PDS Stock Summary and Trading Ideas (Precision Drilling | NYSE:PDS)

Precision Drilling Corpd is a provider of contract drilling and completion and production services to oil and natural gas exploration and production companies in Canada, the United States and certain international locations. Contract Drilling Services include drilling rigs, procurement and distribution of oilfield supplies, and the manufacture, sale and repair of drilling equipment. Completion and Production Services include service rigs, oilfield equipment rental, and camp and catering services.

Precision Drilling trades on the NYSE stock market under the symbol PDS.

As of January 7, 2025, PDS stock price climbed to $65.58 with 18,892 million shares trading.

PDS has a beta of 0.88, meaning it tends to be less sensitive to market movements. PDS has a correlation of 0.09 to the broad based SPY ETF.

PDS has a market cap of $922.53 million. This is considered a Small Cap stock.

Last quarter Precision Drilling reported $350 million in Revenue and $1.69 earnings per share. This fell short of revenue expectation by $-13 million and missed earnings estimates by -$.16.

In the last 3 years, PDS traded as high as $87.36 and as low as $37.23.

The top ETF exchange traded funds that PDS belongs to (by Net Assets): DISV, DFIS, DFIC, DFAX, PDN.

PDS has underperformed the market in the last year with a return of +19.6%, while the SPY ETF gained +28.4%. In the last 3 month period, PDS fell short of the market, returning +1.1%, while SPY returned +4.0%. However, in the most recent 2 weeks PDS has outperformed the stock market by returning +13.1%, while SPY returned -0.2%.

PDS support price is $61.95 and resistance is $64.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PDS shares will trade within this expected range on the day.