Xtreme Drilling (TSE:XDC) Given a C$2.26 Price Target at National Bank Financial

National Bank Financial set a C$2.26 target price on Xtreme Drilling (TSE:XDC) in a research report sent to investors on Wednesday, September 12th. The brokerage currently has a tender rating on the stock.

Separately, Cormark downgraded Xtreme Drilling from a market perform rating to a tender rating and cut their price target for the stock from C$2.50 to C$2.30 in a research report on Wednesday, June 6th.

Shares of TSE XDC traded down C$0.12 during mid-day trading on Wednesday, hitting C$1.90. The stock had a trading volume of 24,700 shares, compared to its average volume of 26,004. Xtreme Drilling has a twelve month low of C$1.82 and a twelve month high of C$2.40.

Xtreme Drilling (TSE:XDC) last released its earnings results on Tuesday, August 14th. The company reported C($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.02) by C($0.08). Xtreme Drilling had a negative net margin of 63.43% and a negative return on equity of 17.99%. The firm had revenue of C$23.37 million during the quarter, compared to analyst estimates of C$25.15 million.

Xtreme Drilling Company Profile

Xtreme Drilling Corp., together with its subsidiaries, provides onshore drilling services in the United States. It designs, assembles, and operates a fleet of onshore drilling rigs that features proprietary technology, including modular transportation systems and continuous integration of in-house advances in methodologies.

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