Precision Drilling Shares Rise on 3Q Profit Beat - MarketWatch
| PD Stock | CAD 60.66 0.43 0.70% |
About 61% of Precision Drilling's investor base is looking to short. The analysis of overall sentiment of trading Precision Drilling stock suggests that many investors are alarmed at this time. Precision Drilling's investing sentiment overview a quick insight into current market opportunities from investing in Precision Drilling. Many technical investors use Precision Drilling stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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Precision Drilling Shares Rise on 3Q Profit Beat MarketWatch
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Precision Drilling Fundamental Analysis
We analyze Precision Drilling's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Precision Drilling using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Precision Drilling based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Operating Margin
Operating Margin Comparative Analysis
Precision Drilling is currently under evaluation in operating margin category among its peers. Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Precision Drilling Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Precision Drilling stock to make a market-neutral strategy. Peer analysis of Precision Drilling could also be used in its relative valuation, which is a method of valuing Precision Drilling by comparing valuation metrics with similar companies.
Peers
Precision Drilling Related Equities
| BIR | Birchcliff Energy | 1.40 | ||||
| ESI | Ensign Energy | 1.01 | ||||
| TCW | Trican Well | 0.68 | ||||
| CFW | Calfrac Well | 0.30 |
Check out Precision Drilling Hype Analysis, Precision Drilling Correlation and Precision Drilling Performance. To learn how to invest in Precision Stock, please use our How to Invest in Precision Drilling guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.