Raymond James Financial Weighs in on Trinidad Drilling Ltd.’s FY2018 Earnings (TDG)
Trinidad Drilling Ltd. (TSE:TDG) – Stock 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 forecasts that the firm will post earnings of $0.16 per share for the year, up from their prior forecast of $0.10.
A number of other equities research analysts have also recently issued reports on TDG. Paradigm Capital reiterated a “buy” rating and set a C$3.00 price objective on shares of Trinidad Drilling in a research note on Tuesday, June 28th. Scotiabank reissued a “sector perform” rating and set a C$2.00 target price on shares of Trinidad Drilling in a report on Tuesday, June 28th. National Bank Financial raised 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 Trinidad Drilling from an “outperform” rating to a “top pick” rating in a report on Tuesday, July 12th. Finally, TD Securities decreased their target price on Trinidad Drilling from C$3.50 to C$3.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of C$3.40.
Trinidad Drilling (TSE:TDG) opened at 2.72 on Monday. Trinidad Drilling has a one year low of $1.41 and a one year high of $3.00. The firm’s 50-day moving average price is $2.56 and its 200 day moving average price is $2.37. The firm’s market cap is $604.08 million.
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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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