Research Analysts Set Expectations for Trinidad Drilling Ltd.’s FY2018 Earnings (TDG)

Trinidad Drilling Ltd. (TSE:TDG) – Stock analysts at Clarus Securities issued their FY2018 earnings per share estimates for shares of Trinidad Drilling in a report issued on Friday. Clarus Securities analyst S. Kammermayer anticipates that the firm will post earnings per share of ($0.12) for the year.

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

Other analysts also recently issued research reports about the company. BMO Capital Markets boosted their price objective on Trinidad Drilling from C$3.00 to C$3.75 in a research report on Tuesday, January 10th. Canaccord Genuity boosted their price objective on Trinidad Drilling from C$4.00 to C$4.50 in a research report on Tuesday, January 10th. RBC Capital Markets boosted their price objective on Trinidad Drilling from C$4.00 to C$5.00 in a research report on Friday, December 16th. Royal Bank Of Canada boosted their price objective on Trinidad Drilling from C$4.00 to C$5.00 in a research report on Friday, December 16th. Finally, TD Securities lowered their price objective on Trinidad Drilling from C$3.25 to C$3.00 and set a “buy” rating for the company in a research report on Friday, November 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$3.74.

Shares of Trinidad Drilling (TSE:TDG) opened at 2.85 on Monday. The stock’s 50 day moving average is $3.19 and its 200 day moving average is $2.75. Trinidad Drilling has a 12 month low of $1.47 and a 12 month high of $3.77. The firm’s market cap is $632.95 million.

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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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