Trinidad Drilling Ltd. (TDG) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Trinidad Drilling Ltd. (TSE:TDG) have received an average rating of “Buy” from the nine analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$2.54.
Several analysts have recently weighed in on the stock. Scotiabank downgraded shares of Trinidad Drilling from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$3.25 to C$2.50 in a research report on Friday, November 10th. Canaccord Genuity reduced their price target on shares of Trinidad Drilling from C$2.10 to C$2.00 in a research report on Tuesday. CIBC upped their price target on shares of Trinidad Drilling from C$2.25 to C$2.50 in a research report on Tuesday, January 23rd. Raymond James Financial reduced their price target on shares of Trinidad Drilling from C$2.75 to C$2.55 and set an “outperform” rating for the company in a research report on Tuesday, January 30th. Finally, National Bank Financial reduced 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.
Shares of Trinidad Drilling (TSE:TDG) opened at C$1.58 on Friday. The firm has a market cap of $432.06, a P/E ratio of -5.64 and a beta of 1.37. Trinidad Drilling has a 12-month low of C$1.43 and a 12-month high of C$2.95.
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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