Precision Drilling Outperforms Industry with Strong Q3 Results

Precision Drilling ( (TSE:PD) ) has shared an announcement.

Precision Drilling reported its 2025 third-quarter financial results, highlighting a revenue of $462 million, which, despite being a 3% decrease from the previous year, outperformed the industry average declines. The company achieved a cash flow that allowed for debt repayment and share repurchases, and it revised its capital budget upwards to $260 million. Operationally, Precision saw a decrease in Canadian rig utilization but an increase in U.S. rig activity, demonstrating resilience in a declining market. The company continues to invest in its fleet, securing customer-funded upgrades, and maintaining a strong position in key markets.

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 Neutral.

Precision Drilling’s overall score reflects a stable financial position with some challenges, particularly in revenue and cash flow trends. The positive earnings call highlights strong operational performance and future growth prospects, which are offset by mixed technical indicators. The valuation suggests the stock is fairly priced, contributing to a moderate overall score.

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 with a focus on North American markets. The company is known for its Super Series rig fleet, which is designed to meet the demands of the industry, particularly in U.S. natural gas and Canadian heavy oil and unconventional natural gas markets.

Average Trading Volume: 73,362

Technical Sentiment Signal: Buy

Current Market Cap: C$1.05B

Learn more about PD stock on TipRanks’ Stock Analysis page.