Trinidad Drilling Ltd. (TDG) Downgraded by National Bank Financial

National Bank Financial lowered shares of Trinidad Drilling Ltd. (TSE:TDG) from an outperform market weight rating to a sector perform overweight rating in a report published on Thursday morning.

Several other research analysts also recently commented on TDG. Canaccord Genuity downgraded Trinidad Drilling from a buy rating to a hold rating and dropped their price target for the stock from C$2.50 to C$1.90 in a research report on Wednesday, August 2nd. BMO Capital Markets raised Trinidad Drilling from a market perform rating to an outperform rating and set a C$3.00 price target on the stock in a research report on Thursday, August 3rd. Raymond James Financial, Inc. dropped their price target on Trinidad Drilling from C$3.80 to C$2.80 and set a speculative buy rating on the stock in a research report on Tuesday, August 22nd. Royal Bank of Canada dropped their price target on Trinidad Drilling from C$3.50 to C$3.00 and set an outperform rating on the stock in a research report on Friday, October 6th. Finally, CIBC lowered their price objective on Trinidad Drilling from C$2.75 to C$2.50 in a research report on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of C$2.46.

Trinidad Drilling (TDG) opened at C$1.63 on Thursday. Trinidad Drilling has a 1 year low of C$1.43 and a 1 year high of C$3.77.

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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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