National Bank Financial upgraded shares of Trinidad Drilling Ltd. (TSE:TDG) from a sector perform under weight rating to an outperfrom under weight rating in a research note published on Thursday morning.
Other equities analysts also recently issued reports about the company. BMO Capital Markets raised their price objective on Trinidad Drilling from C$3.00 to C$3.75 in a research note on Tuesday, January 10th. Canaccord Genuity raised their price objective on Trinidad Drilling from C$4.00 to C$4.50 in a research note on Tuesday, January 10th. Royal Bank of Canada raised their price objective on Trinidad Drilling from C$4.00 to C$5.00 in a research note on Friday, December 16th. CIBC lowered their target price on Trinidad Drilling from C$4.50 to C$4.25 in a report on Friday, March 3rd. Finally, TD Securities lowered their target price on Trinidad Drilling from C$4.25 to C$4.00 and set a buy rating on the stock in a report on Friday, February 10th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Trinidad Drilling currently has a consensus rating of Buy and an average price target of C$3.69.
Shares of Trinidad Drilling (TSE:TDG) opened at 2.24 on Thursday. The company has a 50 day moving average price of $2.63 and a 200 day moving average price of $2.76. Trinidad Drilling has a 12-month low of $1.53 and a 12-month high of $3.77. The stock’s market cap is $603.79 million.
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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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