Equities researchers at Raymond James cut their target price on shares of Trinidad Drilling (TSE: TDG) from $10.00 to $9.75 in a report issued on Friday. The firm currently has a “strong-buy” rating on the stock.

Trinidad Drilling traded up 0.99% on Friday, hitting $7.15. Trinidad Drilling has a 52-week low of $5.02 and a 52-week high of $7.84. The stock’s 50-day moving average is currently $7.10. The company has a market cap of $864.1 million and a price-to-earnings ratio of 9.19.

Separately, analysts at Desjardins upgraded shares of Trinidad Drilling from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 10th.

Trinidad Drilling Ltd. (Trinidad) is a drilling rig contractor, which provides contract drilling services to the Canadian, United States and Latin American oil and gas industry.

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