Brokerages Set Trinidad Drilling Ltd. (TDG) PT at $3.65

Trinidad Drilling Ltd. (TSE:TDG) has received a consensus recommendation of “Buy” from the thirteen ratings firms that are presently covering the firm. Six investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$3.74.

A number of analysts have commented on TDG shares. National Bank Financial cut their price target on shares of Trinidad Drilling from C$3.75 to C$3.25 in a research report on Thursday, March 2nd. BMO Capital Markets upped their price target on shares of Trinidad Drilling from C$3.00 to C$3.75 in a research report on Tuesday, January 10th. Canaccord Genuity upped their price target on shares of Trinidad Drilling from C$4.00 to C$4.50 in a research report on Tuesday, January 10th. Royal Bank of Canada upped their price target on shares of Trinidad Drilling from C$4.00 to C$5.00 in a research report on Friday, December 16th. Finally, CIBC cut their price target on shares of Trinidad Drilling from C$4.50 to C$4.25 in a research report on Friday, March 3rd.

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Shares of Trinidad Drilling (TSE:TDG) opened at 2.24 on Thursday. The firm’s market cap is $603.79 million. Trinidad Drilling has a 52-week low of $1.53 and a 52-week high of $3.77. The company has a 50 day moving average price of $2.63 and a 200-day moving average price of $2.76.

About Trinidad Drilling

Trinidad Drilling Ltd. is a Canada-based company, which operates in the drilling sector of the North American oil and natural gas industry, with operations in Canada and the United States. The Company operates through five segments, which include Canadian Operations, US and International Operations, Manufacturing Operations, Joint Venture Operations and Corporate.

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