Precision Drilling Stock Today
| PDS Stock | USD 72.38 1.26 1.77% |
Performance9 of 100
| Odds Of DistressLess than 9
|
Precision Drilling is selling for under 72.38 as of the 7th of May 2024; that is 1.77 percent increase since the beginning of the trading day. The stock's lowest day price was 71.78. Precision Drilling has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Precision Drilling are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of November 2023 and ending today, the 7th of May 2024. Click here to learn more.
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. Precision Drilling Corporation was incorporated in 1951 and is headquartered in Calgary, Canada. The company has 14.48 M outstanding shares of which 395.16 K shares are at this time shorted by investors with about 5.7 days to cover. More on Precision Drilling
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Moving against Precision Stock
| 0.47 | BORR | Borr Drilling | PairCorr |
Follow Valuation Odds of Bankruptcy
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Precision Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Precision Drilling's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Precision Drilling or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Kevin Neveu |
| Thematic Idea | Oil And Gas (View all Themes) |
| Business Concentration | Petroleum and Natural Gas, Oil & Gas Drilling, Energy, NYSE Composite, Oil And Gas, Energy, Energy Equipment & Services, Oil & Gas Drilling, Energy (View all Sectors) |
Precision Drilling (PDS) is traded on New York Stock Exchange in USA. It is located in 525?8th Avenue SW, Calgary, AB, Canada, T2P 1G1 and employs 5,000 people. Precision Drilling is listed under Petroleum and Natural Gas category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 1.05 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Precision Drilling's market, we take the total number of its shares issued and multiply it by Precision Drilling's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Precision Drilling runs under Energy Equipment & Services sector within Energy industry. The entity has 14.48 M outstanding shares of which 395.16 K shares are at this time shorted by investors with about 5.7 days to cover.
Precision Drilling has about 51.64 M in cash with 500.57 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.8.
Check Precision Drilling Probability Of Bankruptcy
Ownership AllocationPrecision Drilling has a total of 14.48 Million outstanding shares. Over half of Precision Drilling's outstanding shares are owned by third-party entities. These third-party entities are typically referred to as corporate investors that secure positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Precision Drilling. Please watch out for any change in the institutional holdings of Precision Drilling as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Precision Ownership Details
Precision Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Precision Drilling jumping above the current price in 90 days from now is about 11.06%. The Precision Drilling probability density function shows the probability of Precision Drilling stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Precision Drilling has a beta of 0.2172 indicating as returns on the market go up, Precision Drilling average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Precision Drilling will be expected to be much smaller as well. Additionally, precision Drilling has an alpha of 0.2569, implying that it can generate a 0.26 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Precision Drilling to move above the current price in 90 days from now is about 11.06 (This Precision Drilling probability density function shows the probability of Precision Stock to fall within a particular range of prices over 90 days) .
Precision Drilling Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Precision Drilling market risk premium is the additional return an investor will receive from holding Precision Drilling long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Precision Drilling. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Precision Drilling's alpha and beta are two of the key measurements used to evaluate Precision Drilling's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0831 | |||
| Jensen Alpha | 0.2569 | |||
| Total Risk Alpha | 0.029 | |||
| Sortino Ratio | 0.0925 |
Precision Stock Against Markets
Picking the right benchmark for Precision Drilling stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Precision Drilling stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Precision Drilling is critical whether you are bullish or bearish towards Precision Drilling at a given time. Please also check how Precision Drilling's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Precision Drilling without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
Precision Drilling Corporate Directors
Precision Drilling corporate directors refer to members of a Precision Drilling board of directors. The board of directors generally takes responsibility for the Precision Drilling's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Precision Drilling's board members must vote for the resolution. The Precision Drilling board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Susan MacKenzie | Independent Director | Profile | |
| Kevin Meyers | Independent Director | Profile | |
| David Williams | Independent Director | Profile | |
| William Donovan | Independent Director | Profile |
How to buy Precision Stock?
Before investing in Precision Drilling, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Precision Drilling. To buy Precision Drilling stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Precision Drilling. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Precision Drilling stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Precision Drilling stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Precision Drilling stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Precision Drilling, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Precision Stock please use our How to Invest in Precision Drilling guide.
Already Invested in Precision Drilling?
The danger of trading Precision Drilling is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Precision Drilling is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Precision Drilling. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Precision Drilling is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Precision Drilling is a strong investment it is important to analyze Precision Drilling's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Precision Drilling's future performance. For an informed investment choice regarding Precision Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precision Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy Precision Stock please use our How to Invest in Precision Drilling guide.Note that the Precision Drilling information on this page should be used as a complementary analysis to other Precision Drilling's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Precision Stock analysis
When running Precision Drilling's price analysis, check to measure Precision Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Precision Drilling is operating at the current time. Most of Precision Drilling's value examination focuses on studying past and present price action to predict the probability of Precision Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Precision Drilling's price. Additionally, you may evaluate how the addition of Precision Drilling to your portfolios can decrease your overall portfolio volatility.
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Is Precision Drilling's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Precision Drilling. If investors know Precision will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Precision Drilling listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Precision Drilling is measured differently than its book value, which is the value of Precision that is recorded on the company's balance sheet. Investors also form their own opinion of Precision Drilling's value that differs from its market value or its book value, called intrinsic value, which is Precision Drilling's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Precision Drilling's market value can be influenced by many factors that don't directly affect Precision Drilling's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Precision Drilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precision Drilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precision Drilling's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.