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 Energy Equipment & Services 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 |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | 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 57.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.75. 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 12.15. 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 | |
| About 57.0% of the company shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: Precision Drilling Shares Pass Above 50-Day Moving Average Should You Sell |
Precision Drilling Quarterly Liabilities And Stockholders Equity |
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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 |
Earnings surprises can significantly impact Precision Drilling's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Precision Drilling's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2002-11-05 | 2002-09-30 | 0.1 | 0.11 | 0.01 | 10 | ||
2002-08-01 | 2002-06-30 | 0.04 | 0.03 | -0.01 | 25 | ||
1997-06-26 | 1997-03-31 | 0.19 | 0.21 | 0.02 | 10 | ||
1997-03-18 | 1996-12-31 | 0.2 | 0.18 | -0.02 | 10 | ||
2004-07-29 | 2004-06-30 | 0.09 | 0.12 | 0.03 | 33 | ||
2003-07-31 | 2003-06-30 | 0.03 | 0.06 | 0.03 | 100 | ||
1999-01-04 | 1998-12-31 | 0.15 | 0.11 | -0.04 | 26 | ||
2001-11-01 | 2001-09-30 | 0.35 | 0.4 | 0.05 | 14 |
Know Precision Drilling's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Precision Drilling is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Precision Drilling backward and forwards among themselves. Precision Drilling's institutional investor refers to the entity that pools money to purchase Precision Drilling's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Wellington Management Company Llp | 2024-06-30 | 136.3 K | Cibc World Markets Inc. | 2024-06-30 | 125.4 K | Aegis Financial Corporation | 2024-09-30 | 123.6 K | Sir Capital Management, L.p. | 2024-09-30 | 118 K | American Century Companies Inc | 2024-09-30 | 114.5 K | Two Sigma Advisers, Llc | 2024-06-30 | 113.9 K | Hartree Partners, Lp | 2024-09-30 | 85 K | Greatmark Investment Partners Inc | 2024-09-30 | 84.1 K | Td Asset Management Inc | 2024-09-30 | 70.2 K | Ninepoint Partners Lp | 2024-09-30 | 1.1 M | Royal Bank Of Canada | 2024-06-30 | 772.5 K |
Precision Drilling's market capitalization trends
The company currently falls under 'Small-Cap' category with a total capitalization of 916.34 M.Market Cap |
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Precision Drilling's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.10 | 0.10 | |
| Return On Capital Employed | 0.23 | 0.24 | |
| Return On Assets | 0.10 | 0.08 | |
| Return On Equity | 0.18 | 0.12 |
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.
Evaluate Precision Drilling's management efficiency
Precision Drilling has Return on Asset of 0.054 % which means that on every $100 spent on assets, it made $0.054 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1597 %, implying that it generated $0.1597 on every 100 dollars invested. 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. Return On Capital Employed is likely to gain to 0.24 in 2024, whereas Return On Tangible Assets are likely to drop 0.1 in 2024. At this time, Precision Drilling's Total Assets are comparatively stable compared to the past year. Non Currrent Assets Other is likely to gain to about 84.2 M in 2024, whereas Intangible Assets are likely to drop slightly above 15.6 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 106.36 | 109.78 | |
| Tangible Book Value Per Share | 105.25 | 85.41 | |
| Enterprise Value Over EBITDA | 3.34 | 3.17 | |
| Price Book Value Ratio | 0.68 | 0.64 | |
| Enterprise Value Multiple | 3.34 | 3.17 | |
| Price Fair Value | 0.68 | 0.64 | |
| Enterprise Value | 2 B | 1.9 B |
Management at Precision Drilling focuses on leveraging technology and optimizing operations. We evaluate the impact of these focuses on the company's financial health and stock performance.
Beta 2.748 |
Basic technical analysis of Precision Stock
As of the 21st of November, Precision Drilling holds the Variance of 5.72, coefficient of variation of (4,825), and Risk Adjusted Performance of (0.01). 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 66.13 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.Precision Drilling's Outstanding Corporate Bonds
Precision Drilling issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Precision Drilling uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Precision bonds can be classified according to their maturity, which is the date when Precision Drilling has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View |
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 | (0.01) | |||
| Market Risk Adjusted Performance | (0.04) | |||
| Mean Deviation | 1.83 | |||
| Coefficient Of Variation | (4,825) | |||
| Standard Deviation | 2.39 | |||
| Variance | 5.72 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.05) | |||
| Maximum Drawdown | 11.18 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 3.53 | |||
| Skewness | 0.1076 | |||
| Kurtosis | 0.7061 |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.04) | |||
| Mean Deviation | 1.83 | |||
| Coefficient Of Variation | (4,825) | |||
| Standard Deviation | 2.39 | |||
| Variance | 5.72 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.05) | |||
| Maximum Drawdown | 11.18 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 3.53 | |||
| Skewness | 0.1076 | |||
| Kurtosis | 0.7061 |
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 Corporate Filings
13A | 31st of October 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
6K | 30th of October 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
| 4th of March 2024 Other Reports | ViewVerify |
Precision Stock media impact
Far too much social signal, news, headlines, and media speculation about Precision Drilling that are available to investors today. That information is available publicly through Precision media outlets and privately through word of mouth or via Precision internal channels. However, regardless of the origin, that massive amount of Precision data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
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 Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Precision Drilling can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
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.