Trinidad Drilling Ltd. (TSE:TDG) had its price objective increased by analysts at Raymond James Financial Inc. from C$3.40 to C$3.75 in a research note issued to investors on Friday. Raymond James Financial Inc.’s price objective suggests a potential upside of 37.87% from the company’s previous close.
A number of other analysts also recently issued reports on the company. FirstEnergy Capital raised Trinidad Drilling from an “outperform” rating to a “top pick” rating in a research note on Tuesday, July 12th. 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. Paradigm Capital reiterated a “buy” rating and issued a C$3.00 target price on shares of Trinidad Drilling in a report on Tuesday, June 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$4.00 target price on shares of Trinidad Drilling in a report on Monday, October 3rd. Finally, Scotiabank reiterated a “sector perform” rating and issued a C$2.00 target price on shares of Trinidad Drilling in a report on Tuesday, June 28th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$3.40.
Trinidad Drilling (TSE:TDG) opened at 2.72 on Friday. The company’s 50 day moving average price is $2.56 and its 200-day moving average price is $2.37. Trinidad Drilling has a one year low of $1.41 and a one year high of $3.00. The company’s market cap is $604.08 million.
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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