Last C$8.47 CAD
Change Today -0.30 / -3.42%
Volume 3.4M
PD On Other Exchanges
Symbol
Exchange
Toronto
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As of 4:00 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

precision drilling corp (PD) Snapshot

Open
C$8.72
Previous Close
C$8.77
Day High
C$8.74
Day Low
C$8.41
52 Week High
07/4/14 - C$15.66
52 Week Low
11/19/14 - C$8.28
Market Cap
2.5B
Average Volume 10 Days
2.8M
EPS TTM
C$0.75
Shares Outstanding
292.8M
EX-Date
11/12/14
P/E TM
11.3x
Dividend
C$0.28
Dividend Yield
2.95%
Current Stock Chart for PRECISION DRILLING CORP (PD)

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precision drilling corp (PD) Details

Precision Drilling Corporation provides energy services primarily to the North American oil and gas industry. It operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment provides onshore drilling services to exploration and production companies in the oil and natural gas industry. It also procures and distributes oilfield supplies; and manufactures, sells, and repairs drilling equipment. As of December 31, 2013, this segment operated 327 land drilling rigs, including 187 in Canada; 127 in the United States; 8 in Mexico; 3 in Saudi Arabia; and 2 in the Kurdistan region of northern Iraq. The Completion and Production Services segment provides completion and workover services, and ancillary services to oil and natural gas exploration and production companies. It also offers snubbing, coiled tubing, camp and catering, and wastewater treatment services; and oilfield equipment rental services. As of December 31, 2013, this segment operated 191 well completion and workover service rigs, 19 snubbing units, and 12 coil tubing units in Canada and the United States; 235 wellsite accommodation units in Canada and 67 wellsite accommodation units in the United States; and 50 drilling camps and 3 base camps in Canada, and 2 drilling camps and 1 base camp in the United States. It also had 10 large-flow wastewater treatment units, 24 pump houses, and 7 potable water production units in Canada, as well as offered approximately 3,800 oilfield rental items, including surface storage, small-flow wastewater treatment, power generation, and solids control equipment primarily in Canada. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.

8,530 Employees
Last Reported Date: 03/14/14
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 Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capital Spending Guidance for the Full Year 2014; Provides Tax Rate Guidance for the Year of 2015; Declares Quarterly Dividend, Payable on November 24, 2014

Precision Drilling Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of CAD 584,590,000 compared to CAD 488,450,000 a year ago. Operating earnings was CAD 91,853,000 compared to CAD 52,116,000 a year ago. Earnings before income taxes were CAD 60,802,000 compared to CAD 25,821,000 a year ago. Net earnings were CAD 52,813,000 or CAD 0.18 per diluted share compared to CAD 29,443,000 or CAD 0.10 per diluted share a year ago. Cash provided by operating activities was CAD 146,733,000 compared to CAD 88,341,000 a year ago. Purchase of property, plant and equipment was CAD 237,587,000 compared to CAD 145,920,000 a year ago. Adjusted EBITDA were CAD 199,390,000 against CAD 137,660,000 a year ago. Funds provided by operations were CAD 196,217,000 compared to CAD 127,684,000 a year ago. For the nine months, the company reported revenue of CAD 1,732,013,000 compared to CAD 1,463,068,000 a year ago. Operating earnings was CAD 247,194,000 compared to CAD 198,072,000 a year ago. Earnings before income taxes were CAD 170,076,000 compared to CAD 133,577,000 a year ago. Net earnings were CAD 147,196,000 or CAD 0.50 per diluted share compared to CAD 123,229,000 or CAD 0.43 per diluted share a year ago. Cash provided by operating activities was CAD 545,272,000 compared to CAD 333,634,000 a year ago. Purchase of property, plant and equipment was CAD 518,440,000 compared to CAD 412,762,000 a year ago. Adjusted EBITDA was CAD 566,359,000 compared to CAD 441,089,000 a year ago. Funds provided by operations were CAD 525,415,000 compared to CAD 306,157,000 a year ago. The increase was primarily the result of improved operations and a decrease in income tax installments paid. Operating earnings were positively impacted by the increase in drilling activity and rates in contract drilling rig operations partially offset by an increase in depreciation from moving to the straight-line method and the depreciation on asset additions. Net debt was approximately CAD 1.2 billion. The company provided capital spending guidance for the year 2014. Planned capital expenditures for 2014 are now expected to be CAD 908 million, a decrease of CAD 26 million from the second quarter that is primarily the timing of expenditures on infrastructure and upgrades. The 2014 capital expenditure plan includes CAD 577 million for expansion capital, CAD 187 million for sustaining and infrastructure expenditures, and CAD 144 million to upgrade existing rigs. The company expects that the CAD 908 million will be split CAD 871 million in the Contract Drilling segment and CAD 37 million in the Completion and Production Services segment. The estimated additional depreciation expense for the full year 2014 is approximately CAD 50 million. Effective tax rate to be in the range of 14% to 16%, The company would expect a similar range effective tax rate for 2015 as in 2014. The board of directors has declared a dividend on its common shares of CAD 0.07 per common share, a 17% increase over the prior quarter. The dividend is payable on November 24, 2014, to shareholders of record on November 14, 2014.

Precision Drilling Corporation to Report Q3, 2014 Results on Oct 27, 2014

Precision Drilling Corporation announced that they will report Q3, 2014 results at 2:00 PM, US Eastern Standard Time on Oct 27, 2014

Precision Drilling Corporation, Q3 2014 Earnings Call, Oct 27, 2014

Precision Drilling Corporation, Q3 2014 Earnings Call, Oct 27, 2014

 

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PD

Industry Average

Valuation PD Industry Range
Price/Earnings 11.8x
Price/Sales 1.1x
Price/Book 1.0x
Price/Cash Flow 4.1x
TEV/Sales 0.1x
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