PRECISION DRILLING CORPORATION chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 103.96
Dividend & YieldN/AC$ (N/A)
Beta N/A
Market capitalization 1.33B
Operating cash flow 137.74M
ESG Scores unknown

Company description

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates in two segments, Contract Drilling Services; and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry. This segment's services include land and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture and refurbishment of drilling and service rig equipment. As of December 31, 2021, it operated 227 land drilling rigs, including 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 the country of Georgia. As of December 31, 2021, this segment also operated 47 AlphaTM rigs with commercial AlphaAutomation; 18 AlphaApps; 4 grid power capable rigs; and 60 natural gas or bi-fuel rigs. The Completion and Production Services segment provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; wellsite accommodations; oilfield surface equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. As of December 31, 2021, it operated 123 well completion and workover service rigs, including 113 in Canada and 10 in the United States; 1,900 oilfield rental items, including surface storage, small-flow wastewater treatment, power generation, and solids control equipment; 109 wellsite accommodation units; 943 drill camp beds; 822 base camp beds; and three kitchen diners in Canada. Precision Drilling Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.

Sector: Energy - Industry: Oil & Gas Drilling

Financial Ratios
Quick Ratio1.24
Working Capital-2.17
Return On Equity-0.14
Debt To Equity0.9
Fixed Asset Ratio0.01
Fixed Interest Cover-1.24

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities
Total Cashflows From Investing Activities -100.79M -74.5M -40.52M -56.61M
Net Borrowings -168.72M -205.21M -133.26M -135.26M
Total Cash From Financing Activities -169.09M -231.81M -145.62M -149.91M
Change To Operating Activities -17.88M -4.49M 55.39M -13.02M
Issuance Of Stock 275k
Net Income -294.27M 6.62M -120.14M -177.39M
Change In Cash 31.55M -21.93M 34.07M -68.18M
Effect Of Exchange Rate 8.09M -3.77M -5.91M -883k
Total Cash From Operating Activities 293.33M 288.16M 226.12M 139.22M
Depreciation 373.57M 329.19M 312.35M 278.61M
Change To Account Receivables
Other Cashflows From Financing Activities -638k -702k -1.04M -10.36M
Change To Netincome 222.01M -53.47M -31.66M 37.43M
Capital Expenditures -114.58M -159.89M -61.53M -75.94M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax -323.6M -8.34M -109.18M -182.78M
Net Income -294.27M 6.62M -120.14M -177.39M
Selling General Administrative 111.83M 104.01M 70.87M 98.93M
Gross Profit 473.93M 502.35M 352.33M 267.7M
Ebit -14.95M 44.46M -34.86M -113.55M
Operating Income -14.95M 44.46M -34.86M -113.55M
Interest Expense -128.62M -120.03M -108.21M -91.64M
Income Tax Expense -29.33M -14.96M 10.95M -5.4M
Total Revenue 1.54B 1.54B 935.75M 986.85M
Cost Of Revenue 1.07B 1.04B 583.42M 719.14M
Total Other Income ExpenseNet -308.65M -52.8M -74.33M -69.23M
Net Income From Continuing Ops -294.27M 6.62M -120.14M -177.39M
Net Income Applicable To Common Shares -294.27M 6.62M -120.14M -177.39M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 2.08B 1.74B 1.49B 1.44B
Total Stockholder Equity 1.56B 1.53B 1.41B 1.23B
Other Current Liabilities 7.67M 4.14M 3.7M 839k
Total Assets 3.64B 3.27B 2.9B 2.66B
Common Stock 2.32B 2.3B 2.29B 2.28B
Other Current Assets 19.66M
Retained Earnings -978.87M -969.46M -1.09B -1.27B
Treasury Stock 162.01M 134.25M 137.58M 134.78M
Cash 96.63M 74.7M 108.77M 40.59M
Total Current Liabilities 282.16M 216.07M 166.84M 238.12M
Other Stockholder Equity 162.01M 134.25M 137.58M 134.78M
Property, Plant, and Equipment 3.04B 2.82B 2.53B 2.31B
Total Current Assets 522.7M 417.76M 342.26M 319.76M
Net Tangible Assets 1.52B 1.5B 1.38B 1.2B
Net Receivables 312.01M 245.11M 130.7M 179.63M
Accounts Payable 129.49M 91.47M 56.92M 90.75M


Insider Transactions

Here are the insider transactions of stock shares related to PRECISION DRILLING CORPORATION:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Foley (Veronica H)D2022-09-30Senior Officer of Issuer55
Ford, Carey ThomasD2022-09-30Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)197
Goraya (Shuja)D2022-09-30Senior Officer of Issuer55
Precision Drilling CorporationRedemption, retraction, cancelation, repurchase at price 50.21 per share.D2022-09-26Issuer456
Precision Drilling CorporationRedemption, retraction, cancelation, repurchase at price 46.82 per share.D2022-09-23Issuer43k
Precision Drilling CorporationRedemption, retraction, cancelation, repurchase at price 57.94 per share.D2022-09-08Issuer11.34k
Precision Drilling CorporationRedemption, retraction, cancelation, repurchase at price 58.67 per share.D2022-09-07Issuer14.8k
Ford, Carey ThomasD2022-06-30Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)140
Ruhr (Darren)Acquisition or disposition in the public market at price 85.19 per share.D2022-06-07Senior Officer of Issuer1.18k
Ruhr (Darren)Exercise of options at price 80.59 per share.D2022-06-01Senior Officer of Issuer5.29k
Ruhr (Darren)Acquisition or disposition under a purchase/ownership plan at price 80.59 per share.D2022-06-01Senior Officer of Issuer5.29k
Stahl (Gene Cameron)Exercise of options at price 82.50 per share.D2022-06-01Senior Officer of Issuer5k
Stahl (Gene Cameron)Acquisition or disposition under a purchase/ownership plan at price 82.50 per share.D2022-06-01Senior Officer of Issuer5k
Ruhr (Darren)Exercise of options at price 82.37 per share.D2022-05-31Senior Officer of Issuer300
Ruhr (Darren)Acquisition or disposition under a purchase/ownership plan at price 82.37 per share.D2022-05-31Senior Officer of Issuer300
Ford, Carey ThomasExercise of options at price 80.05 per share.D2022-05-31Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)4.39k
Ford, Carey ThomasAcquisition or disposition under a purchase/ownership plan at price 80.05 per share.D2022-05-31Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)4.39k
Foley (Veronica H)Exercise of options at price 77.56 per share.D2022-05-24Senior Officer of Issuer1.28k
Foley (Veronica H)Acquisition or disposition under a purchase/ownership plan at price 77.56 per share.D2022-05-24Senior Officer of Issuer1.28k
Stahl (Gene Cameron)Exercise of options at price 78.05 per share.D2022-05-24Senior Officer of Issuer5.24k
Stahl (Gene Cameron)Acquisition or disposition under a purchase/ownership plan at price 78.05 per share.D2022-05-24Senior Officer of Issuer5.24k
Precision Drilling CorporationD2022-05-13Issuer54.4k
Precision Drilling CorporationRedemption, retraction, cancelation, repurchase at price 61.55 per share.D2022-05-10Issuer10.2k
Precision Drilling CorporationRedemption, retraction, cancelation, repurchase at price 61.16 per share.D2022-05-09Issuer15k
Precision Drilling CorporationRedemption, retraction, cancelation, repurchase at price 65.09 per share.D2022-05-06Issuer5k
Precision Drilling CorporationD2022-05-06Issuer6.4k
Precision Drilling CorporationRedemption, retraction, cancelation, repurchase at price 65.68 per share.D2022-05-05Issuer24.2k
Precision Drilling CorporationRedemption, retraction, cancelation, repurchase at price 66.73 per share.D2022-05-04Issuer1.5k
Precision Drilling CorporationRedemption, retraction, cancelation, repurchase at price 63.92 per share.D2022-05-03Issuer4.9k
Ford, Carey ThomasD2022-03-31Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)181
Ford, Carey ThomasExercise of options at price 66.90 per share.D2022-03-11Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)4.19k
Ford, Carey ThomasAcquisition or disposition under a purchase/ownership plan at price 66.90 per share.D2022-03-11Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)4.19k
Neveu (Kevin A.)Exercise of options at price 67.07 per share.D2022-03-10Director of Issuer13.41k
Neveu (Kevin A.)Acquisition or disposition under a purchase/ownership plan at price 67.07 per share.D2022-03-10Director of Issuer13.41k
Gibson (Brian James)Acquisition or disposition in the public market at price 67.03 per share.D2022-03-09Director of Issuer4.47k
Stahl (Gene Cameron)Exercise of options at price 64.00 per share.D2022-03-08Senior Officer of Issuer3.77k
Stahl (Gene Cameron)Acquisition or disposition under a purchase/ownership plan at price 64.00 per share.D2022-03-08Senior Officer of Issuer3.77k
Gibson (Brian James)Acquisition or disposition in the public market at price 57.63 per share.D2022-03-01Director of Issuer1.6k
Gibson (Brian James)Acquisition or disposition in the public market at price 57.58 per share.I2022-03-01Director of Issuer2.92k
Foley (Veronica H)Acquisition or disposition in the public market at price 52.07 per share.D2022-02-25Senior Officer of Issuer4.98k
Ford, Carey ThomasAcquisition or disposition in the public market at price 52.07 per share.D2022-02-25Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)7.11k
Goraya (Shuja)Acquisition or disposition in the public market at price 52.07 per share.D2022-02-25Senior Officer of Issuer4.62k
Hunter (Grant Macleod)Acquisition or disposition in the public market at price 52.07 per share.D2022-02-25Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)3.49k
Neveu (Kevin A.)Acquisition or disposition in the public market at price 52.07 per share.D2022-02-25Director of Issuer22.76k
Ruhr (Darren)Acquisition or disposition in the public market at price 52.07 per share.D2022-02-25Senior Officer of Issuer359
Stahl (Gene Cameron)Acquisition or disposition in the public market at price 52.07 per share.D2022-02-25Senior Officer of Issuer6.4k
Ruhr (Darren)Acquisition or disposition in the public market at price 51.09 per share.D2022-02-24Senior Officer of Issuer799
Stahl (Gene Cameron)Acquisition or disposition in the public market at price 51.09 per share.D2022-02-24Senior Officer of Issuer4.38k
Foley (Veronica H)Acquisition or disposition in the public market at price 51.09 per share.D2022-02-24Senior Officer of Issuer3.41k
Ford, Carey ThomasAcquisition or disposition in the public market at price 51.09 per share.D2022-02-24Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)4.87k
Goraya (Shuja)Acquisition or disposition in the public market at price 51.09 per share.D2022-02-24Senior Officer of Issuer3.16k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to PRECISION DRILLING CORPORATION. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on PRECISION DRILLING CORPORATION

Here is the result of two systematic investment strategies applied to PRECISION DRILLING CORPORATION. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on PRECISION DRILLING CORPORATION

The following chart shows the equity curve of the two systematic investment strategies applied to PRECISION DRILLING CORPORATION:

PRECISION DRILLING CORPORATION automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 198.88% on the backtest period.

Performance at glance

Performance

198.88 %

Latent gain

3085.77 C$

Invested capital

1551.59 C$

Annualized return

48.04 %
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Momentum strategy results on PRECISION DRILLING CORPORATION

This is the result of two momentum investment strategies applied to PRECISION DRILLING CORPORATION. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on PRECISION DRILLING CORPORATION

The following chart shows all the entries opened by the momentum investment system on PRECISION DRILLING CORPORATION:

PRECISION DRILLING CORPORATION momentum entries
  • The first momentum investment strategy would give 234.25% of return on PRECISION DRILLING CORPORATION. That represents 12867.15C$ of latent gain with 5493.01C$ of employed capital.
  • The second momentum investment strategy would give 224.61% of return on PRECISION DRILLING CORPORATION. That represents 7858.25C$ of latent gain with 3498.55C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

234.25 %

Latent gain

12867.15 C$

Invested capital

5493.01 C$

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

224.61 %

Latent gain

7858.25 C$

Invested capital

3498.55 C$

Annualized return

61.37 %

Momentum equity curve on PRECISION DRILLING CORPORATION

The following chart shows the equity curve of the two momentum strategies applied to PRECISION DRILLING CORPORATION:

PRECISION DRILLING CORPORATION momentum equity

Note: the dividends potentially given by PRECISION DRILLING CORPORATION are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on PRECISION DRILLING CORPORATION

The following chart shows the employed capital evolution of the two momentum strategies on PRECISION DRILLING CORPORATION since the beginning:

PRECISION DRILLING CORPORATION

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on PRECISION DRILLING CORPORATION

Buy the dip entry openings on PRECISION DRILLING CORPORATION

PRECISION DRILLING CORPORATION

The performance achieved by the robo-advisor on PRECISION DRILLING CORPORATION is 0%. That represents 0.0$ of latent gain with 0.0C$ of employed capital. The following chart shows PRECISION DRILLING CORPORATION stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of PRECISION DRILLING CORPORATION, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 C$

Invested capital

0.0 C$

Annualized return

0.0 %

Equity curve of the strategy applied to PRECISION DRILLING CORPORATION

The following chart shows the result of the investment strategy applied to PRECISION DRILLING CORPORATION:

PRECISION DRILLING CORPORATION

Note: the dividends potentially given by PRECISION DRILLING CORPORATION are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on PRECISION DRILLING CORPORATION

The following chart shows the employed capital evolution since the beginning of the investment strategy on PRECISION DRILLING CORPORATION:

PRECISION DRILLING CORPORATION

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on PRECISION DRILLING CORPORATION

In this section, I will compare the three previous investment strategies applied to PRECISION DRILLING CORPORATION.

Equity curve comparison on PRECISION DRILLING CORPORATION

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

PRECISION DRILLING CORPORATION investment strategy comparison

Employed capital comparison on PRECISION DRILLING CORPORATION

PRECISION DRILLING CORPORATION investment comparison

Performance comparison on PRECISION DRILLING CORPORATION

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 198.88% 3085.77C$ 1551.59C$ 48.04%
Momentum 1 quarter 234.25% 12867.15C$ 5493.01C$ 60.06%
Momentum 2 quarters 224.61% 7858.25C$ 3498.55C$ 61.37%
Non-directional 0% 0.0C$ 0.0C$ 0.0%
Annualized return comparison

Automatic investment

48.04 %

Momentum 1Q

61.37 %

Momentum 2Q

61.37 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with PRECISION DRILLING CORPORATION:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months


Note: The algorithm computes the probability of correlation between PRECISION DRILLING CORPORATION and the other stocks. There may be false positives or some missing correlated stocks. If the price of PRECISION DRILLING CORPORATION does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name PRECISION DRILLING CORPORATION
Country Canada
City Calgary
Address 525–8th Avenue SW
Phone
Website www.precisiondrilling.com
FullTime employees 3350
Industry Oil & Gas Drilling
Sector Energy
Exchange XTSE
Ticker PD.XTSE
Market

PRECISION DRILLING CORPORATION ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown