Precision Drilling may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Precision Drilling's Net Tangible Assets are comparatively stable compared to the past year. Long Term Debt is likely to gain to about 1.1 B in 2025, whereas Short and Long Term Debt Total is likely to drop slightly above 1 B in 2025. Key indicators impacting Precision Drilling's financial strength include:
The essential information of the day-to-day investment outlook for Precision Drilling includes many different criteria found on its balance sheet. An individual investor should monitor Precision Drilling's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Precision Drilling.
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.
Precision Drilling Stock Summary
Precision Drilling competes with Helmerich, Nabors Industries, Seadrill, Patterson UTI, and Noble Plc. 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.
The reason investors look at the income statement is to determine what Precision Drilling's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
Comparative valuation techniques use various fundamental indicators to help in determining Precision Drilling's current stock value. Our valuation model uses many indicators to compare Precision Drilling value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Precision Drilling competition to find correlations between indicators driving Precision Drilling's intrinsic value. More Info.
Precision Drilling is regarded fifth in return on equity category among its peers. It is regarded fourth in return on asset category among its peers reporting about 0.65 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Precision Drilling is roughly 1.54 . At this time, Precision Drilling's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Precision Drilling by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.
Precision Drilling Systematic Risk
Precision Drilling's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Precision Drilling volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Precision Drilling correlated with the market. If Beta is less than 0 Precision Drilling generally moves in the opposite direction as compared to the market. If Precision Drilling Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Precision Drilling is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Precision Drilling is generally in the same direction as the market. If Beta > 1 Precision Drilling moves generally in the same direction as, but more than the movement of the benchmark.
Precision Drilling Thematic Clasifications
Precision Drilling is part of Oil And Gas investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Oil And Gas drilling, production, pipelines, and equipment. Companies involved in drilling, production, and distribution of oil and gas pipelines
This theme covers Oil And Gas drilling, production, pipelines, and equipment. Companies involved in drilling, production, and distribution of oil and gas pipelines. Get More Thematic Ideas
Today, most investors in Precision Drilling Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Precision Drilling's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Precision Drilling growth as a starting point in their analysis.
Precision Drilling February 16, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Precision Drilling help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Precision Drilling. We use our internally-developed statistical techniques to arrive at the intrinsic value of Precision Drilling based on widely used predictive technical indicators. In general, we focus on analyzing Precision Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Precision Drilling's daily price indicators and compare them against related drivers.
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.