Shares of Trinidad Drilling Ltd. (TSE:TDG) have received an average recommendation of “Buy” from the twelve analysts that are covering the company. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$3.11.
Several research analysts have commented on the company. FirstEnergy Capital upgraded Trinidad Drilling from an “outperform” rating to a “top pick” rating in a report on Tuesday, July 12th. Scotiabank restated a “sector perform” rating and set a C$2.00 price objective on shares of Trinidad Drilling in a report on Tuesday, June 28th. National Bank Financial upgraded Trinidad Drilling from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Tuesday, June 28th. TD Securities reduced their price objective on Trinidad Drilling from C$3.50 to C$3.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Finally, Raymond James Financial Inc. raised their price objective on Trinidad Drilling from C$3.40 to C$3.75 in a report on Friday.
Trinidad Drilling (TSE:TDG) opened at 2.72 on Monday. The stock has a 50 day moving average price of $2.56 and a 200 day moving average price of $2.37. The stock’s market cap is $604.08 million. Trinidad Drilling has a 1-year low of $1.41 and a 1-year high of $2.97.
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.
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