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Last C$6.66 CAD
Change Today +0.01 / 0.15%
Volume 2.1M
PD On Other Exchanges
Symbol
Exchange
Toronto
New York
Berlin
As of 4:00 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

precision drilling corp (PD) Snapshot

Open
C$6.65
Previous Close
C$6.65
Day High
C$6.75
Day Low
C$6.54
52 Week High
08/27/14 - C$13.98
52 Week Low
01/14/15 - C$5.70
Market Cap
2.0B
Average Volume 10 Days
2.9M
EPS TTM
C$0.40
Shares Outstanding
292.9M
EX-Date
08/6/15
P/E TM
16.6x
Dividend
C$0.28
Dividend Yield
4.05%
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.

7,834 Employees
Last Reported Date: 03/13/15
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
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 Third Quarter Dividend on Common Shares, Payable on August 21, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capital Expenditure Guidance for the Year 2015

Precision Drilling Corporation has declared 2015 third quarter dividend on its common shares of $0.07 per common share, payable on August 21, 2015, to shareholders of record on August 10, 2015. The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $334.462 million compared to $475.174 million a year ago mainly due to lower activity from North American operations. Operating loss was $31.773 million compared to operating earnings of $23.772 million a year ago. Loss before income taxes was $72.439 million compared to $1.492 million a year ago. Net loss $29.817 million or $0.10 per basic and diluted share compared to $7.174 million or $0.02 per basic and diluted share a year ago. Funds provided by operations were $53.173 million compared to $97.805 million a year ago. Purchase of property, plant and equipment was $113.045 million compared to $174.854 million a year ago. Adjusted EBITDA was $88.355 million compared to $129.695 million a year ago. Cash provided by operations was $169.877 million compared to $228.412 million a year ago. For the six months, the company reported revenue of $846.582 million compared to $1,147.423 million a year ago. Operating earnings was $15.514 million compared to $155.341 million a year ago. Loss before income taxes was $16.428 million compared to earnings before income taxes of $109.274 million a year ago. Net loss was $5.784 million or $0.02 per basic and diluted share compared to net earnings of $94.383 million or $0.32 per basic and diluted share a year ago. Funds provided by operations were $208.359 million compared to $329.198 million a year ago. Purchase of property, plant and equipment was $338.867 million compared to $280.853 million a year ago. Adjusted EBITDA was $251.739 million compared to $366.969 million a year ago. Cash provided by operations was $385.015 million compared to $398.539 million a year ago. The 2015 capital expenditure plan includes $422 million for expansion capital, $78 million for sustaining and infrastructure expenditures, and $46 million to upgrade existing rigs.

Precision Drilling Corporation to Report Q2, 2015 Results on Jul 23, 2015

Precision Drilling Corporation announced that they will report Q2, 2015 results at 2:00 PM, US Eastern Standard Time on Jul 23, 2015

Precision Drilling Corporation, Q2 2015 Earnings Call, Jul 23, 2015

Precision Drilling Corporation, Q2 2015 Earnings Call, Jul 23, 2015

 

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Industry Analysis

PD

Industry Average

Valuation PD Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book 0.8x
Price/Cash Flow 4.6x
TEV/Sales NM Not Meaningful
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