Head to Head Analysis: HighPeak Energy (NASDAQ:HPKEW) versus Precision Drilling (NYSE:PDS)

HighPeak Energy (NASDAQ:HPKEWGet Rating) and Precision Drilling (NYSE:PDSGet Rating) are both mining, quarrying, and oil and gas extraction companies, but which is the superior stock? We will contrast the two businesses based on the strength of their institutional ownership, valuation, analyst recommendations, dividends, earnings, risk and profitability.

Institutional & Insider Ownership

45.2% of Precision Drilling shares are held by institutional investors. 1.0% of Precision Drilling shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Analyst Ratings

This is a breakdown of current ratings and recommmendations for HighPeak Energy and Precision Drilling, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
HighPeak Energy 0 0 0 0 N/A
Precision Drilling 0 1 1 1 3.00

Precision Drilling has a consensus target price of $126.11, suggesting a potential upside of 61.35%. Given Precision Drilling’s higher probable upside, analysts plainly believe Precision Drilling is more favorable than HighPeak Energy.

Valuation and Earnings

This table compares HighPeak Energy and Precision Drilling’s top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
HighPeak Energy N/A N/A N/A N/A N/A
Precision Drilling $787.34 million 1.35 -$141.54 million ($4.06) -19.25

HighPeak Energy has higher earnings, but lower revenue than Precision Drilling.

Profitability

This table compares HighPeak Energy and Precision Drilling’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
HighPeak Energy N/A N/A N/A
Precision Drilling -4.75% -5.50% -2.42%

Summary

Precision Drilling beats HighPeak Energy on 6 of the 9 factors compared between the two stocks.

About Precision Drilling

(Get Rating)

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. As of December 31, 2021, it operated 227 land drilling rigs, including 109 in Canada; 105 in the United States; 6 in Kuwait; 4 in Saudi Arabia; 2 in the Kurdistan region of Iraq; and 1 in the country of Georgia. As of December 31, 2021, this segment also operated 47 AlphaTM rigs with commercial AlphaAutomation; 18 AlphaApps; 4 grid power capable rigs; and 60 natural gas or bi-fuel rigs. The Completion and Production Services segment provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; wellsite accommodations; oilfield surface equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. As of December 31, 2021, it operated 123 well completion and workover service rigs, including 113 in Canada and 10 in the United States; 1,900 oilfield rental items, including surface storage, small-flow wastewater treatment, power generation, and solids control equipment; 109 wellsite accommodation units; 943 drill camp beds; 822 base camp beds; and three kitchen diners in Canada. Precision Drilling Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.

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