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An update from Precision Drilling ( (TSE:PD) ) is now available.
Precision Drilling Corporation, a major oilfield services contractor, provides high-performance drilling services to the energy sector through its Super Series rig fleet and Alpha digital automation platform, while reinforcing its environmental commitments via its EverGreen solutions suite. The company also supplies well service rigs, rental equipment, camps, and technical support, giving energy producers a full-service operational partner.
The company’s common shares have been approved for dual listing on NYSE Texas, a fully electronic equities exchange based in Dallas that launched in 2025, while retaining Precision’s primary listing on the New York Stock Exchange under the PDS ticker. Precision’s shares will begin trading on NYSE Texas on March 2, 2026, and will continue to trade on the Toronto Stock Exchange under the PD symbol, a move that broadens the firm’s U.S. market access and could enhance liquidity and visibility among investors focused on the energy and drilling sector.
The most recent analyst rating on (TSE:PD) stock is a Hold with a C$129.00 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 Neutral.
The score is supported by strong technical momentum and improved financial health (better profitability and lower leverage versus prior years). Offsetting this are inconsistent bottom-line results (near break-even net income in 2025) and weak/unclear valuation signals due to a highly negative P/E and no dividend yield data.
To see Spark’s full report on TSE:PD stock, click here.
More about Precision Drilling
Precision Drilling Corporation is a leading oilfield services provider to the energy industry, specializing in high-performance, high-value drilling operations supported by an extensive fleet of Super Series drilling rigs. The company complements its core drilling services with its Alpha digital technology platform for automated, data-driven drilling, as well as EverGreen environmental solutions, well service rigs, rental equipment, camps, and comprehensive technical support.
Precision focuses on delivering safe and environmentally responsible services that improve efficiency and predictability for energy producers across its operating regions. Its integrated offering, combining advanced automation, environmental technologies, and skilled personnel, positions the company as a key contractor for operators seeking to optimize drilling performance while reducing environmental impact.
Average Trading Volume: 90,389
Technical Sentiment Signal: Buy
Current Market Cap: C$1.55B
For an in-depth examination of PD stock, go to TipRanks’ Overview page.