Precision Drilling Stock Analysis
PDS Stock | USD 72.30 3.52 5.12% |
Precision Drilling is undervalued with Real Value of 86.26 and Target Price of 98.62. The main objective of Precision Drilling stock analysis is to determine its intrinsic value, which is an estimate of what Precision Drilling is worth, separate from its market price. There are two main types of Precision Drilling's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Precision Drilling's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Precision Drilling's stock to identify patterns and trends that may indicate its future price movements.
The Precision Drilling stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Precision Drilling is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Precision Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Precision Drilling's ongoing operational relationships across important fundamental and technical indicators.
Precision |
Precision Stock Analysis Notes
About 58.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.89. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Precision Drilling has Price/Earnings To Growth (PEG) ratio of 0.4. The entity recorded earning per share (EPS) of 14.29. The firm last dividend was issued on the 4th of November 2015. Precision Drilling had 1:20 split on the 12th of November 2020. 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. Precision Drilling operates under Oil Gas Drilling classification in the United States and is traded on New York Stock Exchange. It employs 3350 people. To find out more about Precision Drilling contact BSc BSc at 403 716 4500 or learn more at https://www.precisiondrilling.com.Precision Drilling Quarterly Total Revenue |
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Precision Drilling Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Precision Drilling's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Precision Drilling or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
About 58.0% of the company shares are owned by institutional investors | |
Latest headline from zacks.com: 3 Potential Opportunities in the Oil Gas Drilling Industry |
Precision Drilling Upcoming and Recent Events
Earnings reports are used by Precision Drilling to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Precision Drilling previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
6th of February 2024 Upcoming Quarterly Report | View | |
24th of April 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
6th of February 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
31st of December 2022 Last Financial Announcement | View |
Precision Largest EPS Surprises
Earnings surprises can significantly impact Precision Drilling's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
---|---|---|---|---|---|---|---|
2002-11-05 | 2002-09-30 | 0.1 | 0.11 | 0.01 | 10 | ||
2002-08-01 | 2002-06-30 | 0.04 | 0.03 | -0.01 | 25 | ||
1997-06-26 | 1997-03-31 | 0.19 | 0.21 | 0.02 | 10 |
Precision Drilling Thematic Classifications
In addition to having Precision Drilling stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Oil And GasOil And Gas drilling, production, pipelines, and equipment |
Precision Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Precision Drilling is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Precision Drilling backward and forwards among themselves. Precision Drilling's institutional investor refers to the entity that pools money to purchase Precision Drilling's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Two Sigma Investments Llc | 2023-12-31 | 154.3 K | Connor Clark & Lunn Inv Mgmt Ltd | 2023-12-31 | 147.9 K | Royal Bank Of Canada | 2023-12-31 | 147.3 K | Two Sigma Advisers, Llc | 2023-12-31 | 128.9 K | Newgen Asset Management Ltd | 2023-12-31 | 124 K | Katahdin Capital | 2023-12-31 | 110.5 K | Cibc World Markets Inc. | 2023-12-31 | 105.2 K | Td Asset Management Inc | 2023-12-31 | 94.3 K | Edgepoint Investment Group, Inc. | 2023-09-30 | 92.7 K | Ninepoint Partners Lp | 2023-12-31 | 1.4 M | Encompass Capital Advisors Llc | 2023-12-31 | 675.6 K |
Precision Market Capitalization
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 Profitablity
Precision Drilling's profitability indicators refer to fundamental financial ratios that showcase Precision Drilling's ability to generate income relative to its revenue or operating costs. If, let's say, Precision Drilling is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Precision Drilling's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Precision Drilling's profitability requires more research than a typical breakdown of Precision Drilling's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 0.12 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.12 %, which entails that for every 100 dollars of revenue, it generated $0.12 of operating income. Last Reported | Projected for Next Year | ||
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 |
Management Efficiency
Precision Drilling has Return on Asset of 0.0524 % which means that on every $100 spent on assets, it made $0.0524 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1546 %, implying that it generated $0.1546 on every 100 dollars invested. Precision Drilling's management efficiency ratios could be used to measure how well Precision Drilling manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to 0.1 in 2024, whereas Return On Capital Employed is likely to drop 0.10 in 2024. At this time, Precision Drilling's Total Assets are comparatively stable compared to the past year. Non Currrent Assets Other is likely to gain to about 11.2 M in 2024, whereas Intangible Assets are likely to drop slightly above 16.4 M in 2024.Last Reported | Projected for Next Year | ||
Book Value Per Share | 114.56 | 110.01 | |
Net Current Asset Value | 0.00 | 0.00 | |
Tangible Asset Value | 0.00 | 0.00 | |
Tangible Book Value Per Share | 113.30 | 85.64 | |
Enterprise Value Over EBITDA | 3.15 | 2.99 | |
Price Book Value Ratio | 0.63 | 0.60 | |
Enterprise Value Multiple | 3.15 | 2.99 | |
Price Fair Value | 0.63 | 0.60 | |
Enterprise Value | 1.9 B | 1.8 B |
The analysis of Precision Drilling's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Precision Drilling's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Precision Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 2.919 |
Technical Drivers
As of the 28th of April, Precision Drilling holds the Coefficient Of Variation of 810.92, semi deviation of 1.83, and Risk Adjusted Performance of 0.0843. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Precision Drilling, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to break down nineteen technical drivers for Precision Drilling, which can be compared to its competitors. Please check Precision Drilling information ratio, as well as the relationship between the potential upside and kurtosis to decide if Precision Drilling is priced some-what accurately, providing market reflects its current price of 72.3 per share. Given that Precision Drilling has jensen alpha of 0.163, we recommend you to check out Precision Drilling's recent market performance to make sure the company can sustain itself at a future point.Precision Drilling Price Movement Analysis
The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Precision Drilling middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Precision Drilling. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Precision Drilling Predictive Daily Indicators
Precision Drilling intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Precision Drilling stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Precision Drilling Corporate Filings
6K | 25th of April 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
6K | 3rd of April 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
6K | 2nd of April 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
6K | 5th of March 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
4th of March 2024 Other Reports | ViewVerify | |
6K | 26th of February 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
6K | 6th of February 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
6K | 5th of January 3100 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
Precision Drilling Forecast Models
Precision Drilling's time-series forecasting models are one of many Precision Drilling's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Precision Drilling's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Precision Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Precision Drilling prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Precision shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Precision Drilling. By using and applying Precision Stock analysis, traders can create a robust methodology for identifying Precision entry and exit points for their positions.
Last Reported | Projected for Next Year | ||
Pretax Profit Margin | 0.14 | 0.07 | |
Operating Profit Margin | 0.16 | 0.13 | |
Net Profit Margin | 0.15 | 0.10 | |
Gross Profit Margin | 0.22 | 0.30 |
Current Precision Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Precision analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Precision analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Price | Advice | # of Analysts | |
98.62 | Strong Buy | 13 | Odds |
Most Precision analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Precision stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Precision Drilling, talking to its executives and customers, or listening to Precision conference calls.
Precision Stock Analysis Indicators
Precision Drilling stock analysis indicators help investors evaluate how Precision Drilling stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Precision Drilling shares will generate the highest return on investment. By understating and applying Precision Drilling stock analysis, traders can identify Precision Drilling position entry and exit signals to maximize returns.
Begin Period Cash Flow | 21.6 M | |
Long Term Debt | 914.8 M | |
Common Stock Shares Outstanding | 15.3 M | |
Total Stockholder Equity | 1.6 B | |
Tax Provision | 54.4 M | |
Quarterly Earnings Growth Y O Y | -0.545 | |
Property Plant And Equipment Net | 2.4 B | |
Cash And Short Term Investments | 54.2 M | |
Cash | 54.2 M | |
Accounts Payable | 151.3 M | |
Net Debt | 938 M | |
50 Day M A | 66.1376 | |
Total Current Liabilities | 365.6 M | |
Other Operating Expenses | 1.6 B | |
Non Current Assets Total | 2.8 B | |
Forward Price Earnings | 11.0132 | |
Non Currrent Assets Other | 10.7 M | |
Stock Based Compensation | 6.7 M |
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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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 (0.55) | Earnings Share 14.29 | Revenue Per Share 136.766 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0524 |
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.