Is Precision Drilling Stock a Good Investment?
Precision Drilling Investment Advice | PDS |
- Examine Precision Drilling's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Precision Drilling's leadership team and their track record. Good management can help Precision Drilling navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Petroleum and Natural Gas space and any emerging trends that could impact Precision Drilling's business and its evolving consumer preferences.
- Compare Precision Drilling's performance and market position to its competitors. Analyze how Precision Drilling is positioned in terms of product offerings, innovation, and market share.
- Check if Precision Drilling pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Precision Drilling's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Precision Drilling stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if Precision Drilling is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine Precision Drilling Stock
Researching Precision Drilling's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 61.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.46. 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 5.41. The firm last dividend was issued on the 4th of November 2015. Precision Drilling had 1:20 split on the 12th of November 2020.
To determine if Precision Drilling is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Precision Drilling's research are outlined below:
| Precision Drilling generated a negative expected return over the last 90 days | |
| Precision Drilling has high historical volatility and very poor performance | |
| About 61.0% of the company shares are owned by institutional investors |
Precision Drilling uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Precision Drilling. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Precision Drilling's 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 Drilling's market capitalization trends
The company currently falls under 'Small-Cap' category with a total capitalization of 581.63 M.Precision Drilling's profitablity analysis
The company has Net Profit Margin of 0.06 %, 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 0.13 %, which entails that for every 100 dollars of revenue, it generated $0.13 of operating income.Determining Precision Drilling's profitability involves analyzing its financial statements and using various financial metrics to determine if Precision Drilling is a good buy. For example, gross profit margin measures Precision Drilling's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Precision Drilling's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Precision Drilling's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Precision Drilling. Check Precision Drilling's Beneish M Score to see the likelihood of Precision Drilling's management manipulating its earnings.
Basic technical analysis of Precision Stock
As of the 4th of May, Precision Drilling holds the Risk Adjusted Performance of (0.15), variance of 12.5, and Coefficient Of Variation of (1,063). 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. Please check Precision Drilling coefficient of variation and maximum drawdown to decide if Precision Drilling is priced some-what accurately, providing market reflects its current price of 43.17 per share. Given that Precision Drilling has information ratio of (0.06), we recommend you to check out Precision Drilling's recent market performance to make sure the company can sustain itself at a future point.Understand Precision Drilling's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Precision Drilling's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.15) | |||
| Market Risk Adjusted Performance | 0.7379 | |||
| Mean Deviation | 2.25 | |||
| Coefficient Of Variation | (1,063) | |||
| Standard Deviation | 3.54 | |||
| Variance | 12.5 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 0.7279 | |||
| Maximum Drawdown | 23.23 | |||
| Value At Risk | (7.28) | |||
| Potential Upside | 3.11 | |||
| Skewness | 0.8253 | |||
| Kurtosis | 7.2 |
| Risk Adjusted Performance | (0.15) | |||
| Market Risk Adjusted Performance | 0.7379 | |||
| Mean Deviation | 2.25 | |||
| Coefficient Of Variation | (1,063) | |||
| Standard Deviation | 3.54 | |||
| Variance | 12.5 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 0.7279 | |||
| Maximum Drawdown | 23.23 | |||
| Value At Risk | (7.28) | |||
| Potential Upside | 3.11 | |||
| Skewness | 0.8253 | |||
| Kurtosis | 7.2 |
Consider Precision Drilling's intraday 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 time-series forecasting models is one of many Precision Drilling's stock analysis techniques 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 market movement and maximize returns from investment trading.
Precision Stock media impact
There is far too much social signal, news, headlines, and media speculation about Precision Drilling that are available to investors today. This information is accessible both publicly - through Precision Drilling's media outlets and privately, via word of mouth or internal channels. However, regardless of the source, the sheer volume of Precision-related data is difficult to distill into actionable insights, especially for investors who are not well-versed in the rapidly evolving tools and techniques of investment management.
A primary focus of Precision Drilling news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Precision Drilling relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Precision Drilling's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Precision Drilling alpha.
Precision Drilling Corporate Directors
| Susan MacKenzie | Independent Director | Profile | |
| Kevin Meyers | Independent Director | Profile | |
| David Williams | Independent Director | Profile | |
| William Donovan | Independent Director | Profile |
Additional 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.