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
Growing Contracted Activity
Expansion in contracted rigs and higher North American activity support better fleet utilization and revenue visibility. Longer customer relationships can reduce reliance on spot work, improve planning for crews and equipment, and strengthen earnings durability across the next several quarters.
Improving Balance Sheet
Meaningful debt reduction improves financial resilience and lowers the burden on future cash flow. A stronger capital structure gives Precision more flexibility to fund fleet upgrades, manage drilling-cycle volatility, and pursue shareholder returns without relying as heavily on additional borrowing.
Technology And Service Diversification
Growth in technology, rentals, and complementary well services broadens Precision beyond traditional rig dayrates. These offerings can deepen customer relationships, support higher-efficiency drilling, and provide additional earnings and cash-flow sources when activity or pricing in one service line softens.
Bears Say
Weak Bottom-line Profitability
The recent swing to a small net loss shows that solid operating earnings are not fully translating into bottom-line profitability. Continued margin compression or below-operating-line costs could limit internally funded investment and make reported earnings more volatile through the cycle.
International Margin Pressure
Lower international pricing combined with higher operating costs reduces the contribution from an existing part of the fleet. Although North America is stronger, persistent international margin pressure can weigh on consolidated profitability and make returns more dependent on regional activity and pricing.
Inflation And Labor-cost Pressure
Labor, equipment, and fuel costs can erode drilling margins even when utilization remains healthy. The need for wage increases and ongoing cost management may limit operating leverage, particularly in Canadian well servicing and international drilling where management identified greater inflation exposure.
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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 |
