Equities Analysts Issue Forecasts for Trinidad Drilling Ltd.’s Q3 2018 Earnings (TDG)
Trinidad Drilling Ltd. (TSE:TDG) – Investment analysts at Cormark issued their Q3 2018 earnings per share (EPS) estimates for Trinidad Drilling in a report released on Monday. Cormark analyst J. Zhang anticipates that the company will post earnings per share of ($0.01) for the quarter.
Several other equities research analysts have also recently issued reports on TDG. Raymond James Financial decreased their target price on shares of Trinidad Drilling from C$3.80 to C$2.80 and set a “speculative buy” rating on the stock in a research report on Tuesday, August 22nd. Royal Bank of Canada decreased their target price on shares of Trinidad Drilling from C$3.50 to C$3.00 and set an “outperform” rating on the stock in a research report on Friday, October 6th. CIBC decreased their target price on shares of Trinidad Drilling from C$2.75 to C$2.50 in a research report on Friday, October 20th. TD Securities cut shares of 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 research report on Thursday, November 9th. Finally, National Bank Financial decreased their target price on shares of Trinidad Drilling from C$2.60 to C$1.95 and set a “sector perform” rating on the stock 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’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$2.38.
Trinidad Drilling (TDG) remained flat at $C$1.48 on Tuesday. The company had a trading volume of 483,408 shares, compared to its average volume of 716,015. Trinidad Drilling has a 12 month low of C$1.43 and a 12 month high of C$3.56.
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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