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What Technical Analysis say About Precision Drilling Corporation (NYSE:PDS)?

Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Precision Drilling Corporation (NYSE:PDS) for the period of 9-Day stands at 85.22% while the stochastic %D for the same period stands at 87.42%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Precision Drilling Corporation (NYSE:PDS) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Precision Drilling Corporation (NYSE:PDS) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Precision Drilling Corporation (NYSE:PDS)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Precision Drilling Corporation is an oilfield services company. The Company provides contract drilling, well servicing and strategic support services to the oil and gas industry in North America and internationally. It provides land drilling, directional drilling, turnkey drilling, camp and catering services, procures and distributes oilfield supplies. It also offers service rigs for well completion and workover services, snubbing services and wastewater treatment services, tubulars, well control equipment, wellsite accommodations. Precision Drilling Corporation is headquartered in Calgary, Canada.

Previous Day Activity Analysis

On the last trading day, Precision Drilling Corporation (NYSE:PDS) opened the session at $3.37 and after going up 7.46% closed at $3.6. The stock gained 0.23 points in the last trade.

Precision Drilling Corporation (NYSE:PDS)’s stock fluctuated in the range of $3.35 and $3.72 during the previous active session. Precision Drilling Corporation (NYSE:PDS) traded with the volume of 3.94 Million with average volume of 2.59 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 1.75 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.15 and 73.49 respectively.

Currently the Insider Ownership of the shares of Precision Drilling Corporation (NYSE:PDS) is at 1% and the shares outstanding are 298.28 Million.

Important Ratio Analysis

Some important ratios to consider here for Precision Drilling Corporation (NYSE:PDS) are discussed below:

Price to Earnings P/E ratio stands at 0 while Forward P/E shows the value of 0.

The Price to Sale P/S and Price to Book P/B shows the value of 1.07 and 0.71 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 10.18 and 41.95 correspondingly.

The Quick Ratio of Precision Drilling Corporation (NYSE:PDS) stands at 2.1 while the Current Ratio depicts the value of 2.2.

Return on Assets ROA of Precision Drilling Corporation (NYSE:PDS) is at -2.6% whereas, Return on Equity ROE and Return of Investment ROI of Precision Drilling Corporation (NYSE:PDS) stand at -5.6% and -0.1% respectively.

Stock Performance Analysis

The stock performance of Precision Drilling Corporation (NYSE:PDS) on the basis of 5 day trade show the jump of 9.09% whereas, the monthly performance of the stock shows increase of 30.43%.

The quarterly performance of the stock remained in green zone with the value of 39% while six month performance of the shares of Precision Drilling Corporation (NYSE:PDS) remained bullish with the count of 17.26%.

The yearly and YTD performance of Precision Drilling Corporation (NYSE:PDS) remained mix at -37.5% and 19.21% respectively.

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