At the time of writing, Precision Drilling Corp [PDS] stock is trading at $64.12, down -3.24%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PDS shares have gain 4.99% over the last week, with a monthly amount glided 8.71%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, National Bank Financial downgraded its rating to Sector Perform on November 21, 2023. The Benchmark Company started tracking the stock assigning a Hold rating. CIBC upgraded its rating to a Sector Outperform. Piper Sandler upgraded its rating to Overweight for this stock on December 21, 2021, and upped its price target to $57. In a note dated December 09, 2021, TD Securities upgraded an Buy rating on this stock.
For the past year, the stock price of Precision Drilling Corp fluctuated between $51.53 and $79.07. Currently, Wall Street analysts expect the stock to reach $71.33 within the next 12 months. Precision Drilling Corp [NYSE: PDS] shares were valued at $64.12 at the most recent close of the market. An investor can expect a potential return of 11.24% based on the average PDS price forecast.
Analyzing the PDS fundamentals
According to Precision Drilling Corp [NYSE:PDS], the company’s sales were 1.43B for trailing twelve months, which represents an 5.03% jump. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.15 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 63.18 points at the first support level, and at 62.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.42, and for the 2nd resistance point, it is at 66.71.
Ratios To Look Out For
It is important to note that Precision Drilling Corp [NYSE:PDS] has a current ratio of 1.54. In addition, the Quick Ratio stands at 1.41 and the Cash Ratio stands at 0.08. Considering the valuation of this stock, the price to sales ratio is 0.63, the price to book ratio is 0.74 and price to earnings (TTM) ratio is 5.32.
Transactions by insiders
Recent insider trading involved DAVID W. WILLIAMS, Director, that happened on Aug 26 ’24 when 3500.0 shares were purchased.
