Clarus Securities Equities Analysts Lift Earnings Estimates for Trinidad Drilling Ltd. (TDG)
Trinidad Drilling Ltd. (TSE:TDG) – Equities researchers at Clarus Securities increased their Q2 2017 earnings per share (EPS) estimates for shares of Trinidad Drilling in a report released on Thursday. Clarus Securities analyst S. Kammermayer now expects that the company will post earnings per share of ($0.08) for the quarter, up from their prior forecast of ($0.09). Clarus Securities also issued estimates for Trinidad Drilling’s Q3 2017 earnings at ($0.05) EPS, Q4 2017 earnings at ($0.03) EPS, FY2017 earnings at ($0.21) EPS, Q3 2018 earnings at ($0.01) EPS, Q4 2018 earnings at ($0.01) EPS and FY2018 earnings at ($0.09) EPS.
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Several other research firms also recently weighed in on TDG. Scotiabank reiterated an “underperform” rating and set a C$3.25 price target on shares of Trinidad Drilling in a research note on Thursday, February 9th. Royal Bank of Canada reiterated an “outperform” rating and set a C$5.00 price target on shares of Trinidad Drilling in a research note on Friday, February 10th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a C$4.25 price target on shares of Trinidad Drilling in a research note on Wednesday, January 18th. AltaCorp Capital upgraded Trinidad Drilling from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 18th. Finally, National Bank Financial upgraded Trinidad Drilling from a “sector perform under weight” rating to an “outperfrom under weight” rating in a research note on Thursday, March 16th. One equities research analyst has rated the stock with a hold rating, six have given 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 price target of C$3.71.
Shares of Trinidad Drilling (TSE:TDG) opened at 2.31 on Monday. The firm’s market capitalization is $622.65 million. Trinidad Drilling has a one year low of $2.05 and a one year high of $3.77. The firm’s 50-day moving average is $2.32 and its 200 day moving average is $2.69.
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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