Monday's analyst upgrades and downgrades [Globe and Mail, The (Toronto, Canada)]
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
Company Research
Source: Globe and Mail, The
ATB Capital Markets analyst Waqar Syed and Tim Monachello are bearish on U.S.-based energy services companies in the near-term, expecting “weak” second-quarter guidance from land drilling contractors and “sub-optimally positioned” pumpers. “However, underlying the theme of weak near-term outlook is an improving medium-term outlook for the U.S., given WTI is at $85.00 per barrel, and EIA's January 2024 oil production data is showing 762 mbbl/d month-over-month declines, meaning that oil-related D&C activity needs to increase in H2/24 and then more meaningfully in 2025,” they said. “As a result, we raise our 2025 U.S. land rig count forecast, and recommend buying quality U.S. companies on any weakness generated by a Q1/24 EBITDA miss or from below-consensus Q2/24 guide. “Our Q1/24 EBITDA estimates are generally in-line with consensus, but we are slightly below for TCW-T, ESI-T and LBRT-N. We expect below-consensus EBITDA Q2/24e EBITDA guidance for NBR-N, HP-N and PTEN-N, as U.S. ri
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PDS
News
- Precision Drilling Co. (NYSE: PDS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Precision Drilling First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- Precision Drilling seeing boost in demand as Trans Mountain start nears [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Precision Drilling Announces 2024 First Quarter Unaudited Financial Results [Yahoo! Finance]Yahoo! Finance
- Precision Drilling Announces 2024 First Quarter Unaudited Financial Results [Financial Post (Toronto, Ontario, Canada)]Financial Post
PDS
Earnings
- 4/25/24 - Beat
PDS
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/3/24 - Form 6-K
- PDS's page on the SEC website