Precision Drilling (PRE1) Stock Price & Analysis
PRE1 Stock Chart & Stats
- Day’s Range
- EUR 96.00 - EUR 96.00
- 52-Week Range
- EUR 48.20 - EUR 96.00
- Previous Close
- EUR 94.00
- Volume
- N/A
- Average Volume (3M)
- 0
- Market Cap
- EUR 1.19B
- Enterprise Value
- EUR 2.14B
- Total Cash (Recent Filing)
- EUR 23.18M
- Total Debt (Recent Filing)
- EUR 699.64M
- Price to Earnings (P/E)
- ―
- Beta
- -0.41
- Next Earnings
- Feb 11, 2027 (Est.)
- EPS Estimate
- 1.69
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Cash Generation
Strong operating cash flow and positive free cash flow support ongoing debt reduction, fleet investment, and shareholder returns. Cash conversion exceeding reported net income also indicates that the business is generating tangible liquidity from operations rather than relying primarily on accounting earnings.
Improved Balance Sheet
Meaningful deleveraging has strengthened financial resilience and reduced the burden of interest and refinancing obligations. A healthier capital structure gives Precision greater flexibility to fund high-return fleet upgrades, manage drilling-cycle volatility, and pursue debt reduction while retaining substantial liquidity.
Contract Coverage And Activity
Expanding contracted coverage improves visibility into fleet utilization and revenue, reducing dependence on spot-market demand. The combination of more Canadian contracts and movement toward longer U.S. terms can support steadier cash generation and strengthen customer relationships over the next several quarters.
Bears Say
Weak Bottom-line Profitability
Near-break-even net profitability shows that solid operating earnings are not currently translating into positive returns for shareholders. Continued margin compression or costs below EBITDA could limit internally funded growth, weaken capital-return capacity, and leave earnings vulnerable to normal drilling-cycle volatility.
Declining Free Cash Flow
A sustained reduction in free cash flow would constrain the resources available for debt repayment, fleet upgrades, and repurchases. It also suggests that higher capital spending, working-capital needs, or normalization from peak-cycle cash generation may be absorbing more operating cash than in prior periods.
International Margin Pressure
Lower international pricing combined with higher operating costs directly pressures rig-level margins and reduces the contribution from the international portfolio. Persistent regional uncertainty could keep utilization and profitability below North American levels, making consolidated earnings more dependent on Canadian and U.S. activity.
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Precision Drilling Stock Smart Score
Company Description
Precision Drilling
Precision Drilling Corporation, a Calgary, Canada-based enterprise, provides a full suite of onshore drilling, completion, and production services. The company supports exploration and production firms in the oil and natural gas, as well as geothermal sectors, operating extensively across North America and the Middle East. Its operations are segmented into two core divisions: Contract Drilling Services and Completion and Production Services. The Contract Drilling Services division focuses on onshore well drilling for oil and natural gas exploration and production entities. This encompasses land and turnkey drilling solutions, the sourcing and distribution of oilfield equipment, and the manufacture and repair of drilling and service rig apparatus. As of December 31, 2021, this segment managed a fleet of 227 land drilling rigs, comprising 109 in Canada, 105 in the United States, 6 in Kuwait, 4 in Saudi Arabia, 2 in the Kurdistan region of Iraq, and 1 in Georgia. This advanced fleet included 47 AlphaTM rigs featuring commercial AlphaAutomation, 18 AlphaApps, 4 grid power-capable rigs, and 60 natural gas or bi-fuel powered rigs. The Completion and Production Services segment delivers crucial support for well completion, workover, abandonment, maintenance, and re-entry preparation through its service rigs. This division also supplies wellsite accommodations, offers a range of oilfield surface equipment for lease, and provides camp and catering services to oil and natural gas exploration and production companies. By December 31, 2021, its assets featured 123 well completion and workover service rigs (113 in Canada and 10 in the United States), in addition to 1,900 oilfield rental items including surface storage, small-flow wastewater treatment, power generation, and solids control equipment. Within Canada, this segment also maintained 109 wellsite accommodation units, 943 drill camp beds, 822 base camp beds, and three kitchen diners. Precision Drilling Corporation was founded in 1951.
- Sector
- Energy
- Industry
- Oil & Gas Drilling
- CEO
- Carey Thomas Ford
- Employees
- 5,245
- Website
- www.precisiondrilling.com
- Address
- 525–8th Avenue SW, Calgary, AB, T2P 1G1, CA
Precision Drilling (PRE1) Earnings & Revenues
PRE1 Earnings Call
Earnings Call SentimentPositive
The call was predominantly positive. Precision reported 15% revenue growth, a return to net profitability, higher adjusted EBITDA, strong North American activity, expanding contract coverage, continued capital returns and improving U.S. margin and activity prospects. These positives outweighed lower international day rates and margins, Middle East operating-cost pressures, lower cash from operations, inflation and labor challenges, Canadian market headwinds, and the unresolved CRA dispute.
View all DE:PRE1 earnings summariesPRE1 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 15 | 1 | 5 |
| Technical Analysis | 3 | 1 | 5 |
| Moving Averages | 12 | 0 | 0 |
