Trinidad Drilling Ltd. (TSE:TDG) to Release Earnings on Tuesday
Trinidad Drilling Ltd. (TSE:TDG) is set to post its quarterly earnings results after the market closes on Tuesday, August 1st. Analysts expect Trinidad Drilling to post earnings of ($0.07) per share for the quarter.
Trinidad Drilling Ltd. (TDG) traded down 3.14% during trading on Thursday, reaching $1.85. The company’s stock had a trading volume of 239,141 shares. Trinidad Drilling Ltd. has a 52 week low of $1.74 and a 52 week high of $3.77. The firm has a 50 day moving average of $1.92 and a 200 day moving average of $2.37. The stock’s market capitalization is $498.66 million.
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Several research firms have issued reports on TDG. Canaccord Genuity decreased their price target on shares of Trinidad Drilling from C$3.50 to C$2.50 in a research report on Tuesday, July 11th. Royal Bank Of Canada restated an “outperform” rating and issued a C$4.00 price target on shares of Trinidad Drilling in a research report on Wednesday, June 21st. BMO Capital Markets decreased their price target on shares of Trinidad Drilling from C$3.75 to C$3.00 and set a “market perform” rating on the stock in a research report on Thursday, May 11th. Finally, Scotiabank lifted their price target on shares of Trinidad Drilling from C$4.25 to C$4.50 and gave the stock an “outperform” rating in a research report on Wednesday, May 3rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Trinidad Drilling presently has an average rating of “Buy” and a consensus price target of C$3.70.
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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