Precision Drilling Stock Performance
| PD Stock | CAD 92.36 1.29 1.42% |
The company holds a Beta of 0.27, which implies not very significant fluctuations relative to the market. As returns on the market increase, Precision Drilling's returns are expected to increase less than the market. However, during the bear market, the loss of holding Precision Drilling is expected to be smaller as well. At this point, Precision Drilling has a negative expected return of -0.1%. Please make sure to check Precision Drilling's maximum drawdown, as well as the relationship between the accumulation distribution and price action indicator , to decide if Precision Drilling performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Precision Drilling has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest abnormal performance, the Stock's basic indicators remain healthy and the recent disarray on Wall Street may also be a sign of long period gains for the firm investors. ...more
Last Split Factor 1:20 | Dividend Date 2015-11-18 | Ex Dividend Date 2015-11-04 | Last Split Date 2020-11-12 |
1 | We Ran A Stock Scan For Earnings Growth And Precision Drilling Passed With Ease - Simply Wall St | 08/29/2024 |
2 | Precision Drilling Gets TSX Okay to Launch Buy Back for 10 percent of Public Float - MarketWatch | 09/13/2024 |
3 | Bank of Montreal Can Sells 61,618 Shares of Precision Drilling Co. - MarketBeat | 09/27/2024 |
| Begin Period Cash Flow | 21.6 M |
Precision |
Precision Drilling Relative Risk vs. Return Landscape
If you would invest 10,002 in Precision Drilling on August 24, 2024 and sell it today you would lose (766.00) from holding Precision Drilling or give up 7.66% of portfolio value over 90 days. Precision Drilling is currently producing negative expected returns and takes up 2.2942% volatility of returns over 90 trading days. Put another way, 20% of traded stocks are less volatile than Precision, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Precision Drilling Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Precision Drilling's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Precision Drilling, and traders can use it to determine the average amount a Precision Drilling's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0447
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| Negative Returns | PD |
Estimated Market Risk
| 2.29 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Precision Drilling is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Precision Drilling by adding Precision Drilling to a well-diversified portfolio.
Precision Drilling Fundamentals Growth
Precision Stock prices reflect investors' perceptions of the future prospects and financial health of Precision Drilling, and Precision Drilling fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Precision Stock performance.
| Return On Equity | 0.16 | ||||
| Return On Asset | 0.054 | ||||
| Profit Margin | 0.13 % | ||||
| Operating Margin | 0.14 % | ||||
| Current Valuation | 2.12 B | ||||
| Shares Outstanding | 14.07 M | ||||
| Price To Earning | (7.36) X | ||||
| Price To Book | 0.77 X | ||||
| Price To Sales | 0.66 X | ||||
| Revenue | 1.94 B | ||||
| Gross Profit | 492.59 M | ||||
| EBITDA | 611.12 M | ||||
| Net Income | 289.24 M | ||||
| Cash And Equivalents | 80.58 M | ||||
| Cash Per Share | 0.27 X | ||||
| Total Debt | 992.19 M | ||||
| Debt To Equity | 102.00 % | ||||
| Current Ratio | 1.83 X | ||||
| Book Value Per Share | 117.77 X | ||||
| Cash Flow From Operations | 500.57 M | ||||
| Earnings Per Share | 16.42 X | ||||
| Market Capitalization | 1.28 B | ||||
| Total Asset | 3.31 B | ||||
| Retained Earnings | (1.01 B) | ||||
| Working Capital | 145.24 M | ||||
About Precision Drilling Performance
By examining Precision Drilling's fundamental ratios, stakeholders can obtain critical insights into Precision Drilling's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Precision Drilling is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 8.52 | 16.60 | |
| Return On Tangible Assets | 0.09 | 0.09 | |
| Return On Capital Employed | 0.21 | 0.11 | |
| Return On Assets | 0.09 | 0.08 | |
| Return On Equity | 0.18 | 0.12 |
Things to note about Precision Drilling performance evaluation
Checking the ongoing alerts about Precision Drilling for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Precision Drilling help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Precision Drilling generated a negative expected return over the last 90 days | |
| Precision Drilling has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 57.0% of the company shares are owned by institutional investors |
- Analyzing Precision Drilling's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Precision Drilling's stock is overvalued or undervalued compared to its peers.
- Examining Precision Drilling's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Precision Drilling's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Precision Drilling's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Precision Drilling's stock. These opinions can provide insight into Precision Drilling's potential for growth and whether the stock is currently undervalued or overvalued.
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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.