet of advanced drilling rigs and its focus on customer service.
Total Addressable Market (TAM)
The global oilfield services market size is projected to reach USD 311.99 billion by 2030. Precision Drilling is strategically positioned to capture a significant portion of this market by investing in advanced technologies and expanding its geographic reach.
Upturn SWOT Analysis
Strengths
- Advanced drilling rig fleet
- Strong customer relationships
- Technological innovation
- Experienced management team
- Geographic diversification in North America
Weaknesses
- High debt levels
- Sensitivity to commodity price fluctuations
- Capital intensive business
- Exposure to environmental regulations
Opportunities
- Increasing demand for horizontal and directional drilling
- Expansion into new geographic markets
- Development of new drilling technologies
- Growth in unconventional resource development
Threats
- Decline in oil and gas prices
- Increased competition
- Stringent environmental regulations
- Geopolitical instability
- Shift towards renewable energy sources
Competitors and Market Share
Key Competitors
- HP (HP)
- NAB (NABORS INDUSTRIES LTD)
- Patterson-UTI Energy (PTEN)
Competitive Landscape
Precision Drilling competes primarily on technology, service quality, and price. Advantages include its advanced rig fleet and experienced personnel. Disadvantages include its debt load and sensitivity to commodity prices.
Major Acquisitions
High Arctic Energy Services' Canadian Well Servicing Business
- Year: 2022
- Acquisition Price (USD millions): 38.2
- Strategic Rationale: Strengthen and streamline its well servicing position across Canada.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been cyclical, influenced by oil and gas prices and drilling activity.
Future Projections: Future projections depend on analyst estimates which vary. Factors include oil prices, drilling activity, and Precision Drilling's ability to capture market share.
Recent Initiatives: Recent strategic initiatives might include capital expenditure projects to upgrade the rig fleet, acquisitions, and expansions in technology development.
Summary
Precision Drilling is a key player in North American drilling, known for its advanced technology. While commodity price volatility poses a risk, their focus on efficiency and strong customer relationships provides stability. High debt levels remain a concern, but ongoing investments in automation present opportunities for growth. Ultimately, Precision's success hinges on managing its debt and capitalizing on the growing demand for advanced drilling solutions.
Similar Companies
HP
Helmerich and Payne Inc
HP
Helmerich and Payne Inc
NOV
NOV Inc.
NOV
NOV Inc.
PTEN
Patterson-UTI Energy Inc
PTEN
Patterson-UTI Energy Inc
SLB
Schlumberger NV
SLB
Schlumberger NV
Sources and Disclaimers
Data Sources:
- Company Filings
- Industry Reports
- Analyst Estimates
- Public News Sources
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Investment decisions should be made based on thorough research and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Precision Drilling Corporation
Exchange NYSE | Headquaters Calgary, AB, Canada | ||
IPO Launch date 1996-11-15 | President, CEO & Director Mr. Kevin A. Neveu B.Sc., P.Eng | ||
Sector Energy | Industry Oil & Gas Drilling | Full time employees 5504 | |
Full time employees 5504 | |||
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 the United States, Canada, and internationally. It 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 oil, natural gas, and geothermal industry. This segment also 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. Further, the company offers automation solutions for drilling operations comprising AlphaAutomation, AlphaApps, AlphaAnalytics, and AlphaARMS; and EverGreen suite of environmental solutions comprising EverGreenMonitoring, EverGreenEnergy, and EverGreenHydrogen. 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 also operates well completion and workover service rigs. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.
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