Trinidad Drilling (TDG) Releases Quarterly Earnings, Misses Estimates By $0.09 EPS
Trinidad Drilling (TSE:TDG) released its earnings data on Friday. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.05 by $0.09, Stock Ratings Network.com reports.
TDG has been the subject of a number of recent research reports. Analysts at Canaccord Genuity cut their price target on shares of Trinidad Drilling from C$15.00 to C$14.00 in a research note on Thursday. They now have a “buy” rating on the stock. On a related note, analysts at TD Securities cut their price target on shares of Trinidad Drilling from C$16.00 to C$14.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Scotiabank reiterated an “outperform” rating on shares of Trinidad Drilling in a research note on Thursday. They now have a C$16.00 price target on the stock. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$13.68.
Shares of Trinidad Drilling (TSE:TDG) opened at 10.01 on Friday. Trinidad Drilling has a 52 week low of $8.87 and a 52 week high of $12.89. The stock’s 50-day moving average is $11.59 and its 200-day moving average is $11.32. The company has a market cap of $1.383 billion and a P/E ratio of 20.88.
Trinidad Drilling Ltd. (TSE:TDG) is engaged in providing modern, reliable designed equipment operated by trained and experienced personnel.
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