How to Buy Precision Drilling Stock
Precision Drilling Corp
Precision Drilling is a oil & gas drilling company located in Alberta, Canada, which is part of the Energy sector, and is traded under the ticker PDS on the NYSE exchange.
Precision Drilling stock last closed at $69.92, up 1.54% from the previous day, and has increased 53.87% in one year. It has overperformed other stocks in the Oil & Gas Drilling industry by 0.44 percentage points. Precision Drilling stock is currently +68.24% from its 52-week low of $41.56, and -9.44% from its 52-week high of $77.21.
As of May 2, 2024, there are 14.34M PDS shares outstanding. The market cap of PDS is $1.00B. In the last 24 hours, 43,433 PDS shares were traded.
How to Buy Precision Drilling Stock
Not sure how to invest in Precision Drilling stock? Here's how.
- Choose where to buy Precision Drilling stock: You need to pick an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Precision Drilling stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Pick your method of payment and add your details.
- Analyze Precision Drilling stock: The Precision Drilling ticker symbol is PDS. Is Precision Drilling stock a good investment? Should you buy shares of PDS? How do PDS's underlying business fundamentals look? Do top analysts think Precision Drilling is a good buy? Why has PDS's stock price moved recently? (Hint: Our stock market research website can help you understand if PDS is a good stock to buy).
- Place your PDS buy order: Decide if you will purchase PDS shares at the current market price or use a limit order to buy PDS stock at a specific price.
- Get the latest scoop on your PDS position: Create a watchlist to important notifications about your investment in Precision Drilling shares.
Step 1: Choose where to buy Precision Drilling stock
You will need an online brokerage account to access the NYSE market and buy PDS stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal info so you are able to buy PDS today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start your new trading account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've filled out your info on investing apps, you need to deposit funds:
Check out this video walkthrough for more details transferring funds into your brokerage account.
Step 4: Analyze Precision Drilling stock
After you have selected the best place to buy Precision Drilling stock, it's important to research their stock prior to investing, so you actually comprehend the risk as well as the upside.
Precision Drilling stock at a glance
PDS Overview
WallStreetZen was built to help average investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on PDS's stock page.
What is the fair value of PDS stock?
Investors use many financial metrics, analyses, models, and charts to gauge PDS's intrinsic value.
Using relative valuations measures:
- PDS may be undervalued based on its P/E ratio of 5.84x, relative to Oil & Gas Drilling industry P/E ratio of 7.64x
- PDS could be undervalued based on its P/B ratio of 0.85x, relative to Oil & Gas Drilling industry P/B ratio of 0.94x
- PDS may be undervalued based on its PEG ratio of 0.31x
You can access additional valuation analysis on PDS's stock here.
How do PDS Financials look?
Pros:
- PDS profit margin has gone up from 5.8% to 12.1% in the past year.
- There are more short-term assets than short-term liabilities on the PDS balance sheet.
- Total PDS debt is lower than 5 years ago, relative to shareholder equity.
- PDS's operating cash flow of $389.68M allows it to safely service it's debt of $735.03M.
Cons:
- PDS earnings of $202.89M is not enough to cover its interest payments.
- PDS has a relatively high debt to equity ratio of 0.83.
- There are more long-term liabilities than short-term assets on the PDS balance sheet.
Do analysts think it's a good time to buy PDS stock
Out of 1 Wall Street analysts who monitor PDS, the consensus analyst rating on Precision Drilling is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Precision Drilling stock forecast page.
PDS Technicals
PDS Revenue
Last year, PDS earnings were $166.62M. Over the last one years, PDS's earnings have gone up by 117% per year. This was faster than the Oil & Gas Drilling industry average of 24.66%.
Last year, PDS revenue was $1.38B. Over the past five year, PDS's revenue has grown by 3.45% per year. This was slower than the Oil & Gas Drilling industry average of 33.3%.
Find out more about PDS's earnings and revenue performance here.
Are PDS insiders buying or selling the stock?
Over the past year, insiders at PDS have not bought or sold any shares.
Learn more about who owns PDS stock here.
Can I rely on PDS as an income stream?
No, Precision Drilling doesn't provide an income stream by paying out dividends.
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Step 5: Place your PDS buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually the best for newer investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount limit, place a limit order.
Click the Open button and eToro will place the order.
If you want more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your PDS position
Now that you own some shares in PDS, you'll want to keep up with your investment.
Put PDS on a watchlist to track the latest developments regarding your PDS stock.
PDS Feed
How to Buy Stock in Precision Drilling
To summarize, here are the 6 steps for buying Precision Drilling stock:
- Choose where to buy Precision Drilling stock
- Open your brokerage account
- Deposit funds into your investment account
- Analyze Precision Drilling stock
- Place your PDS buy order
- Get the latest scoop on your PDS position
If you need a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Precision Drilling, create your watchlist below.
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