Precision Drilling Approved for Dual Listing on NYSE Texas
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 27 2026
0mins
Source: Newsfilter
- Dual Listing Approval: Precision Drilling's common shares have been approved for dual listing on NYSE Texas, effective March 2, 2026, which will enhance its visibility and liquidity in the U.S. market.
- Maintaining Primary Listing: Despite the listing on NYSE Texas, Precision will retain its primary listing on the New York Stock Exchange, continuing to trade under the same 'PDS' ticker symbol, ensuring consistency for investors.
- Industry-Leading Technology: Precision's Alpha™ digital technology portfolio utilizes advanced automation software and analytics to deliver efficient, predictable, and repeatable results for energy customers, further solidifying its leadership position in the energy sector.
- Commitment to Environmental Responsibility: Through its EverGreen™ suite of environmental solutions, Precision emphasizes its commitment to reducing the environmental impact of its operations, enhancing its competitive edge in providing safe and environmentally responsible services.
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Analyst Views on PDS
Wall Street analysts forecast PDS stock price to rise
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 78.430
Low
71.99
Averages
83.66
High
96.46
Current: 78.430
Low
71.99
Averages
83.66
High
96.46
About PDS
Precision Drilling Corporation is a Canada-based provider of contract drilling and completion and production services primarily to oil and natural gas and geothermal exploration and production companies in Canada, the United States and certain international locations. The Company operates through two segments: Contract Drilling Services and Completion and Production Services. The Contract Drilling Services segment includes drilling rigs, procurement and distribution of oilfield supplies, and the manufacture, sale and repair of drilling equipment. The Completion and Production Services segment includes service rigs, oilfield equipment rental and camp services. Its technologies include AlphaAutomation, AlphaApps, AlphaAnalytics and EverGreen. It provides specialty oilfield rental equipment including solids control, power generation, drilling surface rental equipment, drilling fluid storage solutions, frac fluid storage solutions, accommodation, and wastewater treatment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Precision Drilling Corp. RSI Analysis Indicates Potential Buy Opportunity
- RSI Interpretation: Precision Drilling Corp.'s relative strength index (RSI) stands at 28.3, significantly lower than the energy stock average of 43.6, indicating that recent selling pressure may be nearing exhaustion, prompting investors to consider entry points.
- Market Performance Comparison: Compared to WTI Crude Oil's RSI of 22.5, Henry Hub Natural Gas's RSI of 53.5, and the 3-2-1 Crack Spread's RSI of 24.6, PDS's RSI reflects its relative weakness in the energy sector.
- Stock Price Fluctuation Analysis: PDS's 52-week low is $47.96 and high is $103.80, with the current trading price at $74.77, down approximately 2.4% from the previous trading day, indicating market caution regarding its future performance.
- Investor Strategy Recommendation: Given the current RSI level, investors may view PDS as a potential buying opportunity, especially as market sentiment shifts, which could attract more capital inflow.
See More
Precision Drilling Schedules Q2 2026 Earnings Release and Conference Call
- Earnings Release Schedule: Precision Drilling plans to release its Q2 2026 earnings after market close on July 28, 2026, demonstrating the company's commitment to transparency and investor communication.
- Conference Call Timing: The company has scheduled a conference call for July 29, 2026, at 11:00 a.m. MT, providing investors with an opportunity for direct interaction with management, which can enhance investor confidence.
- Webcast and Replay Availability: The conference call will be webcast, and a replay will be available on the company's website for 12 months, ensuring that investors who cannot participate live can still access critical information.
- Company Background: Precision Drilling is a leading provider of high-performance, high-value services to the energy industry, leveraging its AlphaTM digital technology portfolio to enhance operational efficiency, showcasing the company's competitive edge in the sector.
See More
Precision Drilling Corporation Announces 2026 Board Election Results
- Board Election Results: At the 2026 Annual Meeting, shareholders unanimously approved the election of all eight nominee directors, seven of whom are independent, indicating stability and transparency in the company's governance structure.
- High Voting Support: Most nominee directors received over 90% support, with David W. Williams achieving 99.77%, reflecting shareholder trust and confidence in the management team.
- Executive Compensation Vote Passed: Shareholders also approved a non-binding advisory vote on the company's executive compensation approach, indicating recognition of the compensation policy and enhancing trust between management and shareholders.
- Company Background: Precision Drilling Corporation is a leading provider of safe and environmentally responsible services to the energy industry, offering advanced digital technology through its Alpha™ portfolio and reducing environmental impact with its EverGreen™ solutions.
See More
Precision Drilling Corporation 2026 Annual Meeting Notice
- Annual Meeting Details: Precision Drilling Corporation will hold its virtual 2026 Annual Meeting on May 14, 2026, at 10:00 a.m. MST, allowing shareholders to participate online, listen, ask questions, and vote in real-time, thereby enhancing shareholder engagement and transparency.
- Voting Procedures: Registered shareholders and proxyholders can vote in advance via proxy, continuing the practice from previous years, which ensures shareholders' voting rights and strengthens corporate governance effectiveness.
- Information Access: Shareholders can find additional information on the company’s website, including the Management Information Circular dated April 1, 2026, ensuring they are well-informed about the meeting and company developments.
- Company Overview: Precision Drilling is a leading provider of high-performance, high-value services to the energy industry, leveraging its Alpha™ digital technology portfolio and EverGreen™ environmental solutions to enhance operational efficiency and environmental responsibility.
See More
Precision Drilling Q1 Earnings Report Analysis
- Earnings Miss: Precision Drilling reported a Q1 GAAP EPS of $1.34, missing estimates by $0.41, indicating pressure on profitability that could affect investor confidence.
- Significant Revenue Growth: The company achieved revenue of $526 million in Q1, a 6.0% year-over-year increase, beating market expectations by $154.45 million, suggesting improved market demand that may lay the groundwork for future growth.
- Cash Flow and Debt Management: Operating cash flow stood at $63 million, with $4 million spent on repurchasing 36,874 shares and a $25 million reduction in long-term debt, demonstrating efforts to optimize capital structure and enhance financial stability.
- Adjusted EBITDA Decline: Adjusted EBITDA decreased by 10% to $124 million from $137 million in the same quarter last year, primarily due to increased share-based compensation expenses rising to $19 million, reflecting challenges in cost control.
See More
Precision Drilling Reports Q1 2026 Financial Highlights
- Revenue Growth: Precision Drilling reported Q1 2026 revenue of CAD 526 million, a 6% increase from CAD 496 million in Q1 2025, driven by higher drilling activity in the U.S. and Canada, indicating strong demand in the North American market despite weaker international performance.
- Adjusted EBITDA Decline: Adjusted EBITDA decreased to CAD 124 million, down 10% from CAD 137 million in Q1 2025, primarily due to increased share-based compensation expenses of CAD 19 million, reflecting ongoing investments in talent attraction and retention.
- Net Earnings Drop: The company reported net earnings of CAD 17 million for Q1 2026, a 49% decline from CAD 35 million in 2025, mainly attributed to rising share-based compensation and depreciation expenses, highlighting challenges in cost management.
- Capital Expenditure Adjustment: Precision revised its 2026 capital budget upward to CAD 265 million from CAD 245 million, driven by anticipated increases in activity in Canada and the U.S., demonstrating the company's confidence in future growth prospects.
See More
Precision Drilling Corp. RSI Analysis Indicates Potential Buy Opportunity
- RSI Interpretation: Precision Drilling Corp.'s relative strength index (RSI) stands at 28.3, significantly lower than the energy stock average of 43.6, indicating that recent selling pressure may be nearing exhaustion, prompting investors to consider entry points.
- Market Performance Comparison: Compared to WTI Crude Oil's RSI of 22.5, Henry Hub Natural Gas's RSI of 53.5, and the 3-2-1 Crack Spread's RSI of 24.6, PDS's RSI reflects its relative weakness in the energy sector.
- Stock Price Fluctuation Analysis: PDS's 52-week low is $47.96 and high is $103.80, with the current trading price at $74.77, down approximately 2.4% from the previous trading day, indicating market caution regarding its future performance.
- Investor Strategy Recommendation: Given the current RSI level, investors may view PDS as a potential buying opportunity, especially as market sentiment shifts, which could attract more capital inflow.
See More
Precision Drilling Schedules Q2 2026 Earnings Release and Conference Call
- Earnings Release Schedule: Precision Drilling plans to release its Q2 2026 earnings after market close on July 28, 2026, demonstrating the company's commitment to transparency and investor communication.
- Conference Call Timing: The company has scheduled a conference call for July 29, 2026, at 11:00 a.m. MT, providing investors with an opportunity for direct interaction with management, which can enhance investor confidence.
- Webcast and Replay Availability: The conference call will be webcast, and a replay will be available on the company's website for 12 months, ensuring that investors who cannot participate live can still access critical information.
- Company Background: Precision Drilling is a leading provider of high-performance, high-value services to the energy industry, leveraging its AlphaTM digital technology portfolio to enhance operational efficiency, showcasing the company's competitive edge in the sector.
See More
Precision Drilling Corporation Announces 2026 Board Election Results
- Board Election Results: At the 2026 Annual Meeting, shareholders unanimously approved the election of all eight nominee directors, seven of whom are independent, indicating stability and transparency in the company's governance structure.
- High Voting Support: Most nominee directors received over 90% support, with David W. Williams achieving 99.77%, reflecting shareholder trust and confidence in the management team.
- Executive Compensation Vote Passed: Shareholders also approved a non-binding advisory vote on the company's executive compensation approach, indicating recognition of the compensation policy and enhancing trust between management and shareholders.
- Company Background: Precision Drilling Corporation is a leading provider of safe and environmentally responsible services to the energy industry, offering advanced digital technology through its Alpha™ portfolio and reducing environmental impact with its EverGreen™ solutions.
See More
Precision Drilling Corporation 2026 Annual Meeting Notice
- Annual Meeting Details: Precision Drilling Corporation will hold its virtual 2026 Annual Meeting on May 14, 2026, at 10:00 a.m. MST, allowing shareholders to participate online, listen, ask questions, and vote in real-time, thereby enhancing shareholder engagement and transparency.
- Voting Procedures: Registered shareholders and proxyholders can vote in advance via proxy, continuing the practice from previous years, which ensures shareholders' voting rights and strengthens corporate governance effectiveness.
- Information Access: Shareholders can find additional information on the company’s website, including the Management Information Circular dated April 1, 2026, ensuring they are well-informed about the meeting and company developments.
- Company Overview: Precision Drilling is a leading provider of high-performance, high-value services to the energy industry, leveraging its Alpha™ digital technology portfolio and EverGreen™ environmental solutions to enhance operational efficiency and environmental responsibility.
See More
Precision Drilling Q1 Earnings Report Analysis
- Earnings Miss: Precision Drilling reported a Q1 GAAP EPS of $1.34, missing estimates by $0.41, indicating pressure on profitability that could affect investor confidence.
- Significant Revenue Growth: The company achieved revenue of $526 million in Q1, a 6.0% year-over-year increase, beating market expectations by $154.45 million, suggesting improved market demand that may lay the groundwork for future growth.
- Cash Flow and Debt Management: Operating cash flow stood at $63 million, with $4 million spent on repurchasing 36,874 shares and a $25 million reduction in long-term debt, demonstrating efforts to optimize capital structure and enhance financial stability.
- Adjusted EBITDA Decline: Adjusted EBITDA decreased by 10% to $124 million from $137 million in the same quarter last year, primarily due to increased share-based compensation expenses rising to $19 million, reflecting challenges in cost control.
See More
Precision Drilling Reports Q1 2026 Financial Highlights
- Revenue Growth: Precision Drilling reported Q1 2026 revenue of CAD 526 million, a 6% increase from CAD 496 million in Q1 2025, driven by higher drilling activity in the U.S. and Canada, indicating strong demand in the North American market despite weaker international performance.
- Adjusted EBITDA Decline: Adjusted EBITDA decreased to CAD 124 million, down 10% from CAD 137 million in Q1 2025, primarily due to increased share-based compensation expenses of CAD 19 million, reflecting ongoing investments in talent attraction and retention.
- Net Earnings Drop: The company reported net earnings of CAD 17 million for Q1 2026, a 49% decline from CAD 35 million in 2025, mainly attributed to rising share-based compensation and depreciation expenses, highlighting challenges in cost management.
- Capital Expenditure Adjustment: Precision revised its 2026 capital budget upward to CAD 265 million from CAD 245 million, driven by anticipated increases in activity in Canada and the U.S., demonstrating the company's confidence in future growth prospects.
See More
