Could Trinidad Drilling Ltd. See a Reversal After This Very Weak Session?


The stock of Trinidad Drilling Ltd. (TSE:TDG) is a huge mover today! About 130,697 shares traded hands. Trinidad Drilling Ltd. (TSE:TDG) has risen 51.48% since February 5, 2016 and is uptrending. It has outperformed by 34.99% the S&P500.
The move comes after 5 months negative chart setup for the $539.67 million company. It was reported on Sep, 13 by We have $2.28 PT which if reached, will make TSE:TDG worth $32.38M less.

Out of 8 analysts covering Trinidad Drilling Ltd. (TSE:TDG), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. Trinidad Drilling Ltd. has been the topic of 23 analyst reports since September 23, 2015 according to StockzIntelligence Inc.

Trinidad Drilling Ltd. is a Canada-based company, which operates in the drilling sector of the North American oil and natural gas industry, with activities in Canada and the United States. The company has a market cap of $539.67 million. The Firm operates through five divisions, which include Canadian Operations, US and International Operations, Manufacturing Operations, Joint Venture Operations and Corporate. It currently has negative earnings. The Canadian Operations segment is engaged in providing land drilling services to the Canadian gas and oil industry.

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