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Last C$8.99 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:00 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

precision drilling corp (PD) Snapshot

Open
C$8.72
Previous Close
C$8.99
Day High
C$9.01
Day Low
C$8.61
52 Week High
07/4/14 - C$15.66
52 Week Low
01/14/15 - C$5.70
Market Cap
2.6B
Average Volume 10 Days
3.0M
EPS TTM
C$0.39
Shares Outstanding
292.8M
EX-Date
05/13/15
P/E TM
23.1x
Dividend
C$0.28
Dividend Yield
2.92%
Current Stock Chart for PRECISION DRILLING CORP (PD)

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precision drilling corp (PD) Details

Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates through 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, refurbishment, and sale of drilling and service rig equipment. As of December 31, 2014, this segment operated 313 land drilling rigs, including 174 in Canada; 124 in the United States; 6 in Mexico; 4 in Saudi Arabia; 2 in Kuwait; 2 in the Kurdistan region of Iraq; and 1 in the country of Georgia. The Completion and Production Services segment offers completion and workover services, and ancillary services to oil and natural gas exploration and production companies. This segment provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; snubbing units and coil tubing units for pressure control services; camp and catering services; and water system services, as well as is involved in the rental of oilfield surface equipment, and wellsite accommodations. This segment operated 156 well completion and workover service rigs, 17 snubbing units, and 4 coil tubing units in Canada and the United States; approximately 2,600 oilfield rental items, including surface storage, small-flow wastewater treatment, and power generation, and solids control equipment; and 221 wellsite accommodation units in Canada and 65 in the United States. It also had 50 drilling camps and 4 base camps in Canada; and 10 large-flow wastewater treatment units, 8 potable water production units, and 25 pump houses in Canada. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.

5,634 Employees
Last Reported Date: 04/27/15
Founded in 1951

precision drilling corp (PD) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$711.9K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$453.9K
President of Drilling Operations
Total Annual Compensation: C$416.2K
President of International Operations
Total Annual Compensation: C$384.9K
President of Completion & Production Services
Total Annual Compensation: C$349.7K
Compensation as of Fiscal Year 2014.

precision drilling corp (PD) Key Developments

Precision Drilling Corporation Declares 2015 Second Quarter Dividend, Payable on May 29, 2015; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Capital Expenditure Guidance for the Year 2015

The Board of Directors of Precision Drilling Corporation declared a 2015 second quarter dividend in its common shares of $0.07 per share, payable on May 29, 2015, to shareholders of record on May 15, 2015. For Canadian income tax purposes, all dividends paid by Precision on its common shares are designated as eligible dividends, unless otherwise indicated by Precision. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $512,120,000 against $672,249,000 a year ago. Operating earnings was $47,287,000 against $131,569,000 a year ago. Earnings before income taxes were $56,011,000 against $110,766,000 a year ago. Net earnings was $24,033,000 against $101,557,000 a year ago. Basic and diluted EPS was $0.08 per share against $0.35 per share a year ago. Funds provided by operations were $155,186,000 against $231,393,000 a year ago. Purchase of property, plant and equipment was $225,822,000 against $105,999,000 a year ago. Adjusted EBITDA was $163,384,000 against $237,274,000 a year ago. Cash provided by operations was $215,138,000 against $170,127,000 a year ago. For the year 2015, the company expects capital expenditure plan includes $385 million for expansion capital, $78 million for sustaining and infrastructure expenditures, and $43 million to upgrade existing rigs. The company expects that the $506 million will be split $500 million in the Contract Drilling Services segment and $6 million in the Completion and Production Services segment.

Precision Drilling Corporation to Report Q1, 2015 Results on Apr 27, 2015

Precision Drilling Corporation announced that they will report Q1, 2015 results at 2:00 PM, US Eastern Standard Time on Apr 27, 2015

Precision Drilling Corporation, Q1 2015 Earnings Call, Apr 27, 2015

Precision Drilling Corporation, Q1 2015 Earnings Call, Apr 27, 2015

 

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Industry Analysis

PD

Industry Average

Valuation PD Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.3x
Price/Book 1.1x
Price/Cash Flow 6.6x
TEV/Sales 0.1x
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