Financial data analysis helps to confirm if markets are presently mispricing Precision Drilling. We were able to interpolate and analyze data for thirty-five available financial ratios for Precision Drilling, which can be compared to its competitors. The stock experiences a large bullish trend. Check odds of Precision Drilling to be traded at C$97.61 in 90 days. Key indicators impacting Precision Drilling's financial strength include:
Understanding current and past Precision Drilling Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Precision Drilling's financial statements are interrelated, with each one affecting the others. For example, an increase in Precision Drilling's assets may result in an increase in income on the income statement.
Precision Drilling competes with Trican Well, Ensign Energy, Calfrac Well, and Birchcliff 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. It employs 5471 people.
You should never invest in Precision Drilling without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Precision Stock, because this is throwing your money away. Analyzing the key information contained in Precision Drilling's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Precision Drilling Key Financial Ratios
Precision Drilling's financial ratios allow both analysts and investors to convert raw data from Precision Drilling's financial statements into concise, actionable information that can be used to evaluate the performance of Precision Drilling over time and compare it to other companies across industries.
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. You can analyze the relationship between different fundamental ratios across Precision Drilling competition to find correlations between indicators driving Precision Drilling's intrinsic value. More Info.
Precision Drilling is regarded second in return on equity category among its peers. It also is regarded second in return on asset category among its peers reporting about 0.34 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Precision Drilling is roughly 2.96 . At this time, Precision Drilling's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Precision Drilling by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Precision Drilling's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.
Precision Drilling Systematic Risk
Precision Drilling's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Precision Drilling volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Precision Drilling correlated with the market. If Beta is less than 0 Precision Drilling generally moves in the opposite direction as compared to the market. If Precision Drilling Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Precision Drilling is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Precision Drilling is generally in the same direction as the market. If Beta > 1 Precision Drilling moves generally in the same direction as, but more than the movement of the benchmark.
Precision Drilling Total Assets Over Time
Precision Drilling Thematic Clasifications
Precision Drilling is part of Oil And Gas investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Oil And Gas drilling, production, pipelines, and equipment. Companies involved in drilling, production, and distribution of oil and gas pipelines
This theme covers Oil And Gas drilling, production, pipelines, and equipment. Companies involved in drilling, production, and distribution of oil and gas pipelines. Get More Thematic Ideas
Today, most investors in Precision Drilling Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Precision Drilling's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Precision Drilling growth as a starting point in their analysis.
Precision Drilling December 1, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Precision Drilling help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Precision Drilling. We use our internally-developed statistical techniques to arrive at the intrinsic value of Precision Drilling based on widely used predictive technical indicators. In general, we focus on analyzing Precision Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Precision Drilling's daily price indicators and compare them against related drivers.
When determining whether Precision Drilling is a strong investment it is important to analyze Precision Drilling's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Precision Drilling's future performance. For an informed investment choice regarding Precision Stock, refer to the following important reports:
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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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.