Precision Drilling earns a Strong Buy rating due to stable, resilient EBITDA near C$500 million and a market cap of C$1.01 billion. PDS's vertically integrated model and focus on high-spec rig upgrades drive lower operating expenses and sustainable reinvestment, with CapEx at 53% of EBITDA. Despite industry rig count declines, PDS increased active rigs in both Canada and the US, positioning for rising LNG and AI-driven energy demand.
PDS Biotechnology NASDAQ: PDSB reported a smaller first-quarter loss and highlighted changes to its late-stage head and neck cancer trial that management said could shorten development timelines and reduce costs.
Precision Drilling (PDS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Oilfield services have been in a bull market since Liberation Day; while things may start to look "frothy," the run-up was from extreme oversold levels. Precision Drilling is the market leader in Canada and has high exposure to the U.S. gassy basins. The company's fundamental metrics appear to have finally bottomed.
Does Precision Drilling (PDS) have what it takes to be a top stock pick for momentum investors? Let's find out.
Precision Drilling (PDS) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.11 per share. This compares to earnings of $0.76 per share a year ago.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Precision Drilling (PDS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Precision Drilling (PDS) came out with a quarterly loss of $0.37 per share versus the Zacks Consensus Estimate of $1.2. This compares to earnings of $1.69 per share a year ago.
The average of price targets set by Wall Street analysts indicates a potential upside of 32.9% in Precision Drilling (PDS). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Precision Drilling has gone precisely in the wrong direction since we first wrote on the stock. The recent quarterly results once again reinforced the view that the market is getting this wrong. We go over how we are playing it and why the odds of losing money are extremely low.