Analysts Set Trinidad Drilling Ltd. (TDG) PT at $3.26
Trinidad Drilling Ltd. (TSE:TDG) has been given an average rating of “Buy” by the nine brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$3.26.
A number of research firms have recently commented on TDG. Royal Bank Of Canada cut their target price on shares of Trinidad Drilling from C$3.50 to C$3.00 and set an “outperform” rating for the company in a research note on Friday. Raymond James Financial, Inc. cut their target price on shares of Trinidad Drilling from C$3.80 to C$2.80 and set a “speculative buy” rating for the company in a research note on Tuesday, August 22nd. National Bank Financial cut their target price on shares of Trinidad Drilling from C$3.25 to C$2.60 in a research note on Thursday, August 3rd. BMO Capital Markets raised shares of Trinidad Drilling from a “market perform” rating to an “outperform” rating and set a C$3.00 target price for the company in a research note on Thursday, August 3rd. Finally, Canaccord Genuity cut shares of Trinidad Drilling from a “buy” rating to a “hold” rating and cut their target price for the stock from C$2.50 to C$1.90 in a research note on Wednesday, August 2nd.
Shares of Trinidad Drilling (TSE TDG) traded down 3.95% during midday trading on Friday, reaching $1.70. The company’s stock had a trading volume of 1,568,083 shares. Trinidad Drilling has a 12-month low of $1.52 and a 12-month high of $3.77. The firm’s market capitalization is $458.23 million. The stock has a 50-day moving average of $1.71 and a 200 day moving average of $1.97.
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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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