Trinidad Drilling Ltd. (TDG) Forecasted to Post Q3 2018 Earnings of ($0.01) Per Share
Trinidad Drilling Ltd. (TSE:TDG) – Equities researchers at Cormark issued their Q3 2018 earnings per share (EPS) estimates for Trinidad Drilling in a note issued to investors on Monday. Cormark analyst J. Zhang forecasts that the company will earn ($0.01) per share for the quarter.
Several other analysts have also commented on the stock. Raymond James Financial cut their target price on shares of Trinidad Drilling from C$2.80 to C$2.20 and set an “outperform” rating for the company in a research note on Wednesday, December 6th. National Bank Financial downgraded shares of Trinidad Drilling from an “outperform market weight” rating to a “sector perform overweight” rating in a research report on Thursday, November 9th. Scotiabank downgraded shares of Trinidad Drilling from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$3.25 to C$2.50 in a research report on Friday, November 10th. TD Securities downgraded shares of Trinidad Drilling from a “buy” rating to a “hold” rating and reduced their price target for the company from C$2.25 to C$2.00 in a research report on Thursday, November 9th. Finally, CIBC reduced their price target on shares of Trinidad Drilling from C$2.75 to C$2.50 in a research report on Friday, October 20th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Trinidad Drilling presently has a consensus rating of “Buy” and an average target price of C$2.38.
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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