FY2017 Earnings Estimate for Trinidad Drilling Ltd. Issued By Cormark (TDG)

Trinidad Drilling Ltd. (TSE:TDG) – Equities researchers at Cormark lifted their FY2017 earnings per share estimates for shares of Trinidad Drilling in a research note issued to investors on Thursday. Cormark analyst J. Zhang now anticipates that the company will post earnings per share of ($0.17) for the year, up from their previous 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.

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A number of other equities research analysts have also recently commented on TDG. Royal Bank Of Canada lowered their target price on Trinidad Drilling from C$4.50 to C$4.00 and set an “outperform” rating on the stock in a report on Wednesday, May 3rd. Scotiabank increased their target price on Trinidad Drilling from C$4.25 to C$4.50 and gave the company an “outperform” rating in a report on Wednesday, May 3rd. BMO Capital Markets lowered their target price on Trinidad Drilling from C$3.75 to C$3.00 and set a “market perform” rating on the stock in a report on Thursday, May 11th. Canaccord Genuity lowered their target price on Trinidad Drilling from C$3.50 to C$2.50 in a report on Tuesday, July 11th. Finally, National Bank Financial lowered their target price on Trinidad Drilling from C$3.25 to C$2.60 in a report on Thursday, August 3rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$3.54.

Trinidad Drilling (TSE TDG) opened at 1.65 on Monday. Trinidad Drilling has a 12 month low of $1.61 and a 12 month high of $3.77. The stock’s market cap is $460.60 million. The company’s 50-day moving average price is $1.89 and its 200-day moving average price is $2.32.

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.

Earnings History and Estimates for Trinidad Drilling (TSE:TDG)

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