Precision Drilling Corporation operates in the Drilling oil and gas wells sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Precision Drilling with three other
Oil and Gas Field Services in North America:
Diamond Offshore Drilling, Inc.
of UNITED STATES
sales of $692.75 million
of which 100%
was Contract drilling services),
(824.00 million Bermudian Dollars [US$824.00 million]
Ensign Energy Services Incorporated
(936.82 million Canadian Dollars [US$761.02 million]
of which 62%
was Rig rental revenue).
Sales levels dropped significantly in the first
quarter of 2021 versus the previous year's first quarter.
During the first
quarter of 2021, sales at Precision Drilling totalled
This is a drop of 37.7%
from the C$379.48 million in sales at the company during the first quarter in 2020.
During the previous 7 quarters, sales at Precision Drilling have fallen vis-à-vis the same quarter in the previous year.
There appears to be at least some degree of seasonality in the sales at Precision Drilling: during 8 of the previous 9
years, sales were highest during the first quarter.
The exception to this was during 2018, when the
fourth quarter was the best quarter, accounting for
28% of sales (during that same year, the
first quarter accounted for 26% of sales).
Precision Drilling reported sales of C$935.75 million (US$760.16 million)
December of 2020.
decrease of 39.3%
versus 2019, when the company's sales were C$1.54 billion.
Contributing to the drop in overall sales was the 47.7% decline
in Completion and Production Services, from C$147.83 million to C$77.25 million.
There were also decreases in sales in
Contract Drilling Services (down 38.4% to C$861.20 million)