Precision Drilling Corp Shares Down 3.5 percent on Sep 26
| PDS Stock | USD 39.78 1.11 2.71% |
Slightly above 62% 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 can be driven by a variety of factors including economic data, Precision Drilling's earnings reports, geopolitical events, and overall market trends.
Precision | Build AI portfolio with Precision Stock |
Shares of Precision Drilling Corp fell 3.50 percent in mid-day trading on Sep 26. The stock reached an intraday low of 60.44, down from its previous close of
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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.
Cash Per Share
Cash Per Share Comparative Analysis
Precision Drilling is currently under evaluation in cash per share category among its peers. Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
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
| PTEN | Patterson UTI | 0.54 | ||||
| SDRL | Seadrill | 0.39 | ||||
| HP | Helmerich | 1.09 | ||||
| NE | Noble Plc | 1.31 | ||||
| NBR | Nabors Industries | 1.97 | ||||
| BORR | Borr Drilling | 2.34 | ||||
| RIG | Transocean | 2.95 |
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.