Precision Drilling Ownership

The market capitalization of Precision Drilling is $933.79 Million. Over half of Precision Drilling's outstanding shares are owned by third-party entities. These third-party entities are typically referred to as corporate investors that secure positions in a given instrument to benefit from reduced trade commissions. Note, that even with substantial debt, if the true value of the company is larger than the current market value, you may still be able to generate positive returns on investment in this company at some point. Some institutional investors establish a significant position in stocks such as Precision Drilling in order to find ways to drive up its value. Retail investors, on the other hand, need to know that institutional holders can own millions of shares of Precision Drilling, and when they decide to sell, the stock will often sell-off, which may instantly impact shareholders' value. So, traders who get in early or near the beginning of the institutional investor's buying cycle could potentially generate profits. At this time, Precision Drilling's Dividend Yield is comparatively stable compared to the past year. Dividend Paid And Capex Coverage Ratio is likely to gain to 2.32 in 2024, whereas Dividends Paid is likely to drop slightly above 8.4 M in 2024. Common Stock Shares Outstanding is likely to drop to about 14.4 M in 2024. Net Loss is likely to gain to about (29.3 M) in 2024. 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 unemployment. For more information on how to buy Precision Stock please use our How to Invest in Precision Drilling guide.