Trinidad Drilling Ltd. (TDG) Scheduled to Post Earnings on Tuesday
Trinidad Drilling Ltd. (TSE:TDG) will post its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect Trinidad Drilling to post earnings of C($0.05) per share for the quarter.
Shares of Trinidad Drilling Ltd. (TSE TDG) opened at 1.49 on Tuesday. The company’s market cap is $401.63 million. The company has a 50 day moving average price of $1.72 and a 200 day moving average price of $1.92. Trinidad Drilling Ltd. has a one year low of $1.46 and a one year high of $3.77.
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A number of equities research analysts have weighed in on the company. National Bank Financial decreased their price objective on Trinidad Drilling from C$3.25 to C$2.60 in a report on Thursday, August 3rd. CIBC decreased their price objective on Trinidad Drilling from C$2.75 to C$2.50 in a report on Friday. Canaccord Genuity downgraded Trinidad Drilling from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$2.50 to C$1.90 in a report on Wednesday, August 2nd. BMO Capital Markets raised Trinidad Drilling from a “market perform” rating to an “outperform” rating and set a C$3.00 price objective on the stock in a report on Thursday, August 3rd. Finally, Raymond James Financial, Inc. decreased their price objective on Trinidad Drilling from C$3.80 to C$2.80 and set a “speculative buy” rating on the stock in a report on Tuesday, August 22nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$3.04.
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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