Trinidad Drilling Ltd. (TSE:TDG) – Equities researchers at Cormark lifted their Q2 2018 earnings estimates for Trinidad Drilling in a research report issued on Wednesday. Cormark analyst J. Zhang now expects that the company will post earnings of ($0.05) per share for the quarter, up from their prior estimate of ($0.06). Cormark also issued estimates for Trinidad Drilling’s FY2018 earnings at ($0.08) EPS.
TDG has been the topic of a number of other reports. Royal Bank of Canada decreased their target price on Trinidad Drilling from C$3.50 to C$3.00 and set an “outperform” rating on the stock in a report on Friday, October 6th. Raymond James Financial boosted their target price on Trinidad Drilling from C$2.20 to C$2.35 and gave the stock an “outperform” rating in a report on Monday, December 18th. TD Securities lowered Trinidad Drilling from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$2.25 to C$2.00 in a report on Thursday, November 9th. CIBC reduced their price target on Trinidad Drilling from C$2.75 to C$2.50 in a research note on Friday, October 20th. Finally, National Bank Financial cut their target price on Trinidad Drilling from C$2.60 to C$1.95 and set a “sector perform” rating for the company in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$2.43.
Trinidad Drilling (TSE TDG) traded up C$0.16 during trading hours on Friday, hitting C$1.90. The company’s stock had a trading volume of 1,830,180 shares, compared to its average volume of 844,387. The firm has a market cap of $519.57, a price-to-earnings ratio of -6.79 and a beta of 1.39. Trinidad Drilling has a 52-week low of C$1.43 and a 52-week high of C$3.56.
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About Trinidad Drilling
Trinidad Drilling Ltd. is a Canada-based company, which operates in the drilling sector of the North American oil and natural gas industry, with operations in Canada and the United States. The Company operates through five segments, which include Canadian Operations, US and International Operations, Manufacturing Operations, Joint Venture Operations and Corporate.
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