Trinidad Drilling Ltd. Can’t Burn Your Short Portfolio. Has Another Weak Session

 Trinidad Drilling Ltd. Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of Trinidad Drilling Ltd. (TSE:TDG) is a huge mover today! About 103,663 shares traded hands. Trinidad Drilling Ltd. (TSE:TDG) has risen 60.61% since March 24, 2016 and is uptrending. It has outperformed by 57.13% the S&P500.
The move comes after 8 months negative chart setup for the $573.16M company. It was reported on Oct, 31 by Barchart.com. We have $2.48 PT which if reached, will make TSE:TDG worth $28.66M 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. Trinidad Drilling Ltd. has been the topic of 31 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, June 28 by Scotia Capital. Paradigm Research maintained Trinidad Drilling Ltd. (TSE:TDG) rating on Tuesday, June 28. Paradigm Research has “Buy” rating and $3 price target. The rating was upgraded by Raymond James on Wednesday, November 18 to “Strong Buy”. The firm has “Sector Perform” rating by Scotia Capital given on Friday, October 9. Scotia Capital maintained the shares of TDG in a report on Wednesday, August 5 with “Outperform” rating.

More recent Trinidad Drilling Ltd. (TSE:TDG) news were published by: Marketwired.com which released: “Trinidad Drilling Ltd. Announces Amendments to Its Credit Facility and Debt …” on June 27, 2016. Also Business.Financialpost.com published the news titled: “Trinidad Drilling Ltd. and CanElson Drilling Inc. merger gives scale in …” on June 11, 2015. Seekingalpha.com‘s news article titled: “Trinidad Drilling Ltd. Potential Takeover And Halliburton/Baker Hughes’ Role” with publication date: November 26, 2014 was also an interesting one.

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 $573.16 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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