Precision Drilling Stock Price Prediction
| PDS Stock | USD 68.86 1.32 1.88% |
Oversold Vs Overbought
44
Oversold | Overbought |
Precision Drilling stock price prediction is an act of determining the future value of Precision Drilling shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Precision Drilling's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Precision Drilling and does not consider all of the tangible or intangible factors available from Precision Drilling's fundamental data. We analyze noise-free headlines and recent hype associated with Precision Drilling, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Precision Drilling's stock price prediction:Quarterly Earnings Growth (0.55) | EPS Estimate Next Quarter 0.14 | EPS Estimate Current Year 6.56 | EPS Estimate Next Year 9.68 | Wall Street Target Price 91.32 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Precision Drilling based on different types of headlines from major news networks to social media. The Precision stock price prediction module provides an analysis of price elasticity to changes in media outlook on Precision Drilling over a specific investment horizon. Using Precision Drilling hype-based prediction, you can estimate the value of Precision Drilling from the perspective of Precision Drilling response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Precision Drilling using Precision Drilling's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Precision using crowd psychology based on the activity and movement of Precision Drilling's stock price.
Precision Drilling Implied Volatility | 44.14 |
Precision Drilling's implied volatility exposes the market's sentiment of Precision Drilling stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Precision Drilling's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Precision Drilling stock will not fluctuate a lot when Precision Drilling's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Precision Drilling. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Precision Drilling to buy its stock at a price that has no basis in reality. In that case, they are not buying Precision because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Precision Drilling after-hype prediction price | USD 68.28 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Prediction based on Rule 16 of the current Precision contract
Based on the Rule 16, the options market is currently suggesting that Precision Drilling will have an average daily up or down price movement of about 2.76% per day over the life of the 2024-05-17 option contract. With Precision Drilling trading at USD 68.86, that is roughly USD 1.9 . If you think that the market is fully incorporating Precision Drilling's daily price movement you should consider acquiring Precision Drilling options at the current volatility level of 44.14%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Precision |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Precision Drilling's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Precision Drilling After-Hype Price Prediction Density Analysis
As far as predicting the price of Precision Drilling at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Precision Drilling or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Precision Drilling, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Precision Drilling Estimiated After-Hype Price Volatility
In the context of predicting Precision Drilling's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Precision Drilling's historical news coverage. Precision Drilling's after-hype downside and upside margins for the prediction period are 65.87 and 70.69, respectively. We have considered Precision Drilling's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Precision Drilling is very steady at this time. Analysis and calculation of next after-hype price of Precision Drilling is based on 3 months time horizon.
Precision Drilling Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Precision Drilling is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Precision Drilling backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Precision Drilling, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.26 | 2.41 | 0.58 | 0.01 | 9 Events / Month | 6 Events / Month | In about 9 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
68.86 | 68.28 | 0.84 |
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Precision Drilling Hype Timeline
On the 2nd of May Precision Drilling is traded for 68.86. The entity has historical hype elasticity of -0.58, and average elasticity to hype of competition of 0.01. Precision is forecasted to decline in value after the next headline, with the price expected to drop to 68.28. The average volatility of media hype impact on the company price is about 107.59%. The price depreciation on the next news is expected to be -0.84%, whereas the daily expected return is at this time at 0.26%. The volatility of related hype on Precision Drilling is about 4284.44%, with the expected price after the next announcement by competition of 68.87. About 58.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.89. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Precision Drilling has Price/Earnings To Growth (PEG) ratio of 0.4. The entity recorded earning per share (EPS) of 12.06. The firm last dividend was issued on the 4th of November 2015. Precision Drilling had 1:20 split on the 12th of November 2020. Considering the 90-day investment horizon the next forecasted press release will be in about 9 days. Check out Precision Drilling Basic Forecasting Models to cross-verify your projections.Precision Drilling Related Hype Analysis
Having access to credible news sources related to Precision Drilling's direct competition is more important than ever and may enhance your ability to predict Precision Drilling's future price movements. Getting to know how Precision Drilling's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Precision Drilling may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| HP | Helmerich and Payne | 0.25 | 8 per month | 1.60 | 0.05 | 2.91 | (3.24) | 16.71 | |
| NBR | Nabors Industries | 0.18 | 9 per month | 0.00 | (0.11) | 4.53 | (4.27) | 12.61 | |
| DO | Diamond Offshore Drilling | (0.41) | 12 per month | 0.00 | (0.04) | 3.48 | (3.11) | 12.21 | |
| SDRL | Seadrill Limited | (0.14) | 7 per month | 1.59 | 0.02 | 3.57 | (2.66) | 7.62 | |
| PTEN | Patterson UTI Energy | (0.21) | 10 per month | 1.92 | (0) | 3.86 | (3.62) | 17.29 | |
| NE | Noble plc | 0.96 | 5 per month | 1.62 | (0.03) | 3.10 | (2.36) | 6.47 | |
| BORR | Borr Drilling | 0.01 | 10 per month | 0.00 | (0.14) | 3.69 | (6.87) | 17.00 | |
| RIG | Transocean | (0.19) | 12 per month | 0.00 | (0.05) | 4.19 | (3.93) | 12.42 |
Precision Drilling Additional Predictive Modules
Most predictive techniques to examine Precision price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Precision using various technical indicators. When you analyze Precision charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Precision Drilling Predictive Indicators
The successful prediction of Precision Drilling stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Precision Drilling, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Precision Drilling based on analysis of Precision Drilling hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Precision Drilling's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Precision Drilling's related companies. | 2023 | 2024 (projected) | Dividend Yield | 0.0589 | 0.0683 | Price To Sales Ratio | 0.51 | 0.48 |
Story Coverage note for Precision Drilling
The number of cover stories for Precision Drilling depends on current market conditions and Precision Drilling's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Precision Drilling is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Precision Drilling's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Precision Drilling Short Properties
Precision Drilling's future price predictability will typically decrease when Precision Drilling's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Precision Drilling often depends not only on the future outlook of the potential Precision Drilling's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Precision Drilling's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 15.3 M | |
| Cash And Short Term Investments | 54.2 M |
Check out Precision Drilling Basic Forecasting Models to cross-verify your projections. For more information on how to buy Precision Stock please use our How to Invest in Precision Drilling guide.Note that the Precision Drilling information on this page should be used as a complementary analysis to other Precision Drilling's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary 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.
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Is Precision Drilling's industry 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 (0.55) | Earnings Share 12.06 | Revenue Per Share 136.766 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0524 |
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.