Precision Drilling Corporation

Precision Drilling Corporationverified

PDS

Price:

$73.07

Market Cap:

$1.46B

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. ...[Read more]

Industry

Oil & Gas Drilling

IPO Date

1996-11-15

Stock Exchange

NYSE

Ticker

PDS

The Current Ratio as of July 2024 (TTM) for Precision Drilling Corporation (PDS) is 1.71

According to Precision Drilling Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 1.71. This represents a change of 10.77% compared to the average of 1.55 of the last 4 quarters.

Precision Drilling Corporation (PDS) Historical Current Ratio (quarterly & annually)

How has PDS Current Ratio performed in the past?

The mean historical Current Ratio of Precision Drilling Corporation over the last ten years is 1.92. The current 1.71 Current Ratio has changed 8.83% with respect to the historical average. Over the past ten years (40 quarters), PDS's Current Ratio was at its highest in in the June 2016 quarter at 4.01. The Current Ratio was at its lowest in in the December 2022 quarter at 1.15.

Quarterly (TTM)
Annual

Average

1.92

Median

1.95

Minimum

1.15

Maximum

3.20

Precision Drilling Corporation (PDS) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Precision Drilling Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 45.78%

Maximum Annual Current Ratio = 3.20

Minimum Annual Increase = -38.82%

Minimum Annual Current Ratio = 1.15

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.4021.72%
20221.15-14.52%
20211.34-34.54%
20202.056.10%
20191.934.37%
20181.85-12.09%
20172.117.57%
20161.96-38.82%
20153.2045.78%
20142.2015.14%

Precision Drilling Corporation (PDS) Average Current Ratio

How has PDS Current Ratio performed in the past?

The current Current Ratio of Precision Drilling Corporation (PDS) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

1.30

5-year avg

1.57

10-year avg

1.92

Precision Drilling Corporation (PDS) Current Ratio vs. Peers

How is PDS’s Current Ratio compared to its peers?

Precision Drilling Corporation’s Current Ratio is less than Helmerich & Payne, Inc. (2.12), less than Nabors Industries Ltd. (1.82), greater than Diamond Offshore Drilling, Inc. (1.63), less than Seadrill Limited (2.92), greater than Patterson-UTI Energy, Inc. (1.50), greater than Noble Corporation (1.61), greater than Borr Drilling Limited (1.50), greater than Transocean Ltd. (1.35),

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