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 (2020 sales of $692.75 million of which 100% was Contract drilling services), Archer Limited of BERMUDA (824.00 million Bermudian Dollars [US$824.00 million] ), and Ensign Energy Services Incorporated (936.82 million Canadian Dollars [US$761.02 million] of which 62% was Rig rental revenue).

Sales Analysis. 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 C$236.47 million. 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) for the year ending December of 2020. This represents a sharp 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) .