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Precision Drilling Corporation Company Snapshot
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$738.23 million] of which 62% was Rig rental revenue).

Sales Analysis. During the second quarter of 2021, sales at Precision Drilling totalled C$201.36 million. This is an increase of 6.1% from the C$189.76 million in sales at the company during the second quarter of 2020. During the first two quarters of 2021, sales totalled C$437.83 million, which is 23.1% lower than through the first two quarters of 2020. 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$737.39 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) .
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Precision Drilling Corporation
  Stock Performance Chart for Precision Drilling Corporation
  Stock Data: Recent Stock Performance:
  Current Price (9/17/2021): 43.47
(Figures in Canadian Dollars)
1 Week 3.2%   13 Weeks 14.5%  
4 Weeks -5.5%   52 Weeks 147.0%  
Precision Drilling Corporation Key Data:
  Ticker: PD Country: Canada
  Exchanges: NYSE TOR Major Industry: Energy
    Sub Industry: Drilling Oil & Gas Wells
  2020 Sales 935,753,000
(Year Ending Jan 2021).
Employees: 3,500
  Currency: Canadian Dollars Market Cap: 578,343,355
  Fiscal Yr Ends: December Shares Outstanding: 13,304,425
  Share Type: Common Closely Held Shares: 98,463
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