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An announcement from Precision Drilling ( (TSE:PD) ) is now available.
On September 11, 2025, Precision Drilling Corporation announced that the Toronto Stock Exchange approved the renewal of its normal course issuer bid (NCIB), allowing the company to repurchase up to 1,251,850 common shares, approximately 10% of its public float, for cancellation. This move is intended to enhance the value of its shares and will be funded from available resources. The NCIB will commence on September 19, 2025, and may continue until September 18, 2026. The company has also planned to implement an automatic securities purchase plan to facilitate share purchases during blackout periods. This strategic decision is expected to positively impact Precision’s market positioning and shareholder value.
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 is a leading provider of high-performance, high-value services to the energy industry. The company offers an extensive fleet of Super Series drilling rigs and has commercialized a digital technology portfolio known as Alpha, which uses advanced automation software and analytics. Precision also provides well service rigs, camps, and rental equipment, supported by technical support services and skilled personnel. The company is committed to reducing environmental impact through its EverGreen suite of environmental solutions.
Average Trading Volume: 82,941
Technical Sentiment Signal: Buy
Current Market Cap: C$1.08B
See more data about PD stock on TipRanks’ Stock Analysis page.