Darren Ruhr - Precision Drilling Senior Vice President - Corporate Services
| PD Stock | CAD 90.34 2.36 2.55% |
President
Mr. Darren J. Ruhr is Chief Administrative Officer of the Company. He serves as Vice President of Corporationrationrate Services since 2009. Prior to that, Mr. Ruhr was Vice President of Corporationrationrate Services Corporationrationrate Secretary from 2005 to 2009. since 2018.
| Tenure | 6 years |
| Address | 525?8th Avenue SW, Calgary, AB, Canada, T2P 1G1 |
| Phone | 403 716 4500 |
| Web | https://www.precisiondrilling.com |
Precision Drilling Management Efficiency
The company has return on total asset (ROA) of 0.054 % which means that it generated a profit of $0.054 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1597 %, meaning that it generated $0.1597 on every $100 dollars invested by stockholders. 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. As of the 26th of November 2024, Return On Tangible Assets is likely to grow to 0.09, while Return On Capital Employed is likely to drop 0.11. At this time, Precision Drilling's Total Assets are very stable compared to the past year. As of the 26th of November 2024, Non Currrent Assets Other is likely to grow to about 11.2 M, while Non Current Assets Total are likely to drop about 2.8 B.Similar Executives
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Management Performance
| Return On Equity | 0.16 | ||||
| Return On Asset | 0.054 |
Precision Drilling Leadership Team
Elected by the shareholders, the Precision Drilling's board of directors comprises two types of representatives: Precision Drilling inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Precision. The board's role is to monitor Precision Drilling's management team and ensure that shareholders' interests are well served. Precision Drilling's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Precision Drilling's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Darren Ruhr, Senior Vice President - Corporate Services | ||
| BSc BSc, CEO Pres | ||
| Ross Pickering, Senior Vice President Global Operations Excellence | ||
| Lavonne Zdunich, Director Relations | ||
| Dustin Honing, Manager Development | ||
| Grant Hunter, Senior Vice President - U.S. Operations | ||
| Gene Stahl, President of Drilling Operations | ||
| Veronica Foley, Vice President - Legal, Corporate Secretary | ||
| John Goertzen, Ex Officer | ||
| Niels Espeland, President of International | ||
| Shuja Goraya, Chief Officer | ||
| Carey CFA, Chief Officer | ||
| Roland Marks, VP Operations |
Precision Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Precision Drilling a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.16 | ||||
| Return On Asset | 0.054 | ||||
| Profit Margin | 0.13 % | ||||
| Operating Margin | 0.14 % | ||||
| Current Valuation | 2.14 B | ||||
| Shares Outstanding | 14.07 M | ||||
| Shares Owned By Insiders | 2.13 % | ||||
| Shares Owned By Institutions | 57.14 % | ||||
| Number Of Shares Shorted | 457.8 K | ||||
| Price To Earning | (7.36) X |
Pair Trading with Precision Drilling
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Precision Drilling position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Precision Drilling will appreciate offsetting losses from the drop in the long position's value.Moving against Precision Stock
| 0.72 | MRT-UN | Morguard Real Estate | PairCorr |
| 0.64 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.59 | PPL-PA | Pembina Pipeline Corp | PairCorr |
| 0.57 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.56 | SGR-U | Slate Grocery REIT | PairCorr |
The ability to find closely correlated positions to Precision Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precision Drilling when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Precision Drilling - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Precision Drilling to buy it.
The correlation of Precision Drilling is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Precision Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precision Drilling moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Precision Drilling can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Precision Stock, please use our How to Invest in Precision Drilling guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.