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Precision Drilling ( (TSE:PD) ) has provided an update.
Precision Drilling announced its second quarter financial results for 2025, reporting a revenue of $407 million, a slight decrease from the previous year due to lower activity in the U.S. and international markets. Despite the decline, the company maintained its 12th consecutive quarter of positive earnings and increased its capital budget to $240 million to upgrade its Super Series rigs, aiming to secure additional customer commitments and enhance revenue growth. The company also highlighted strong operational performance in Canada, with increased revenue per utilization day and new contracts, while winding down its U.S. well servicing operations.
The most recent analyst rating on (TSE:PD) stock is a Buy with a C$125.00 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 strong financial performance, particularly in profitability and cash flow, is the most significant factor in its overall score. The stock’s undervaluation further supports its attractiveness. However, inconsistent revenue growth and challenges highlighted in the earnings call, such as decreased U.S. drilling activity, present risks that temper the overall score.
To see Spark’s full report on TSE:PD stock, click here.
More about Precision Drilling
Precision Drilling Corporation operates in the energy sector, focusing on providing drilling services and equipment. The company is known for its Super Series rig fleet, which is designed to meet customer demand and drive revenue growth in the oil and gas industry.
Average Trading Volume: 90,718
Technical Sentiment Signal: Sell
Current Market Cap: C$999.5M
See more insights into PD stock on TipRanks’ Stock Analysis page.