Precision Drilling Stock Today
| PD Stock | CAD 87.76 0.15 0.17% |
Performance0 of 100
| Odds Of DistressLess than 9
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Precision Drilling is selling at 87.76 as of the 29th of November 2024; that is 0.17% increase since the beginning of the trading day. The stock's open price was 87.61. Precision Drilling has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Precision Drilling are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of September 2024 and ending today, the 29th of November 2024. Click here to learn more.
Business Domain Energy |
Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related services and products. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada. PRECISION DRILLING operates under Oil Gas Drilling classification in Canada and is traded on Toronto Stock Exchange. The company has 14.07 M outstanding shares of which 457.8 K shares are at this time shorted by private and institutional investors with about 4.16 days to cover all short positions. More on Precision Drilling
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Precision Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Precision Drilling's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Precision Drilling or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President | Darren Ruhr | ||||
| Thematic Idea | Oil And Gas (View all Themes) | ||||
| Business Concentration | Energy Equipment & Services, Oil & Gas Drilling, Energy, Oil And Gas, Energy, Energy Equipment & Services, Oil & Gas Drilling, Energy (View all Sectors) | ||||
Precision Drilling's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Precision Drilling's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Debt LevelsPrecision Drilling can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Precision Drilling's financial leverage. It provides some insight into what part of Precision Drilling's total assets is financed by creditors.
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Precision Drilling (PD) is traded on Toronto Exchange in Canada and employs 5,000 people. Precision Drilling is listed under Energy Equipment & Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.23 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Precision Drilling's market, we take the total number of its shares issued and multiply it by Precision Drilling's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Precision Drilling classifies itself under Energy Equipment & Services sector and is part of Energy industry. The entity has 14.07 M outstanding shares of which 457.8 K shares are at this time shorted by private and institutional investors with about 4.16 days to cover all short positions.
Precision Drilling has accumulated about 80.58 M in cash with 500.57 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.27.
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Ownership AllocationThe market capitalization of Precision Drilling is C$1.23 Billion. 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. Consequently, these institutions are subject to different rules and regulations than regular investors in Precision Drilling. Please watch out for any change in the institutional holdings of Precision Drilling as this could mean something significant has changed or is about to change at the company. 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.
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Precision Drilling Risk Profiles
Although Precision Drilling's alpha and beta are two of the key measurements used to evaluate Precision Drilling's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.72 | |||
| Standard Deviation | 2.27 | |||
| Variance | 5.17 | |||
| Risk Adjusted Performance | (0.04) |
Precision Stock Against Markets
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| All Next | Launch Module |
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 Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.