Precision Drilling Corporation
PDS
Positions held
Your positionsPDS isn't in your positions.
Add it to see shares, cost, and P&L here.
Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Precision Drilling Corporation is well-positioned in the energy sector, benefiting from the ongoing recovery in oil prices and increased drilling activity.
- In 2023, Precision Drilling reported a revenue of $1.94 billion, with a gross margin of 84.6%.
- The company has a forward P/E ratio of 9.81, indicating potential undervaluation compared to industry peers.
- The company faces challenges with a high debt-to-equity ratio of 43.41, which may limit financial flexibility.
- In Q2 2026, Precision Drilling experienced a revenue decline of 14% compared to the previous quarter, dropping from $526 million to $453 million.
- The operating margin has significantly compressed to 3.2% in Q2 2026, down from 7.5% in Q1 2026.
Fundamentals
| Market cap | $1.06B | Enterprise value | $1.71B | Trailing P/E | — | Forward P/E | 10.04 |
| PEG | 33.32 | Price / book | 0.95 | Beta | 1.45 | Dividend yield | 0.00% |
| Revenue growth | 11.4% | Earnings growth | — | Gross margin | 30.9% | Operating margin | 3.2% |
| Profit margin | -1.7% | ROE | -1.9% | ROA | 3.0% | Debt / equity | 0.43 |
| Current ratio | 1.46 | Free cash flow | $139.09M | Analyst recommendation | buy | Mean target | $100.83 |
| 52w high | $103.80 | 52w low | $53.42 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $453M | $526M | $479M | $462M | $407M | — |
| Op margin | 3.2% | 7.5% | -6.1% | 8.3% | 8.2% | — |
| Net income | -$1.2M | $17.4M | -$42.2M | -$6.8M | $16.3M | — |
| Gross margin | 81.7% | 84.0% | 81.5% | 82.8% | 81.6% | — |
| Gross profit | $370M | $442M | $390M | $383M | $332M | — |
| Operating income | $14.4M | $39.6M | -$29.2M | $38.1M | $33.2M | — |
- Revenue -14% vs prior quarter ($453M vs $526M).
- Gross margin 81.7% (was 84% prior quarter).
- Operating margin compressed to 3.2%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.9B | $1.9B | $1.6B | — |
| Op margin | 5.7% | 11.1% | 15.7% | 2.0% | — |
| Net income | $1.8M | $111M | $289M | -$34.3M | — |
| Gross margin | 82.8% | 83.7% | 84.6% | 82.7% | — |
| Gross profit | $1.5B | $1.6B | $1.6B | $1.3B | — |
| Operating income | $105M | $212M | $304M | $32.6M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-09-30 · Are Investors Undervaluing Precision Drilling (PDS) Right Now?
2026-09-29 · Precision Drilling Corporation 2026 Third Quarter Results Conference Call and Webcast
2026-09-16 · Precision Drilling Renews Share Buyback Program
2026-09-16 · Precision Drilling Renews Share Buyback Program
2026-09-16 · Precision Drilling Announces Renewal of Normal Course Issuer Bid
2026-08-20 · Nabors Surges 155% in a Year: Here's How to Play the Stock
2026-07-30 · Precision Drilling Q2 Earnings Call Highlights
2026-07-29 · Precision Drilling Swings to Q2 Net Loss YoY
2026-07-29 · Precision Drilling Swings to Q2 Loss, Revenue Rises
2026-07-29 · Precision Drilling (PDS) Reports Q2 Loss, Beats Revenue Estimates
2026-07-29 · Precision Drilling: Q2 Earnings Snapshot
2026-07-29 · Precision Drilling Announces 2026 Second Quarter Unaudited Financial Statements
Price (daily)
Full chart · RSI · MACD · patterns