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Last C$4.15 CAD
Change Today -0.10 / -2.35%
Volume 1.2M
TDG On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 4:00 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

trinidad drilling ltd (TDG) Snapshot

Open
C$4.21
Previous Close
C$4.25
Day High
C$4.24
Day Low
C$4.10
52 Week High
06/13/14 - C$12.89
52 Week Low
03/16/15 - C$3.81
Market Cap
553.7M
Average Volume 10 Days
1.2M
EPS TTM
C$0.41
Shares Outstanding
133.4M
EX-Date
03/27/15
P/E TM
10.0x
Dividend
C$0.20
Dividend Yield
4.82%
Current Stock Chart for TRINIDAD DRILLING LTD (TDG)

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trinidad drilling ltd (TDG) Details

Trinidad Drilling Ltd. provides land and barge drilling, and coring services to the oil and natural gas industry in North America. It also designs, manufactures, refurbishes, and upgrades land-based drilling rigs and related equipment. As of December 31, 2013, the company operated 61 land drilling rigs and 15 coring and surface rigs in Canada; 61 land drilling rigs in the United States; 5 barge drilling rigs that operate in the shallow waters of the Gulf of Mexico; and 3 drilling rigs in Mexico. The company was founded in 1996 and is headquartered in Calgary, Canada.

Founded in 1996

trinidad drilling ltd (TDG) Top Compensated Officers

Chief Executive Officer, Non Independent Dire...
Total Annual Compensation: C$600.0K
President
Total Annual Compensation: C$356.0K
Chief Financial Officer
Total Annual Compensation: C$280.0K
Chief Operating Officer of US and Internation...
Total Annual Compensation: C$302.0K
Compensation as of Fiscal Year 2013.

trinidad drilling ltd (TDG) Key Developments

Trinidad Drilling Ltd. Declares Cash Dividend for the First Quarter of 2015 Payable on April 15, 2015

The Board of Directors of Trinidad Drilling Ltd. has declared a cash dividend for the first quarter of 2015 of $0.05 per common share to be paid April 15, 2015 to shareholders of record on March 31, 2015.

Trinidad Drilling Ltd. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Impairment of Property and Equipment for the Fourth Quarter Ended December 31, 2014; Provides Provides CapEx Guidance for the Full Year of 2015

Trinidad Drilling Ltd. reported consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenues of $276,346,000 compared with $224,563,000 for the same period a year ago. Operating income was $93,826,000 compared with $99,607,000 for the same period a year ago. EBITDA was $21,308,000 or $0.15 per diluted share compared with $81,246,000 or $0.65 per diluted share for the same period a year ago. Adjusted EBITDA was $77,341,000 or $0.56 per diluted share compared with $83,830,000 or $0.67 per diluted share for the same period a year ago. Cash provided by operations was $5,857,000 or $0.04 per basic and diluted share compared with $102,905,000 or $0.83 per basic and diluted share for the same period a year ago. Funds provided by operations was $79,277,000 or $0.58 per basic and diluted share compared with $83,328,000 or $0.67 per basic and diluted share for the same period a year ago. Net loss was $13,507,000 or $0.10 per basic and diluted share compared with net earnings of $28,690,000 or $0.23 per basic and diluted share for the same period a year ago. Adjusted net earnings were $23,565,000 or $0.17 per basic and diluted share compared with $31,221,000 or $0.25 per basic and diluted share for the same period a year ago. Capital expenditures were $73,401,000 compared with $39,791,000 for the same period a year ago. For the full year, the company reported revenues of $941,334,000 compared with $845,888,000 for the same period a year ago. Operating income was $315,159,000 compared with $329,807,000 for the same period a year ago. EBITDA was $175,215,000 or $1.27 per diluted share compared with $255,221,000 or $2.09 per diluted share for the same period a year ago. Adjusted EBITDA was $252,046,000 or $1.82 per diluted share compared with $270,445,000 or $2.21 per diluted share for the same period a year ago. Cash provided by operations was $156,519,000 or $1.13 per basic and diluted share compared with $299,013,000 or $2.45 per basic and diluted share for the same period a year ago. Funds provided by operations was $216,793,000 or $1.57 per basic and diluted share compared with $231,135,000 or $1.89 per basic and diluted share for the same period a year ago. Net earnings were $6,596,000 or $0.05 per basic and diluted share compared with $70,952,000 or $0.58 per basic and diluted share for the same period a year ago. Adjusted net earnings were $60,356,000 or $0.44 per basic and diluted share compared with $84,835,000 or $0.69 per basic and diluted share for the same period a year ago. Capital expenditures were $276,674,000 compared with $90,260,000 for the same period a year ago. Earnings before income taxes was $10,672,000 compared with $95,786,000 for the same period a year ago. Revenue was positively impacted by higher activity levels in the Canadian and US land drilling business combined with dayrates that were largely similar to the prior year, a positive foreign currency translation on Trinidad's US division, partly offset by a weaker contribution from the barge operations. The decrease in net earnings was largely driven by an impairment expense of $56.9 million recognized in the Canadian and US and international divisions, along with higher depreciation and amortization expense.  For the quarter, the company reported impairment of property and equipment of $56.9 million. The company announced 2015 capital budget, which totaled to $175 million.

Trinidad Drilling Ltd. Plans to Cut Its Workforce by 20%

Trinidad Drilling Ltd. plans to cut its workforce by 20% and reduce pay 7% across the company in response to lower oil prices. Executive salaries will be reduced by 10%.

 

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Industry Analysis

TDG

Industry Average

Valuation TDG Industry Range
Price/Earnings 80.3x
Price/Sales 0.6x
Price/Book 0.5x
Price/Cash Flow 3.9x
TEV/Sales NM Not Meaningful
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