FY2017 Earnings Estimate for Trinidad Drilling Ltd. (TDG) Issued By Cormark
Trinidad Drilling Ltd. (TSE:TDG) – Equities researchers at Cormark lifted their FY2017 EPS estimates for Trinidad Drilling in a report released on Thursday. Cormark analyst J. Zhang now anticipates that the company will post earnings of ($0.17) per share for the year, up from their prior estimate of ($0.25). Cormark also issued estimates for Trinidad Drilling’s Q1 2018 earnings at ($0.02) EPS and FY2018 earnings at ($0.05) EPS.
A number of other research analysts have also weighed in on TDG. National Bank Financial cut their target price on shares of Trinidad Drilling from C$3.25 to C$2.60 in a report on Thursday. Canaccord Genuity lowered shares of Trinidad Drilling from a “buy” rating to a “hold” rating and cut their target price for the company from C$2.50 to C$1.90 in a report on Wednesday, August 2nd. BMO Capital Markets raised shares of Trinidad Drilling from a “market perform” rating to an “outperform” rating and set a C$3.00 target price for the company in a report on Thursday. Royal Bank Of Canada cut their target price on shares of Trinidad Drilling from C$4.50 to C$4.00 and set an “outperform” rating for the company in a report on Wednesday, May 3rd. Finally, Scotiabank raised their target price on shares of Trinidad Drilling from C$4.25 to C$4.50 and gave the company an “outperform” rating in a report on Wednesday, May 3rd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$3.54.
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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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