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PDS
Stock ticker: NYSE
AS OF
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Price
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Capitalization
848.9M

PDS Price Prediction, Precision Drilling Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for PDS with price predictions
07:00 PM EST Nov 27, 2023

PDS in -3.08% downward trend, declining for three consecutive days on November 28, 2023

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where PDS declined for three days, in of 308 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 16, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on PDS as a result. In of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Aroon Indicator for PDS entered a downward trend on November 24, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PDS's RSI Oscillator exited the oversold zone, of 36 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 51 cases where PDS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for PDS just turned positive on November 24, 2023. Looking at past instances where PDS's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PDS advanced for three days, in of 301 cases, the price rose further within the following month. The odds of a continued upward trend are .

PDS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. PDS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.836) is normal, around the industry mean (1.185). P/E Ratio (7.868) is within average values for comparable stocks, (55.928). PDS's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (0.162). PDS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.036). P/S Ratio (0.574) is also within normal values, averaging (1.054).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PDS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

A.I. Advisor
published Earnings

PDS is expected to report earnings to rise 100.69% to $2.91 per share on February 15

Precision Drilling Corp PDS Stock Earnings Reports
Q4'23
Est.
$2.91
Q3'23
Missed
by $0.90
Q2'23
Beat
by $0.22
Q1'23
Beat
by $1.70
Q4'22
Missed
by $3.05
The last earnings report on October 26 showed earnings per share of $1.45, missing the estimate of $2.35. With 3.80K shares outstanding, the current market capitalization sits at 848.90M.
A.I.Advisor
published Dividends

PDS paid dividends on November 18, 2015

Precision Drilling Corp PDS Stock Dividends
А dividend of $0.07 per share was paid with a record date of November 18, 2015, and an ex-dividend date of November 04, 2015. Read more...
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Transocean Ltd (NYSE:RIG), Diamond Offshore Drilling (NYSE:DO).

Industry description

The contract drilling industry includes companies that provide onshore and offshore drilling services to the energy sector. Services are delivered on a contractual or per-fee basis. Customers of this industry include major and independent oil and gas companies. Strong oil demand could potentially boost contract fees. Helmerich & Payne, Inc., Transocean Ltd and Patterson-UTI Energy, Inc. are among the major drilling companies in the U.S.

Market Cap

The average market capitalization across the Contract Drilling Industry is 1.81B. The market cap for tickers in the group ranges from 21.2K to 6.3B. NE holds the highest valuation in this group at 6.3B. The lowest valued company is EXLA at 21.2K.

High and low price notable news

The average weekly price growth across all stocks in the Contract Drilling Industry was -0%. For the same Industry, the average monthly price growth was -4%, and the average quarterly price growth was 7%. SDRL experienced the highest price growth at 8%, while ARHVF experienced the biggest fall at -6%.

Volume

The average weekly volume growth across all stocks in the Contract Drilling Industry was 24%. For the same stocks of the Industry, the average monthly volume growth was -15% and the average quarterly volume growth was 1%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 62
P/E Growth Rating: 78
Price Growth Rating: 53
SMR Rating: 78
Profit Risk Rating: 85
Seasonality Score: -5 (-100 ... +100)
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published price charts
A.I. Advisor
published General Information

General Information

a provider of onshore drilling, completion and production services to exploration and production companies in the oil and natural gas industry

Industry ContractDrilling

Profile
Fundamentals
Details
Industry
Contract Drilling
Address
150 6th Avenue SW
Phone
+1 403 716-4500
Employees
4802
Web
https://www.precisiondrilling.com
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PDS and

Correlation & Price change

A.I.dvisor indicates that over the last year, PDS has been closely correlated with PTEN. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if PDS jumps, then PTEN could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PDS
1D Price
Change %
PDS100%
-2.13%
PTEN - PDS
73%
Closely correlated
-0.51%
NBR - PDS
73%
Closely correlated
-0.31%
HP - PDS
71%
Closely correlated
-1.52%
DO - PDS
59%
Loosely correlated
+2.52%
NE - PDS
54%
Loosely correlated
+1.32%
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