Trinidad Drilling Ltd. (TSE:TDG)’s share price was up 0.6% during mid-day trading on Thursday . The stock traded as high as C$1.77 and last traded at C$1.74. Approximately 334,621 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 703,560 shares. The stock had previously closed at C$1.73.

Several equities analysts have issued reports on TDG shares. Royal Bank of Canada decreased their price target on shares of Trinidad Drilling from C$3.50 to C$3.00 and set an “outperform” rating for the company in a research report on Friday, October 6th. CIBC decreased their price target on shares of Trinidad Drilling from C$2.75 to C$2.50 in a research report on Friday, October 20th. TD Securities cut shares of Trinidad Drilling from a “buy” rating to a “hold” rating and decreased their price target for the company from C$2.25 to C$2.00 in a research report on Thursday, November 9th. National Bank Financial decreased their price target on shares of Trinidad Drilling from C$2.60 to C$1.95 and set a “sector perform” rating for the company in a research report on Friday, November 10th. Finally, Scotiabank cut shares of Trinidad Drilling from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$3.25 to C$2.50 in a research report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$2.43.

The firm has a market capitalization of $508.63, a P/E ratio of -6.64 and a beta of 1.39.

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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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