(PD) Precision Drilling - Ratings and Ratios

Precision Drilling Corporation is a leading provider of onshore drilling, completion, and production services to the oil and natural gas industry, operating in the United States, Canada, and internationally. The companys diversified service offerings cater to the upstream segment of the energy industry, including exploration and production companies. With a presence in key oil and gas basins, Precision Drilling Corporation is well-positioned to capitalize on the growing demand for energy services.

The companys Contract Drilling Services segment is a significant contributor to its revenue, offering a range of drilling services, including land and turnkey drilling, as well as procurement and distribution of oilfield supplies. Additionally, Precision Drilling Corporation has made significant investments in automation and digital solutions, including its AlphaAutomation and EverGreen suites, which enhance operational efficiency and reduce environmental impact.

The Completion and Production Services segment provides critical services, including well completion, workover, and abandonment, as well as equipment rentals and camp and catering services. With a large fleet of service rigs, Precision Drilling Corporation is well-equipped to support the complex needs of its customers. The companys ability to offer a comprehensive suite of services positions it for long-term success in the energy industry.

Analyzing the , we observe that the stock has been trending upwards, with the short-term moving averages (SMA20 and SMA50) indicating a positive momentum. However, the long-term SMA200 suggests that the stock is still below its long-term trend. The Average True Range (ATR) indicates moderate volatility. Considering the , the companys market capitalization and P/E ratio suggest a relatively stable and undervalued stock. With a forward P/E of 12.77, the market expects earnings growth, potentially driven by increasing demand for energy services.

Based on the analysis of and , our forecast suggests that Precision Drilling Corporations stock is poised for a potential rebound. As the energy industry continues to recover, the companys diversified service offerings and investments in automation and digital solutions are likely to drive growth. We expect the stock to potentially reach $75-$80 in the next 6-12 months, driven by improving fundamentals and a more favorable market environment.