Precision Drilling Achieves 2025 Debt Reduction Target and Updates Financial Status

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Jan 06 2026

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Precision Drilling announces a series of updates reflecting the its financial performance and disciplined capital allocation strategy, including: 1) the achievement of its 2025 debt reduction target and year end liquidity update; 2) commitment to its capital allocation framework; and 3) a financial and operational update. Carey Ford, Precision's President and CEO, commented, "Precision generated substantial free cash flow in 2025, allowing us to not only meet our debt reduction and share repurchase targets but also upgrade 27 of our Super Series rigs to meet the needs of our customers. With a durable free cash flow outlook, we plan to improve our capital returns to shareholders in 2026 by continuing to reduce debt and increasing the percentage of free cash flow returned directly to shareholders. I am proud of our people's commitment to Precision's High Performance, High Value strategy, delivering exceptional services to our customers, and increasing value for our shareholders."

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PD

$10.51+Infinity%1D

Analyst Views on PD

Wall Street analysts forecast PD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PD is 16.14 USD with a low forecast of 12.00 USD and a high forecast of 20.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

9 Analyst Rating

4 Buy

4 Hold

1 Sell

Moderate Buy

Current: 10.760

Low

12.00

Averages

16.14

High

20.00

Current: 10.760

Low

12.00

Averages

16.14

High

20.00

Truist

Buy

downgrade

$20 -> $16

2026-01-07

Reason

Truist

Price Target

$20 -> $16

AI Analysis

2026-01-07

downgrade

Buy

Reason

Truist lowered the firm's price target on PagerDuty to $16 from $20 and keeps a Buy rating on the shares. Over the past year, a clear split has emerged between AI winners and losers, with seat-based business models down an average of 34% while other companies gained 24%, the analyst tells investors in a research note. This bifurcated sentiment is expected to continue driving a valuation gap in 2026, though some of last year's underperformers may rebound, the firm says.

RBC Capital

Outperform -> Sector Perform

downgrade

$17 -> $15

2026-01-05

Reason

RBC Capital

Price Target

$17 -> $15

2026-01-05

downgrade

Outperform -> Sector Perform

Reason

RBC Capital downgraded PagerDuty to Sector Perform from Outperform with a price target of $15, down from $17. The firm believes the company's seat-based pressures are likely to persist. The incident management market will continue to consolidate and there is limited margin upside for PagerDuty in the short-term, the analyst tells investors in a research note.

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About PD

PagerDuty, Inc. is engaged in digital operations management platform that manages urgent and mission-critical work for digital business. The Company collects data and digital signals from virtually any software-enabled system or device and leverages enables machine learning to correlate, process, and predict opportunities and issues. It uses incident response, event management, and automation, the Company brings together the right people with the right information so they can resolve issues and act on opportunities in minutes or seconds from wherever they are. The PagerDuty Operations Cloud consists of PagerDuty Incident Management, AIOps, Process Automation, and Customer Service Operations. PagerDuty Incident Management provides a real-time view across the status of a digital service while incorporating intelligent noise reduction to remove false positives. PagerDuty Process Automation provides a centralized design time and run time environment for orchestrating automated workflows.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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Top News

Precision Drilling Achieves 2025 Debt Reduction Target and Updates Financial Status

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Analyst Views on PD

About PD

About the author

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