Trinidad Drilling Ltd. to Post Q2 2018 Earnings of ($0.05) Per Share, National Bank Financial Forecasts (TDG)

Trinidad Drilling Ltd. (TSE:TDG) – Research analysts at National Bank Financial raised their Q2 2018 earnings per share (EPS) estimates for shares of Trinidad Drilling in a report issued on Tuesday. National Bank Financial analyst G. Colman now expects that the company will earn ($0.05) per share for the quarter, up from their previous forecast of ($0.06). National Bank Financial currently has a “Sector Perform Overweight” rating on the stock. National Bank Financial also issued estimates for Trinidad Drilling’s Q4 2018 earnings at ($0.04) EPS and FY2018 earnings at ($0.21) EPS.

Other equities research analysts also recently issued reports about the stock. Scotiabank downgraded shares of Trinidad Drilling from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$3.25 to C$2.50 in a research note on Friday, November 10th. CIBC lowered their price objective on shares of Trinidad Drilling from C$2.75 to C$2.50 in a research note on Friday, October 20th. TD Securities downgraded shares of Trinidad Drilling from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$2.25 to C$2.00 in a research note on Thursday, November 9th. Raymond James Financial lifted their price objective on shares of Trinidad Drilling from C$2.35 to C$2.55 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Royal Bank of Canada lowered their price objective on shares of Trinidad Drilling from C$3.50 to C$3.00 and set an “outperform” rating for the company in a research note on Friday, October 6th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$2.43.

Trinidad Drilling (TSE:TDG) traded up C$0.16 during trading hours on Friday, hitting C$1.90. 1,830,180 shares of the stock traded hands, compared to its average volume of 844,387. Trinidad Drilling has a 1-year low of C$1.43 and a 1-year high of C$3.56. The firm has a market capitalization of $519.57, a P/E ratio of -6.79 and a beta of 1.39.

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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.

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