Precision Drilling Current Valuation vs. Shares Owned By Institutions
| PDS Stock | USD 60.60 0.16 0.26% |
For Precision Drilling profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Precision Drilling to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Precision Drilling utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Precision Drilling's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Precision Drilling over time as well as its relative position and ranking within its peers.
Precision |
Is Energy Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Precision Drilling. If investors know Precision will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Precision Drilling listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.592 | Earnings Share 11.6 | Revenue Per Share 136.158 | Quarterly Revenue Growth 0.068 | Return On Assets 0.054 |
The market value of Precision Drilling is measured differently than its book value, which is the value of Precision that is recorded on the company's balance sheet. Investors also form their own opinion of Precision Drilling's value that differs from its market value or its book value, called intrinsic value, which is Precision Drilling's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Precision Drilling's market value can be influenced by many factors that don't directly affect Precision Drilling's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Precision Drilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precision Drilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precision Drilling's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Precision Drilling Shares Owned By Institutions vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Precision Drilling's current stock value. Our valuation model uses many indicators to compare Precision Drilling value to that of its competitors to determine the firm's financial worth. Precision Drilling is regarded fifth in current valuation category among its peers. It also is regarded fifth in shares owned by institutions category among its peers . The ratio of Current Valuation to Shares Owned By Institutions for Precision Drilling is about 25,132,062 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Precision Drilling by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Precision Current Valuation vs. Competition
Precision Drilling is regarded fifth in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Energy industry is at this time estimated at about 21.52 Billion. Precision Drilling holds roughly 1.44 Billion in current valuation claiming about 7% of equities under Energy industry.
Precision Shares Owned By Institutions vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Precision Drilling |
| = | 1.44 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
Precision Drilling |
| = | 57.43 % |
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Precision Shares Owned By Institutions Comparison
Precision Drilling is currently under evaluation in shares owned by institutions category among its peers.
Precision Drilling Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Precision Drilling, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Precision Drilling will eventually generate negative long term returns. The profitability progress is the general direction of Precision Drilling's change in net profit over the period of time. It can combine multiple indicators of Precision Drilling, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 147.5 M | 154.8 M | |
| Operating Income | 611.1 M | 641.7 M | |
| Income Before Tax | 265.8 M | 279.1 M | |
| Total Other Income Expense Net | -345.3 M | -328.1 M | |
| Net Income | 289.2 M | 303.7 M | |
| Income Tax Expense | -23.5 M | -22.3 M | |
| Net Income From Continuing Ops | 146 M | 153.3 M | |
| Net Loss | -30.9 M | -29.3 M | |
| Interest Income | 1.4 M | 1.3 M | |
| Net Interest Income | -87.5 M | -91.8 M | |
| Change To Netincome | 40.3 M | 42.4 M | |
| Net Income Per Share | 21.03 | 19.99 | |
| Income Quality | 1.73 | 2.72 | |
| Net Income Per E B T | 1.09 | 0.80 |
Precision Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Precision Drilling. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Precision Drilling position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Precision Drilling's important profitability drivers and their relationship over time.
Use Precision Drilling in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Precision Drilling position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Precision Drilling will appreciate offsetting losses from the drop in the long position's value.Precision Drilling Pair Trading
Precision Drilling Pair Trading Analysis
The ability to find closely correlated positions to Precision Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precision Drilling when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Precision Drilling - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Precision Drilling to buy it.
The correlation of Precision Drilling is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Precision Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precision Drilling moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Precision Drilling can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Precision Drilling position
In addition to having Precision Drilling in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Small Growth Funds Thematic Idea Now
Small Growth Funds
Funds or Etfs that invest in stocks of small to mid-sized companies with above-average risk and growth rate that usually reinvest their earnings back into business. The Small Growth Funds theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Small Growth Funds Theme or any other thematic opportunities.
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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.