Several other research analysts have also commented on the company. Canaccord Genuity raised their price objective on Trinidad Drilling from C$3.25 to C$4.00 in a research report on Tuesday, December 6th. Royal Bank of Canada raised their price objective on Trinidad Drilling from C$4.00 to C$5.00 in a research report on Friday, December 16th. National Bank Financial cut their price objective on Trinidad Drilling from C$3.75 to C$3.25 in a research report on Thursday, March 2nd. Scotiabank reissued an underperform rating and issued a C$3.25 price objective on shares of Trinidad Drilling in a research report on Thursday, February 9th. Finally, AltaCorp Capital raised Trinidad Drilling from a sector perform rating to an outperform rating in a research report on Wednesday, January 18th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of C$3.69.
Shares of Trinidad Drilling (TSE:TDG) opened at 2.24 on Thursday. The firm’s 50-day moving average price is $2.63 and its 200 day moving average price is $2.76. The stock’s market cap is $603.79 million. Trinidad Drilling has a one year low of $1.53 and a one year high of $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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