Raymond James Financial Weighs in on Trinidad Drilling Ltd.’s FY2018 Earnings (TDG)
Trinidad Drilling Ltd. (TSE:TDG) – Analysts at Raymond James Financial upped their FY2018 earnings estimates for Trinidad Drilling in a research report issued on Friday. Raymond James Financial analyst A. Bradford now anticipates that the firm will post earnings of $0.16 per share for the year, up from their prior estimate of $0.10.
Other equities analysts have also issued reports about the stock. National Bank Financial raised shares of Trinidad Drilling from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Tuesday, June 28th. FirstEnergy Capital raised shares of Trinidad Drilling from an “outperform” rating to a “top pick” rating in a report on Tuesday, July 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$4.00 price target on shares of Trinidad Drilling in a report on Monday, October 3rd. Paradigm Capital reaffirmed a “buy” rating and issued a C$3.00 price target on shares of Trinidad Drilling in a report on Tuesday, June 28th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a C$2.00 price target on shares of Trinidad Drilling in a report on Tuesday, June 28th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of C$3.40.
Trinidad Drilling (TSE:TDG) opened at 2.72 on Monday. The company’s market capitalization is $604.08 million. The company has a 50-day moving average price of $2.56 and a 200-day moving average price of $2.37. Trinidad Drilling has a one year low of $1.41 and a one year high of $3.00.
Trinidad Drilling Company Profile
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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