Trinidad Drilling Given Average Rating of “Buy” by Brokerages (TSE:TDG)
Shares of Trinidad Drilling (TSE:TDG) have earned a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the stock, AnalystRatingsNetwork.com reports. Eight equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$13.91.
Shares of Trinidad Drilling (TSE:TDG) traded down 4.50% during mid-day trading on Thursday, hitting $9.97. The stock had a trading volume of 680,537 shares. Trinidad Drilling has a one year low of $8.87 and a one year high of $12.89. The stock has a 50-day moving average of $11. and a 200-day moving average of $11.33. The company has a market cap of $1.378 billion and a P/E ratio of 20.88.
Trinidad Drilling (TSE:TDG) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.04. On average, analysts predict that Trinidad Drilling will post $0.61 earnings per share for the current fiscal year.
TDG has been the subject of a number of recent research reports. Analysts at National Bank Financial cut their price target on shares of Trinidad Drilling from C$14.50 to C$13.50 in a research note on Thursday. Analysts at CIBC cut their price target on shares of Trinidad Drilling from C$16.00 to C$15.00 in a research note on Monday, May 12th. They now have a “sector outperform” rating on the stock.
Trinidad Drilling Ltd. (TSE:TDG) is engaged in providing modern, reliable designed equipment operated by trained and experienced personnel.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.