Trinidad Drilling Ltd. (TDG) Receives C$3.38 Average Target Price from Brokerages

Trinidad Drilling Ltd. (TSE:TDG) has received an average rating of “Buy” from the nine analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$3.38.

Several equities analysts have weighed in on the company. Canaccord Genuity dropped their price objective on Trinidad Drilling from C$3.50 to C$2.50 in a research note on Tuesday, July 11th. Royal Bank Of Canada restated an “outperform” rating and set a C$4.00 price objective on shares of Trinidad Drilling in a research note on Wednesday, June 21st. National Bank Financial decreased their target price on Trinidad Drilling from C$3.25 to C$2.60 in a research report on Thursday, August 3rd. BMO Capital Markets raised Trinidad Drilling from a “market perform” rating to an “outperform” rating and set a C$3.00 target price for the company in a research report on Thursday, August 3rd. Finally, Raymond James Financial, Inc. decreased their target price on Trinidad Drilling from C$3.80 to C$2.80 and set a “speculative buy” rating for the company in a research report on Tuesday, August 22nd.

Shares of Trinidad Drilling (TSE:TDG) traded up 1.80% during trading on Tuesday, reaching $1.70. 476,487 shares of the company were exchanged. Trinidad Drilling has a one year low of $1.52 and a one year high of $3.77. The company’s market capitalization is $458.23 million. The firm’s 50 day moving average price is $1.65 and its 200 day moving average price is $2.04.

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Trinidad Drilling Company Profile

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.

Analyst Recommendations for Trinidad Drilling (TSE:TDG)

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