TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from Precision Drilling ( (TSE:PD) ).
On August 7, 2025, Precision Drilling Corporation entered into a First Amending Agreement to modify its Second Amended and Restated Credit Agreement. The amendments include extending the maturity dates for its operating and syndicated facilities to October 31, 2028, for most lenders, except for the Business Development Bank of Canada and Zions Bancorporation N.A. dba Amegy Bank, which remain unchanged. These changes are expected to enhance the company’s financial flexibility and stability, potentially impacting its stakeholders positively by ensuring continued access to credit.
The most recent analyst rating on (TSE:PD) stock is a Buy with a C$74.00 price target. To see the full list of analyst forecasts on Precision Drilling stock, see the TSE:PD Stock Forecast page.
Spark’s Take on TSE:PD Stock
According to Spark, TipRanks’ AI Analyst, TSE:PD is a Outperform.
Precision Drilling’s overall stock score reflects a stable financial position with positive technical indicators and a strong earnings call. The company’s operational efficiency and improved leverage management are significant strengths, while challenges in revenue growth and cash flow management present risks. The positive market momentum and reasonable valuation further support the stock’s attractiveness.
To see Spark’s full report on TSE:PD stock, click here.
More about Precision Drilling
Precision Drilling Corporation operates in the oil and gas industry, providing drilling services and equipment. The company is focused on delivering high-performance drilling solutions to its clients, primarily in North America.
Average Trading Volume: 81,939
Technical Sentiment Signal: Buy
Current Market Cap: C$1.09B
For an in-depth examination of PD stock, go to TipRanks’ Overview page.