Trinidad Drilling Ltd. (TDG) Receives Consensus Rating of “Buy” from Brokerages

Shares of Trinidad Drilling Ltd. (TSE:TDG) have earned a consensus recommendation of “Buy” from the nine research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$2.54.

TDG has been the subject of a number of research reports. CIBC lifted their price objective on shares of Trinidad Drilling from C$2.25 to C$2.50 in a report on Tuesday, January 23rd. GMP Securities lifted their price objective on shares of Trinidad Drilling from C$2.00 to C$2.25 in a report on Thursday, January 18th. Canaccord Genuity dropped their price objective on shares of Trinidad Drilling from C$2.10 to C$2.00 in a report on Tuesday. TD Securities upgraded shares of Trinidad Drilling from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$2.00 to C$2.50 in a report on Tuesday, January 30th. Finally, Raymond James Financial dropped their price objective on shares of Trinidad Drilling from C$2.75 to C$2.55 and set an “outperform” rating for the company in a report on Tuesday, January 30th.

Shares of Trinidad Drilling (TSE TDG) opened at C$1.58 on Friday. Trinidad Drilling has a 12-month low of C$1.43 and a 12-month high of C$2.95. The firm has a market cap of $432.06, a PE ratio of -5.64 and a beta of 1.37.

Trinidad Drilling (TSE:TDG) last announced its quarterly earnings results on Wednesday, November 8th. The company reported C($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.07) by C($0.09). Trinidad Drilling had a negative net margin of 34.40% and a negative return on equity of 13.57%. The company had revenue of C$129.81 million for the quarter, compared to analyst estimates of C$133.20 million.

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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.

Analyst Recommendations for Trinidad Drilling (TSE:TDG)

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