Cormark Comments on Xtreme Drilling Corp’s Q3 2017 Earnings (XDC)

Xtreme Drilling Corp (TSE:XDC) – Equities researchers at Cormark lowered their Q3 2017 earnings estimates for shares of Xtreme Drilling Corp in a report issued on Tuesday. Cormark analyst J. Zhang now anticipates that the company will post earnings of ($0.06) per share for the quarter, down from their previous forecast of ($0.05). Cormark also issued estimates for Xtreme Drilling Corp’s Q4 2017 earnings at $0.00 EPS, Q1 2018 earnings at ($0.01) EPS, Q2 2018 earnings at ($0.01) EPS and FY2018 earnings at ($0.01) EPS.

Several other equities analysts also recently issued reports on the stock. Seaport Global Securities downgraded shares of Xtreme Drilling Corp from a “buy” rating to a “neutral” rating in a report on Wednesday, June 21st. National Bank Financial reduced their price target on shares of Xtreme Drilling Corp from C$2.75 to C$2.50 and set a “sector perform” rating for the company in a report on Friday, August 4th.

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Shares of Xtreme Drilling Corp (TSE XDC) opened at 1.98 on Thursday. The company has a 50-day moving average of $2.06 and a 200 day moving average of $2.27. The stock’s market cap is $168.48 million. Xtreme Drilling Corp has a 52-week low of $1.95 and a 52-week high of $3.05.

About Xtreme Drilling Corp

Xtreme Drilling Corp. provides onshore drilling services in Canada and the United States. It designs, assembles, and operates a fleet of onshore high specification drilling rigs featuring proprietary technology, including modular transportation systems and continuous integration of in-house advances in methodologies.

Earnings History and Estimates for Xtreme Drilling Corp (TSE:XDC)

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