Morningstar

Morningstar, Inc.

Equity Bottom-Up

Precision Drilling posted solid first-quarter results, with a 2% revenue increase driven chiefly by seasonal improvement in the completion and production segment. The company's adjusted operating margin increased to 6.4% from 5.0%. In the company's large segment, drilling, revenue slipped 3% sequentially but adjusted operating margin rallied to 11% from 7%
The strong bottom-line improvement in drilling was a result of stronger pricing. In U.S. drilling, Precision's rig count fell 1% but gross…

United States

Precision Drilling Corporation is an integrated oilfield drilling and energy service company providing services to the oil and gas industry.  The Company provides oilfield rentals, well services, catering services, and drilling services through its several business units.

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