Trinidad Drilling Ltd. (TSE:TDG) Given Consensus Rating of “Buy” by Brokerages
Shares of Trinidad Drilling Ltd. (TSE:TDG) have been assigned a consensus recommendation of “Buy” from the twelve analysts that are covering the company. Three investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$3.07.
A number of research firms have issued reports on TDG. Royal Bank Of Canada reissued an “outperform” rating and set a C$4.00 price target on shares of Trinidad Drilling in a research report on Monday. Scotiabank reissued a “sector perform” rating and set a C$3.00 price target on shares of Trinidad Drilling in a research report on Thursday, August 4th. TD Securities reduced their price target on shares of Trinidad Drilling from C$3.50 to C$3.00 and set a “buy” rating for the company in a research report on Wednesday, August 3rd. FirstEnergy Capital raised shares of Trinidad Drilling from an “outperform” rating to a “top pick” rating in a research report on Tuesday, July 12th. Finally, National Bank Financial raised shares of Trinidad Drilling from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Tuesday, June 28th.
Trinidad Drilling (TSE:TDG) traded up 2.39% during trading on Monday, hitting $2.57. 204,270 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $2.55 and its 200 day moving average price is $2.34. The firm’s market cap is $570.76 million. Trinidad Drilling has a 12-month low of $1.41 and a 12-month high of $3.02.
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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