Precision Stock Analysis

PDS -  USA Stock  

USD 40.60  0.57  1.38%

The small fall in market price for the last few months may encourage retail investors to take a closer look at the company as it is trading at a share price of 40.60 on 101,543 in trading volume. The company directors and management did not add much value to Precision Drilling investors in December. However, diversifying your holdings with Precision Drilling Corp or similar stocks can still protect your portfolio during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 3.48. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Precision Drilling partners.
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Precision Stock Analysis 

 
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The Precision Drilling stock analysis report makes it easy to digest most publicly released information about Precision Drilling and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Precision Stock analysis module also helps to analyze the Precision Drilling price relationship with some important fundamental indicators such as market cap and management efficiency.

Precision Stock Analysis Notes

About 55.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.43. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Precision Drilling Corp has Price/Earnings To Growth (PEG) ratio of 0.18. The entity recorded a loss per share of 10.97. The firm next dividend is scheduled to be issued on the 4th of November 2015. Precision Drilling had 1-20 split on the 12th of November 2020. Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related products and services 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 3500 people. To find out more about Precision Drilling Corp contact Kevin Neveu at 403 716 4500 or learn more at https://www.precisiondrilling.com.

Precision Drilling Corp 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 Corp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Precision Drilling generated a negative expected return over the last 90 days
Precision Drilling has high historical volatility and very poor performance
Precision Drilling has high likelihood to experience some financial distress in the next 2 years
The company reported the last year's revenue of 893.33 M. Reported Net Loss for the year was (187.57 M) with profit before taxes, overhead, and interest of 331.33 M.
About 55.0% of the company shares are owned by institutional investors

Precision Drilling Corp 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.
Upcoming Quarterly Report23rd of July 2020
Next Earnings Report22nd of October 2020
Next Fiscal Quarter End30th of June 2020
Next Fiscal Year End11th of February 2021
Last Quarter Report31st of March 2020
Last Earning Announcement30th of June 2019

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
2014-07-24
2014-06-30-0.01-0.02-0.01100 
2002-11-05
2002-09-300.10.110.0110 
2002-08-01
2002-06-300.040.03-0.0125 
View All Earnings Estimates

Precision Market Capitalization

The company currently falls under 'Small-Cap' category with total capitalization of 540.16 M. 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 these 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 (21.0) %, which means that it does not effectively control expenditures or properly executes on its pricing strategies. This is way below average. In the same way, it shows Net Operating Margin of (15.19) %, which entails that for every $100 of revenue, it lost -0.15.

Management Efficiency

The entity has Return on Asset of (2.93) % which means that on every $100 spent on asset, it lost $2.93. This is way below average. In the same way, it shows return on shareholders equity (ROE) of (13.81) %, meaning that it generated no profit with money invested by stockholders. Precision Drilling management efficiency ratios could be used to measure how well precision drilling corp manages its routine affairs as well as how well it operates its assets and liabilities.

Technical Drivers

As of the 26th of January, Precision Drilling holds the coefficient of variation of (3,819), and Risk Adjusted Performance of (0.014085). 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 Corp, which can be compared to its competitors. Please check Precision Drilling Corp information ratio, as well as the relationship between the potential upside and kurtosis to decide if Precision Drilling Corp is priced some-what accurately, providing market reflects its current price of 40.6 per share. Given that Precision Drilling has jensen alpha of 0.035, we recommend you to check out Precision Drilling Corp's recent market performance to make sure the company can sustain itself at a future point.

Precision Drilling Corp Price Movement Analysis

The output start index for this execution was one with a total number of output elements of sixty. The Simple Moving Average indicator is calculated by adding the closing price of Precision Drilling for a given number of time periods and then dividing this total by the number of time periods. It is used to smooth out Precision Drilling Corp short-term fluctuations and highlight longer-term trends or cycles. View also all equity analysis or get more info about simple moving average overlap studies indicator.

Precision Drilling Technical and Predictive Indicators

Precision Drilling Forecast Models

Precision Drilling time-series forecasting models is one of many Precision Drilling's stock analysis techniquest aimed to predict 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 stock 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 stock is reacting to, or reflecting on a current stock 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.
Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related products and services 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 3500 people.

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 PriceAdvice# of Analysts
1.43Hold11Odds
Precision Drilling Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
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 Corp, talking to its executives and customers, or listening to Precision conference calls.
Precision Analyst Advice Details

Precision Stock Analysis Indicators

Precision Drilling Corp 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.
Quick Ratio1.45
Trailing Annual Dividend Rate0.05
Fifty Two Week Low19.22
Revenue Growth54.00%
Shares Short Prior Month179.61k
Average Daily Volume Last 10 Day67.66k
Average Daily Volume In Three Month48.69k
Shares Percent Shares Out1.54%
Gross Margins28.19%
Forward Price Earnings-17.73
Float Shares12.22M
Fifty Two Week High50.42
Enterprise Value To Ebitda11.95
Fifty Day Average36.40
Two Hundred Day Average35.60
Enterprise Value To Revenue1.86
Trailing Annual Dividend Yield0.12%
Please check Your Equity Center. Note that the Precision Drilling Corp 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for Precision Stock analysis

When running Precision Drilling Corp 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 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 Corp 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 Precision Drilling value 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.