Last C$13.09 CAD
Change Today +0.06 / 0.46%
Volume 1.2M
PD On Other Exchanges
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As of 3:18 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

precision drilling corp (PD) Snapshot

Open
C$13.06
Previous Close
C$13.03
Day High
C$13.13
Day Low
C$12.91
52 Week High
07/4/14 - C$15.66
52 Week Low
12/5/13 - C$9.20
Market Cap
3.8B
Average Volume 10 Days
1.5M
EPS TTM
C$0.67
Shares Outstanding
292.6M
EX-Date
08/6/14
P/E TM
19.5x
Dividend
C$0.24
Dividend Yield
1.84%
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 Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Spending Guidance for the Year 2014; Declares 2014 Third Quarter Dividend, Payable on August 20, 2014

Precision Drilling Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of CAD 475.17 million compared to CAD 378.90 million a year ago. Operating earnings was CAD 23.77 million compared to CAD 15.67 million a year ago. Loss before income taxes was CAD 1.49 million compared to CAD 3.27 million a year ago. Net loss was CAD 7.17 million or CAD 0.02 per diluted share compared to CAD 473,000 or CAD 0.00 per diluted share a year ago. Cash provided by operating activities was CAD 228.41 million compared to CAD 182.35 million a year ago. Purchase of property, plant and equipment was CAD 174.85 million compared to CAD 136.24 million a year ago. Earnings before income taxes, finance charges, foreign exchange, and depreciation and amortization (adjusted EBITDA) were CAD 130 million or 47% higher than the second quarter of 2013. Funds provided by operations were CAD 97.81 million compared to CAD 33.79 million a year ago. For the six months, the company reported revenue of CAD 1,147.42 million compared to CAD 974.62 million a year ago. Operating earnings was CAD 155.34 million compared to CAD 145.96 million a year ago. Earnings before income taxes were CAD 109.27 million compared to CAD 107.76 million a year ago. Net earnings were CAD 94.38 million or CAD 0.32 per diluted share compared to CAD 93.79 million or CAD 0.33 per diluted share a year ago. Cash provided by operating activities was CAD 398.54 million compared to CAD 245.29 million a year ago. Purchase of property, plant and equipment was CAD 398.85 million compared to CAD 266.84 million a year ago. Adjusted EBITDA was CAD 366.97 million compared to CAD 303.43 million a year ago. Funds provided by operations were CAD 329.20 million compared to CAD 178.47 million a year ago. The company provided capital spending guidance for the year 2014. The 2014 capital expenditure plan includes CAD 561 million for expansion capital, CAD 199 million for sustaining and infrastructure expenditures, and CAD 174 million to upgrade existing rigs. The company expects that the CAD 934 million will be split CAD 894 million in the Contract Drilling segment and CAD 40 million in the Completion and Production Services segment. The expansion capital plan for 2014 includes 18 new-build drilling rigs delivered in 2014 including seven for Canada, eight for the U.S., and three for the Middle East. The seven rigs for Canada include six Super Triple rigs for northern gas and gas liquids drilling and one Precision Super Single for heavy oil development drilling. The U.S. new-builds consist of eight ST-1500 rigs. The board of directors of Precision Drilling Corporation has declared a dividend on its common shares of CAD 0.06 per common share, payable on August 20, 2014, to shareholders of record on August 8, 2014.

Precision Drilling Corporation Announces Strategic Technology and Service Agreement & Marketing Alliance with Schlumberger

Precision Drilling Corporation announced that to further its High Performance, High Value strategy it had entered into a strategic technology and service agreement and marketing alliance with Schlumberger. The agreement aims to increase the industrialization of unconventional drilling in North America through an engineered approach that utilizes Precision’s Tier 1 drilling rigs and allows Precision access to Schlumberger’s bottomhole assembly and services. The agreement applies to Canada and the Lower 48 states in the U.S. and includes contract drilling services, downhole drilling and measurement technology, engineering expertise and operational training. Through this agreement, Precision will continue to expand its integrated directional drilling services utilizing Schlumberger’s downhole tools and related services supported by drilling engineering and modeling, component integration, industry leading subsurface knowledge and expertise, and high-quality measurements.

Precision Drilling Corporation to Report Q2, 2014 Results on Jul 24, 2014

Precision Drilling Corporation announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 24, 2014

 

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PD

Industry Average

Valuation PD Industry Range
Price/Earnings 19.3x
Price/Sales 1.7x
Price/Book 1.5x
Price/Cash Flow 6.4x
TEV/Sales 0.6x
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