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Precision Drilling ( (TSE:PD) ) has provided an announcement.
Precision Drilling announced it met its 2025 capital allocation objectives, including reducing debt by $101 million, ending the year with approximately $85 million in cash and $447 million in total available liquidity, and returning $76 million to shareholders through share repurchases that cut its share count by 6%. The company highlighted progress toward its longer-term goal of repaying $700 million of debt between 2022 and 2027 and lowering its Net Debt to Adjusted EBITDA ratio below 1.0 times, noting that it has already reduced debt by $535 million over four years and significantly lowered annual interest expense, with plans to further deleverage and increase buybacks in 2026. Operationally, Precision reported strong demand in Canada for its Super Series rigs and technology and environmental offerings, with high winter utilization, while U.S. activity remained steady amid a recovering natural gas rig market; the company also moved to streamline its fleet by decommissioning 31 underutilized rigs and recording non-cash asset charges tied to aging equipment, signaling an ongoing shift toward more advanced, higher-margin drilling assets.
The most recent analyst rating on (TSE:PD) stock is a Buy with a C$81.00 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 score is driven by strong technical momentum and positive earnings call sentiment, despite valuation concerns and financial performance challenges. The company’s strategic initiatives and operational efficiency support a favorable outlook, but overbought technical indicators and high P/E ratio suggest caution.
To see Spark’s full report on TSE:PD stock, click here.
More about Precision Drilling
Precision Drilling Corporation is a North American contract drilling and oilfield services provider serving primarily the Canadian and U.S. energy markets. The company focuses on high-specification Super Series drilling rigs, technology-enabled services such as its Alpha platform, and environmental solutions under its EverGreen brand to support complex drilling programs for oil and natural gas producers.
Average Trading Volume: 85,755
Technical Sentiment Signal: Buy
Current Market Cap: C$1.28B
Find detailed analytics on PD stock on TipRanks’ Stock Analysis page.