PD.TO - Precision Drilling Corporation
| Previous Close | 0.4600 |
| Open | 0.4700 |
| Bid | 0.4600 x 0 |
| Ask | 0.4650 x 0 |
| Day's Range | 0.4550 - 0.4950 |
| 52 Week Range | 0.3900 - 4.0500 |
| Volume | 1,897,071 |
| Avg. Volume | 1,942,478 |
| Market Cap | 124.775M |
| Beta (5Y Monthly) | 3.23 |
| PE Ratio (TTM) | 22.75 |
| EPS (TTM) | 0.0200 |
| Earnings Date | Apr. 22, 2020 - Apr. 26, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Nov. 03, 2015 |
| 1y Target Est | 1.46 |
- GlobeNewswire
PRECISION DRILLING ANNOUNCES FILING OF MANAGEMENT INFORMATION CIRCULAR, VIRTUAL-ONLY ANNUAL AND SPECIAL SHAREHOLDER MEETING AND PROPOSED SHARE CONSOLIDATION
For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release. CALGARY, Alberta, April 01, 2020 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision” or “the Company”) (TSX:PD; NYSE:PDS) announces today the filing and publication of its Management Information Circular (the “Circular”) issued in connection with the 2020 Annual and Special Meeting (the “Annual Meeting”) and its proposed share consolidation. A copy of the Circular can be downloaded from the Company’s SEDAR profile at www.sedar.com and the Company’s EDGAR profile at www.sec.gov/edgar.shtml.
- GlobeNewswire
PRECISION DRILLING ANNOUNCES RECEIPT OF CONTINUED LISTING STANDARD NOTICE FROM NYSE
This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release. CALGARY, Alberta, March 25, 2020 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision” or “the Company”) (TSX:PD; NYSE:PDS) announces that on March 24 it received formal notice of non-compliance with the New York Stock Exchange (the “NYSE”) share price continued listing standards, which require a listed common stock to maintain a minimum average closing price of US$1.00 per share for 30 consecutive trading days.
- Baystreet
Stocks in play: Precision Drilling Corporation
Provides a series of announcements in response to the COVID-19 pandemic and current market conditions. ...
- The Canadian Press
Precision Drilling moves to cut costs and capital spending plan
CALGARY — Precision Drilling Corp. says it is reducing staff, cutting salaries and lowering its capital spending plan in response to the COVID-19 pandemic and current market conditions.The company did not immediately say how many jobs it was cutting as part of the plan.The cuts come as Precision lowers its 2020 capital spending plan to $48 million, compared with earlier expectations for $95 million, and warns that further changes may be considered as the year progresses.The company also expects to reduce its fixed costs by over 30 per cent on an annualized basis.The oilfield services company is reducing its chief executive salary by 20 per cent, while other executive officer salaries are being cut by 10 per cent. Board of director compensation is being reduced by 20 per cent.It is also implementing staff salary reductions and eliminating all non-essential travel, entertaining and other discretionary spending.This report by The Canadian Press was first published March 24, 2020.Companies in this story: (TSX:PD)The Canadian Press
- GlobeNewswire
PRECISION DRILLING ANNOUNCES COVID-19 RESPONSE, REDUCTIONS IN CAPITAL EXPENDITURE PLAN AND FIXED COSTS, AND UPDATES ITS LIQUIDITY POSITION AND STRATEGIC PRIORITIES
This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release. CALGARY, Alberta, March 24, 2020 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision” or “the Company”) (TSX:PD; NYSE:PDS) provides a series of announcements in response to the COVID-19 pandemic and current market conditions.
- The Motley Fool
Attention Value Investors, Snap Up This Stock!
Value investors, read about this deep value play in the oil and gas sector: Precision Drilling (TSX:PD).The post Attention Value Investors, Snap Up This Stock! appeared first on The Motley Fool Canada.
- Zacks
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Matador (MTDR) to Trim Drilling Program as Oil Price Plunges
By the first half of 2020, Matador (MTDR) intends to reduce its drilling program to three rigs from six.
- GlobeNewswire
Precision Drilling Corporation Announces Filing of Annual Disclosure Documents
CALGARY, Alberta, March 09, 2020 -- Precision Drilling Corporation (“Precision”) announced that it has filed its annual disclosure documents with the securities commissions in.
- The Motley Fool
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- Thomson Reuters StreetEvents
Edited Transcript of PD.TO earnings conference call or presentation 13-Feb-20 7:00pm GMT
Q4 2019 Precision Drilling Corp Earnings Call
- The Canadian Press
Precision Drilling shares jump on earnings beat, higher activity forecast
CALGARY — Progress in getting oil export pipelines approved is boosting optimism in Western Canada's oilpatch, leading to more demand for rigs and hundreds of crew members being called back to work, the CEO of Precision Drilling Corp. said Thursday.But while brighter outlooks have boosted the number of rigs it has in the field, Kevin Neveu said his forecast for 2020 growth is modest, with average activity likely winding up flat compared with last year."Today we are running 80 rigs, versus 55 at this time last year," he said on a conference call to discuss fourth-quarter results."We expect Precision's Canadian activity will remain in the mid-70s through the end of February, and that the seasonal spring breakup slowdown will be weather driven, rather than a function of budget exhaustion."Overall, with a 40 per cent increase in rig activity year-over-year, Precision has added 450 new field personnel since mid-2019," he said.Increased demand is coming from producers tapping liquids-rich natural gas reservoirs in the Montney and Duvernay areas of western Alberta and northeastern B.C., and in heavy oil, including thermal oilsands, he said.The two go hand-in-hand as producers use condensate, a light petroleum produced with natural gas, to dilute heavy oil so that it will flow in a pipeline.While sentiment is up based on advances in getting the Trans Mountain expansion, Keystone XL and Line 3 replacement pipelines built, Neveu warned the Canadian oil and gas sector remains "highly sensitive" to macro economic news.Precision's report follows a forecast from the Canadian Association of Petroleum Producers two weeks ago that predicted a jump of about $2 billion in capital spending in the oil and gas sector this year, after spending declines in four of the past five years.That will take the total to about $37 billion, which is less than half as much as in 2014 when investment levels reached $81 billion, the group said.Meanwhile, the Petroleum Services Association of Canada recently revised its 2020 drilling forecast to 4,800 wells, an increase of 300 wells or seven per cent from its October estimate.Precision shares jumped by more than 10 per cent on the Toronto Stock Exchange Thursday after it reported fourth-quarter revenue and earnings that beat expectations.Its stock rose by as much as 17 cents to $1.83. Their 52-week high of $4.06 was set last April.The Calgary-based driller said it had a net loss of $1.06 million on revenue of $372 million in the three months ended Dec. 31, compared with a net loss of $198 million (mainly due to a goodwill writedown) on revenue of $427 million in the same period of 2018.The figures beat analyst expectations of a net loss of $16.6 million on revenue of $357 million, according to financial markets data firm Refinitiv.The company's 13 per cent decline in revenue in the fourth quarter was blamed on lower oil and gas drilling activity in both Canada and the United States, offset by higher activity in its international operations.It reported a net after-tax loss of $15 million in the quarter due to decommissioning drilling and other equipment that no longer meets technology standards.This report by The Canadian Press was first published Feb. 13.Companies in this story: (TSX:PD) Dan Healing, The Canadian Press
- Zacks
Precision Drilling (PDS) Tops Q4 Earnings and Revenue Estimates
Precision Drilling (PDS) delivered earnings and revenue surprises of 200.00% and 3.02%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- GlobeNewswire
Precision Drilling Corporation Announces 2019 Fourth Quarter and Year End Unaudited Financial Results
CALGARY, Alberta, Feb. 13, 2020 -- (Canadian dollars except as indicated) This news release contains “forward-looking information and statements” within the meaning of.
- The Canadian Press
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (17,511.75, up 10.87 points.)Bombardier Inc. (TSX:BBD.B). Industrials. Down three cents, or 2.31 per cent, to $1.27 on 7.6 million shares.Wallbridge Mining Company Ltd. (TSX:WM). Materials. Up 17 cents, or 22.97, to 91 cents on 5.4 million shares.Royal Bank of Canada (TSX:RY). Financials. Up eight cents, or 0.08 per cent, to $105.78 on 4.9 million shares.Precision Drilling Corp. (TSX:PD). Energy. Up seven cents, or 4.46 per cent, to $1.64 on 4.9 million shares.Enbridge Inc. (TSX:ENB). Energy. Up 23 cents, or 0.43 per cent, to $54.33 on 4.2 million shares.Suncor Energy Inc. (TSX:SU). Energy. Down four cents, or 0.1 per cent, to $41.51 on 3.8 million shares. Companies in the news:Air Canada (TSX:AC). Up 50 cents to $45.60. Air Canada is halting all direct flights to China following the federal government's advisory to avoid non-essential travel to the mainland due to the coronavirus epidemic. The suspension is effective Thursday and slated to last until Feb. 29, Air Canada said. Canada's largest airline runs 33 flights a week to Beijing and Shanghai. Earlier this week it began to cancel select flights as customers delayed trips and called off travel plans due to fears of the spreading epidemic.Teck Resources Ltd. (TSX:TECK.B). Up six cents to $17.81. The CEO of Teck Resources Ltd. says it's "anyone's guess" as to whether the federal government will allow his company to build the proposed $20.6-billion Frontier oilsands mine in northeastern Alberta. But Don Lindsay says the lengthy process of getting a permit to build the project near Wood Buffalo National Park didn't cost much and is worthwhile even if the Vancouver-based company ultimately decides not to go ahead with construction. On Tuesday, federal Environment Minister Jonathan Wilkinson linked approval of the mine with provincial efforts to help Canada meet its climate goals and added the government has the right to delay its decision, which is expected before the end of February.Canadian Pacific Railway Ltd. (TSX:CP). Up $4.80 to $348.56. Canadian Pacific Railway Ltd. reported a record fourth-quarter profit as it seized on higher crude volumes and overcame a late grain harvest and other headwinds to boost profits by 22 per cent. CEO Keith Creel said global economic uncertainty slowed volumes across North America. Income from energy, chemicals and plastics shot up by one-third last quarter, with crude volumes reaching a company record at more than 36,000 carloads. It reported a fourth-quarter net income of $664 million, up from a profit of $545 million in the same period a year earlier.Restaurant Brands International (TSX:QSR). Up 33 cents to $82.97. Tim Hortons has stopped selling Beyond Meat products in Ontario and B.C. — the last two provinces serving them after the company scaled back the plant-based offering in September. A spokeswoman for the coffee chain's parent company, Restaurant Brands International, says there was not enough demand to keep selling Beyond Meat breakfast sandwiches in the two provinces. The company first piloted the plant-based breakfast sandwich in May, before rolling out three plant-based sandwiches nationally in June. A month later, it added two Beyond Meat burgers to menus nationwide.CGI Inc. (TSX:GIB.A). Down $8.91 or 7.9 per cent to $104.00. CGI Inc. says its first-quarter profit fell compared with a year ago as it was hit by one-time restructuring costs and integration expenses. The technology and business consulting firm says it earned $290.2 million or $1.06 per diluted share for the quarter ended Dec. 31. That compared with a profit of $311.5 million or $1.11 per diluted share in the same period a year earlier. Revenue totalled $3.05 billion, up from $2.96 billion. CGI says its first-quarter results included $16.5 million in acquisition-related and integration costs and $28.2 million in restructuring expenses.This report by The Canadian Press was first published Jan. 29, 2020. The Canadian Press
- GlobeNewswire
Precision Drilling Corporation 2019 Fourth Quarter and End of Year Results Conference Call and Webcast
CALGARY, Alberta, Jan. 27, 2020 -- Precision Drilling Corporation (“Precision”) intends to release its 2019 fourth quarter results before the market opens on Thursday, February.
- The Motley Fool
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Oil stocks are cheap and they are starting to move once again with value service stocks like Precision Drilling Corp. (TSX:PD)(NYSE:PD) being the next winners.
- Simply Wall St.
Precision Drilling Corporation (TSE:PD) Is Expected To Breakeven
Precision Drilling Corporation's (TSE:PD): Precision Drilling Corporation, an oilfield services company, provides oil...
- GlobeNewswire
Precision Drilling Announces Updates on Debt Repayment, Share Repurchases, Liquidity and 2020 Capital Expenditure Plan
For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release. CALGARY, Alberta, Jan. 07, 2020 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision” or “the Company”) (TSX:PD; NYSE:PDS) provides a series of announcements including: 1) year-end and 2020 debt repayment updates and progress on long-term debt reduction targets; 2) year-end progress on share repurchases; 3) year-end cash balance and extension of revolving credit facility; and 4) revised 2020 capital expenditure plan. Following additional open market repurchases and redemptions of its senior notes in the fourth quarter, Precision’s 2019 debt repayments totaled $205 million, exceeding its recently increased 2019 annual target of $200 million.
- Simply Wall St.
Have Insiders Been Buying Precision Drilling Corporation (TSE:PD) Shares This Year?
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
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