Precision Drilling Stock Buy Hold or Sell Recommendation
| PD Stock | CAD 87.76 0.15 0.17% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Precision Drilling is 'Sell'. The recommendation algorithm takes into account all of Precision Drilling's available fundamental, technical, and predictive indicators you will find on this site.
Check out Precision Drilling Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in Precision Stock, please use our How to Invest in Precision Drilling guide. In addition, we conduct extensive research on individual companies such as Precision and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards 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.
Precision |
Execute Precision Drilling Buy or Sell Advice
The Precision recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Precision Drilling. Macroaxis does not own or have any residual interests in Precision Drilling or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Precision Drilling's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Sell
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Precision Drilling Trading Alerts and Improvement Suggestions
| 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 |
Precision Drilling Returns Distribution Density
The distribution of Precision Drilling's historical returns is an attempt to chart the uncertainty of Precision Drilling's future price movements. The chart of the probability distribution of Precision Drilling daily returns describes the distribution of returns around its average expected value. We use Precision Drilling price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Precision Drilling returns is essential to provide solid investment advice for Precision Drilling.
| Mean Return | -0.13 | Value At Risk | -4.14 | Potential Upside | 2.96 | Standard Deviation | 2.27 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Precision Drilling historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Precision Drilling Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (21.9M) | 34.1M | (68.2M) | (19.0M) | 32.6M | 34.2M | |
| Free Cash Flow | 127.5M | 164.5M | 63.3M | 52.9M | 273.8M | 287.5M | |
| Depreciation | 333.6M | 316.3M | 282.3M | 279.0M | 297.6M | 233.9M | |
| Other Non Cash Items | (52.1M) | (54.2M) | 20.7M | (42.0M) | (32.1M) | (30.5M) | |
| Capital Expenditures | 160.7M | 61.6M | 75.9M | 184.3M | 226.7M | 239.8M | |
| Net Income | 6.6M | (120.1M) | (177.4M) | (34.3M) | 289.2M | 303.7M | |
| End Period Cash Flow | 74.7M | 108.8M | 40.6M | 21.6M | 54.2M | 51.5M | |
| Net Borrowings | (205.2M) | (133.3M) | (135.3M) | (113.0M) | (101.7M) | (106.8M) | |
| Change To Netincome | (53.5M) | (31.7M) | 37.4M | 35.1M | 31.6M | 29.5M | |
| Investments | (74.5M) | (40.5M) | (3.5M) | (144.4M) | (202.7M) | (192.6M) |
Precision Drilling Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Precision Drilling or Energy Equipment & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Precision Drilling's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Precision stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.2 | |
β | Beta against Dow Jones | 0.50 | |
σ | Overall volatility | 2.24 | |
Ir | Information ratio | -0.11 |
Precision Drilling Volatility Alert
Precision Drilling exhibits very low volatility with skewness of 0.06 and kurtosis of 0.83. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Precision Drilling's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Precision Drilling's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Precision Drilling Fundamentals Vs Peers
Comparing Precision Drilling's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Precision Drilling's direct or indirect competition across all of the common fundamentals between Precision Drilling and the related equities. This way, we can detect undervalued stocks with similar characteristics as Precision Drilling or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Precision Drilling's fundamental indicators could also be used in its relative valuation, which is a method of valuing Precision Drilling by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Precision Drilling to competition |
| Fundamentals | Precision Drilling | Peer Average |
| Return On Equity | 0.16 | -0.31 |
| Return On Asset | 0.054 | -0.14 |
| Profit Margin | 0.13 % | (1.27) % |
| Operating Margin | 0.14 % | (5.51) % |
| Current Valuation | 2.07 B | 16.62 B |
| Shares Outstanding | 14.07 M | 571.82 M |
| Shares Owned By Insiders | 2.10 % | 10.09 % |
| Shares Owned By Institutions | 57.16 % | 39.21 % |
| Number Of Shares Shorted | 457.8 K | 4.71 M |
| Price To Earning | (7.36) X | 28.72 X |
| Price To Book | 0.75 X | 9.51 X |
| Price To Sales | 0.64 X | 11.42 X |
| Revenue | 1.94 B | 9.43 B |
| Gross Profit | 492.59 M | 27.38 B |
| EBITDA | 657.73 M | 3.9 B |
| Net Income | 289.24 M | 570.98 M |
| Cash And Equivalents | 80.58 M | 2.7 B |
| Cash Per Share | 0.27 X | 5.01 X |
| Total Debt | 992.19 M | 5.32 B |
| Debt To Equity | 102.00 % | 48.70 % |
| Current Ratio | 1.83 X | 2.16 X |
| Book Value Per Share | 117.77 X | 1.93 K |
| Cash Flow From Operations | 500.57 M | 971.22 M |
| Short Ratio | 4.16 X | 4.00 X |
| Earnings Per Share | 16.42 X | 3.12 X |
| Price To Earnings To Growth | 0.33 X | 4.89 X |
| Target Price | 123.9 | |
| Number Of Employees | 5 K | 18.84 K |
| Beta | 2.75 | -0.15 |
| Market Capitalization | 1.23 B | 19.03 B |
| Total Asset | 3.02 B | 29.47 B |
| Retained Earnings | (1.01 B) | 9.33 B |
| Working Capital | 145.24 M | 1.48 B |
Precision Drilling Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Precision . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Precision Drilling Buy or Sell Advice
When is the right time to buy or sell Precision Drilling? Buying financial instruments such as Precision Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Check out Precision Drilling Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in Precision Stock, please use our How to Invest in Precision Drilling guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.