Q4 2018 EPS Estimates for Trinidad Drilling Ltd. (TDG) Reduced by Analyst
Trinidad Drilling Ltd. (TSE:TDG) – Investment analysts at Cormark reduced their Q4 2018 EPS estimates for shares of Trinidad Drilling in a note issued to investors on Tuesday. Cormark analyst J. Zhang now anticipates that the company will earn $0.00 per share for the quarter, down from their prior estimate of $0.01.
A number of other analysts have also weighed in on TDG. Royal Bank Of Canada reissued an “outperform” rating and issued a C$4.00 price target on shares of Trinidad Drilling in a report on Wednesday, June 21st. BMO Capital Markets raised shares of Trinidad Drilling from a “market perform” rating to an “outperform” rating and set a C$3.00 price target on the stock in a report on Thursday, August 3rd. Raymond James Financial, Inc. decreased their price target on shares of Trinidad Drilling from C$3.80 to C$2.80 and set a “speculative buy” rating on the stock in a report on Tuesday, August 22nd. Canaccord Genuity decreased their price target on shares of Trinidad Drilling from C$3.50 to C$2.50 in a report on Tuesday, July 11th. Finally, National Bank Financial decreased their price target on shares of Trinidad Drilling from C$3.25 to C$2.60 in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$3.38.
Trinidad Drilling (TSE TDG) traded down 2.40% during mid-day trading on Wednesday, reaching $1.63. The company had a trading volume of 91,156 shares. Trinidad Drilling has a 12 month low of $1.55 and a 12 month high of $3.77. The firm’s 50-day moving average price is $1.72 and its 200-day moving average price is $2.11. The stock’s market cap is $439.36 million.
About Trinidad Drilling
Trinidad Drilling Ltd. designs, builds, and operates drilling rigs for the oil and gas industry primarily in Canada, the United States, and internationally. It provides land drilling services. As of December 31, 2016, the company operated 72 rigs in Canada; and 67 rigs in the United States and internationally.
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