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


 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 210,914 shares traded hands. Trinidad Drilling Ltd. (TSE:TDG) has risen 38.80% since March 10, 2016 and is uptrending. It has outperformed by 33.19% the S&P500.
The move comes after 5 months negative chart setup for the $559.66M company. It was reported on Oct, 17 by We have $2.39 PT which if reached, will make TSE:TDG worth $27.98M less.

Trinidad Drilling Ltd. (TSE:TDG) Ratings Coverage

Out of 7 analysts covering Trinidad Drilling Ltd. (TSE:TDG), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. $6 is the highest target while $2 is the lowest. The $3.45 average target is 36.90% above today’s ($2.52) stock price. Trinidad Drilling Ltd. has been the topic of 31 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Paradigm Research on Tuesday, June 28 with “Buy”. The stock of Trinidad Drilling Ltd. (TSE:TDG) earned “Sector Perform” rating by Scotia Capital on Tuesday, June 28. As per Wednesday, November 18, the company rating was upgraded by Raymond James. The firm has “Sector Perform” rating given on Friday, October 9 by Scotia Capital. Scotia Capital maintained the stock with “Outperform” rating in Wednesday, August 5 report.

More important recent Trinidad Drilling Ltd. (TSE:TDG) news were published by: which released: “Trinidad Drilling Ltd. Announces Amendments to Its Credit Facility and Debt …” on June 27, 2016, also published article titled: “Trinidad Drilling Ltd. and CanElson Drilling Inc. merger gives scale in …”, published: “Trinidad Drilling Ltd.” on November 02, 2011. More interesting news about Trinidad Drilling Ltd. (TSE:TDG) was released by: and their article: “Trinidad Drilling Ltd. Potential Takeover And Halliburton/Baker Hughes’ Role” with publication date: November 26, 2014.

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 $559.66 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.

TDG Company Profile

TransDigm Group Incorporated (TransDigm), incorporated on July 8, 2003, is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Firm operates through three divisions: Power & Control, Airframe and Non-aviation. The Firm designs, produces and supplies aerospace components (and certain systems/subsystems) with aftermarket content. The Firm focuses to develop customized products to solve specific needs for aircraft operators and manufacturers. The Firm maintains approximately 50 manufacturing facilities.

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