Precision Drilling Stock Performance
| PDS Stock | USD 68.44 2.61 3.96% |
Precision Drilling has a performance score of 6 on a scale of 0 to 100. The company holds a Beta of -0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Precision Drilling are expected to decrease at a much lower rate. During the bear market, Precision Drilling is likely to outperform the market. Precision Drilling right now holds a risk of 2.34%. Please check Precision Drilling potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Precision Drilling will be following its historical price patterns.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Precision Drilling are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak fundamental indicators, Precision Drilling may actually be approaching a critical reversion point that can send shares even higher in May 2024. ...more
Actual Historical Performance (%)
One Day Return 1.62 | Five Day Return 2.22 | Year To Date Return 31.62 | Ten Year Return (72.39) | All Time Return 574.85 |
Last Split Factor 1:20 | Dividend Date 2020-11-12 | Ex Dividend Date 2015-11-04 | Last Split Date 2020-11-12 |
1 | Precision Drilling GAAP EPS of C9.81, revenue of C507M initiates FY24 outlook | 02/06/2024 |
2 | 2 Ways to Play Europes 800 Billion Energy Crisis | 03/04/2024 |
3 | Earnings call Total Energy Precision Drilling report Q4 results | 03/11/2024 |
4 | Precision Drilling Co. Receives Consensus Rating of Buy from Analysts - MarketBeat | 03/15/2024 |
5 | The household consumption survey results raise some important question | 03/22/2024 |
6 | Food security Its efficient management is a win for India | 04/01/2024 |
7 | Precision Drilling Corporation Announces Filing of Management Information Circular, Virtual-Only Annual and Special Meeting of Shareholders, and 2023 ESG Perfor... | 04/03/2024 |
8 | Precision Drilling Co. Receives Consensus Recommendation of Buy from Analysts - Defense World | 04/09/2024 |
9 | Precision Drilling Co. Receives Average Rating of Buy from Analysts - Defense World | 04/15/2024 |
10 | Earnings Preview Precision Drilling Q1 Earnings Expected to Decline | 04/18/2024 |
| Begin Period Cash Flow | 21.6 M |
Precision |
Precision Drilling Relative Risk vs. Return Landscape
If you would invest 6,134 in Precision Drilling on January 26, 2024 and sell it today you would earn a total of 653.00 from holding Precision Drilling or generate 10.65% return on investment over 90 days. Precision Drilling is generating 0.1899% of daily returns assuming volatility of 2.3372% on return distribution over 90 days investment horizon. In other words, 20% of stocks are less volatile than Precision, and above 97% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Precision Drilling Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Precision Drilling's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Precision Drilling, and traders can use it to determine the average amount a Precision Drilling's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0813
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Estimated Market Risk
| 2.34 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Precision Drilling is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Precision Drilling by adding it to a well-diversified portfolio.
Precision Drilling Fundamentals Growth
Precision Stock prices reflect investors' perceptions of the future prospects and financial health of Precision Drilling, and Precision Drilling fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Precision Stock performance.
| Return On Equity | 0.21 | ||||
| Return On Asset | 0.0665 | ||||
| Profit Margin | 0.15 % | ||||
| Operating Margin | 0.14 % | ||||
| Current Valuation | 1.92 B | ||||
| Shares Outstanding | 14.48 M | ||||
| Price To Earning | (6.85) X | ||||
| Price To Book | 0.89 X | ||||
| Price To Sales | 0.53 X | ||||
| Revenue | 1.94 B | ||||
| Gross Profit | 492.59 M | ||||
| EBITDA | 611.12 M | ||||
| Net Income | 289.24 M | ||||
| Cash And Equivalents | 51.64 M | ||||
| Cash Per Share | 3.80 X | ||||
| Total Debt | 992.19 M | ||||
| Debt To Equity | 1.02 % | ||||
| Current Ratio | 1.39 X | ||||
| Book Value Per Share | 109.91 X | ||||
| Cash Flow From Operations | 500.57 M | ||||
| Earnings Per Share | 14.21 X | ||||
| Market Capitalization | 982.66 M | ||||
| Total Asset | 3.31 B | ||||
| Retained Earnings | (1.01 B) | ||||
| Working Capital | 145.24 M | ||||
| Current Asset | 561.95 M | ||||
| Current Liabilities | 175.5 M | ||||
About Precision Drilling Performance
To evaluate Precision Drilling Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Precision Drilling generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Precision Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Precision Drilling market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Precision's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 8.52 | 16.21 | |
| Return On Tangible Assets | 0.09 | 0.1 | |
| Return On Capital Employed | 0.10 | 0.10 | |
| Return On Assets | 0.09 | 0.08 | |
| Return On Equity | 0.18 | 0.12 |
Things to note about Precision Drilling performance evaluation
Checking the ongoing alerts about Precision Drilling for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Precision Drilling help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| About 58.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Earnings Preview Precision Drilling Q1 Earnings Expected to Decline |
- Analyzing Precision Drilling's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Precision Drilling's stock is overvalued or undervalued compared to its peers.
- Examining Precision Drilling's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Precision Drilling's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Precision Drilling's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Precision Drilling's stock. These opinions can provide insight into Precision Drilling's potential for growth and whether the stock is currently undervalued or overvalued.
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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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.
Quarterly Earnings Growth 37.164 | Earnings Share 14.21 | Revenue Per Share 140.894 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0665 |
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.