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Last C$8.05 CAD
Change Today +0.20 / 2.55%
Volume 3.8M
PD On Other Exchanges
Symbol
Exchange
Toronto
Berlin
As of 4:00 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

precision drilling corp (PD) Snapshot

Open
C$7.80
Previous Close
C$7.85
Day High
C$8.10
Day Low
C$7.77
52 Week High
07/4/14 - C$15.66
52 Week Low
01/14/15 - C$5.70
Market Cap
2.4B
Average Volume 10 Days
3.1M
EPS TTM
C$0.68
Shares Outstanding
292.8M
EX-Date
02/25/15
P/E TM
11.9x
Dividend
C$0.28
Dividend Yield
3.23%
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$656.6K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$378.7K
President of Drilling Operations
Total Annual Compensation: C$378.7K
President of International Operations
Total Annual Compensation: C$350.2K
President of Completion & Production Services
Total Annual Compensation: C$341.4K
Compensation as of Fiscal Year 2013.

precision drilling corp (PD) Key Developments

Precision Drilling Corporation Presents at FirstEnergy 2015 East Coast Energy Conference, Mar-13-2015 09:45 AM

Precision Drilling Corporation Presents at FirstEnergy 2015 East Coast Energy Conference, Mar-13-2015 09:45 AM. Venue: New York Palace, 455 Madison Avenue, New York, NY 10022, United States.

Precision Drilling Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Capital Expenditure Guidance for the Full Year of 2015; Declares Dividend for the Fourth Quarter of 2014, Payable on March 12, 2015; Reports Unaudited Consolidated Impairment Charges for the Fourth Quarter Ended December 31, 2014

Precision Drilling Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenues of CAD 618,525,000 against CAD 566,909,000 a year ago. Operating loss was CAD 22,192,000 against operating earnings of CAD 107,602,000 a year ago. Loss before income taxes was CAD 148,999,000 against earnings before income taxes of CAD 87,961,000 a year ago. Net loss was CAD 114,044,000 or CAD 0.39 diluted earnings per share against net earnings of CAD 67,921,000 or CAD 0.24 diluted loss per share a year ago. Funds provided by operations were CAD 172,059,000 against CAD 155,816,000 a year ago. Purchase of property, plant and equipment was CAD 338,250,000 against CAD 123,042,000 a year ago. Adjusted EBITDA was CAD 234,011,000 against CAD 197,744,000 a year ago. Revenue is high mainly due to higher drilling activity in the U.S., Canada and internationally along with higher average dayrates in the U.S. and internationally. For the full year, the company reported revenues of CAD 2,350,538,000 against CAD 2,029,997,000 a year ago. Operating earnings was CAD 225,002,000 against CAD 305,674,000 a year ago. Earnings before income taxes were CAD 21,077,000 against CAD 221,538,000 a year ago. Net earnings were CAD 33,152,000 or CAD 0.11 diluted earnings per share against CAD 191,150,000 or CAD 0.66 diluted earnings per share a year ago. Funds provided by operations were CAD 697,474,000 against CAD 461,973,000 a year ago. Purchase of property, plant and equipment was CAD 856,690,000 against CAD 535,804,000 a year ago. Adjusted EBITDA was CAD 800,370,000 against CAD 638,833,000 a year ago. The planned capital expenditures for 2015 are CAD 467 million and include capital expenditures from new-build announcements in 2014 that will be completed in 2015.  The Board of Directors of Precision Drilling Corporation has declared a dividend on its common shares of CAD 0.07 per common share, payable on March 12, 2015, to shareholders of record on February 27, 2015. During the quarter, the company recorded asset decommissioning and goodwill impairment charges totaling CAD 222 million.

Precision Drilling Corporation to Report Q4, 2014 Results on Feb 12, 2015

Precision Drilling Corporation announced that they will report Q4, 2014 results at 2:00 PM, US Eastern Standard Time on Feb 12, 2015

 

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Industry Analysis

PD

Industry Average

Valuation PD Industry Range
Price/Earnings 63.8x
Price/Sales 0.9x
Price/Book 0.9x
Price/Cash Flow 4.4x
TEV/Sales NM Not Meaningful
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