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Precision Drilling ( (TSE:PD) ) has issued an announcement.
In its 2024 financial results, Precision Drilling announced a decrease in fourth-quarter revenue by 8% compared to 2023, primarily due to lower activity in the U.S., despite increased operations in Canada and internationally. The company invested significantly in fleet and infrastructure upgrades and plans to continue debt reduction and shareholder returns in 2025, highlighting strong market resilience, particularly in Canadian and international operations, despite weaker U.S. customer demand.
More about Precision Drilling
Precision Drilling is a company operating in the energy sector, primarily focusing on drilling and well servicing. It serves markets in Canada, the United States, and internationally, providing specialized equipment and services for oil and gas extraction and infrastructure development.
YTD Price Performance: -9.67%
Average Trading Volume: 73,361
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $803M
For an in-depth examination of PD stock, go to TipRanks’ Stock Analysis page.
