Precision Drilling Net Worth

Precision Drilling Net Worth Analysis

Know Precision Drilling's Top Institutional Investors

Note, although Precision Drilling's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Follow Precision Drilling's market capitalization trends

The company currently falls under 'Small-Cap' category with a total capitalization of 878.36 M.

Project Precision Drilling's profitablity

The company has Net Profit Margin of 0.13 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.14 %, which entails that for every 100 dollars of revenue, it generated $0.14 of operating income.

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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 0.09 in 2024. At this time, Precision Drilling's Total Assets are comparatively stable compared to the past year. Non Current Assets Total is likely to gain to about 2.8 B in 2024, whereas Other Current Assets are likely to drop slightly above 43.7 M in 2024.

Precision Drilling Corporate Filings

Precision Drilling time-series forecasting models is one of many Precision Drilling's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Precision Drilling's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Precision Drilling Earnings per Share Projection vs Actual

Precision Drilling Corporate Directors

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