Precision Drilling: Bullish On Canadian Oilfield Services Stocks Going Into 2024 [Seeking Alpha]
Precision Drilling Corporation (PDS)
Last precision drilling corporation earnings: 4/30 06:00 am
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US:NYSE Investor Relations:
precisiondrilling.com/investor-relations/default.aspx
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Source: Seeking Alpha
The Canadian players Precision Drilling and Ensign Energy appear particularly undervalued, given that oilfield activity in Canada stands at multi-year highs. Precision Drilling can be bought at 3x next year's EBITDA or 5x next year's earnings; Wall Street expects 60% upside. I rate Precision Drilling a "buy"; I am bullish on premium drilling and completion services providers, particularly those with Canadian exposure. Note: Precision Drilling is a Canadian company; the article distinguishes between Canadian dollars (C$) and US dollars (US$). Investment thesis Precision Drilling ( NYSE: PDS ) is one of the 5 big providers of land drilling services to the oil and gas industry in the US and Canada; the other 4 are: Nabors Industries ( NBR Helmerich & Payne ( HP Patterson-UTI Energy ( PTEN Ensign Energy Services ( ESI:CA NBR, HP, and PTEN are US companies whereas Precision and Ensign are Canadian-based although both Canadian peers also run US rigs. Generally, these dr
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PDS
News
- Precision Drilling (NYSE:PDS) (TSE:PD) had its "overweight" rating reaffirmed by analysts at Piper Sandler.MarketBeat
- Precision Drilling (NYSE:PDS) (TSE:PD) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- Precision Drilling (NYSE:PDS) (TSE:PD) was upgraded by analysts at Atb Cap Markets to a "strong-buy" rating.MarketBeat
- Precision Drilling (NYSE:PDS) (TSE:PD) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Precision Drilling (NYSE:PDS) (TSE:PD) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
PDS
Earnings
- 10/22/25 - Miss
PDS
Sec Filings
- 10/24/25 - Form 6-K
- 10/23/25 - Form 6-K
- 10/23/25 - Form 6-K
- PDS's page on the SEC website