Trinidad Drilling Stock Rating Reaffirmed by Canaccord Genuity (TDG)
Trinidad Drilling (TSE:TDG)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a research note issued to investors on Friday, American Banking & Market News reports.
TDG has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of Trinidad Drilling in a research note to investors on Wednesday, December 18th. Separately, analysts at Raymond James raised their price target on shares of Trinidad Drilling from C$11.75 to C$12.00 in a research note to investors on Tuesday, December 17th. They now have a “strong-buy” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Trinidad Drilling from C$11.50 to C$12.25 in a research note to investors on Tuesday, December 17th. Eight investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Trinidad Drilling presently has an average rating of “Buy” and an average target price of C$11.78.
Shares of Trinidad Drilling (TSE:TDG) traded up 0.20% on Friday, hitting $9.92. The stock had a trading volume of 582,831 shares. Trinidad Drilling has a 1-year low of $6.46 and a 1-year high of $10.84. The stock’s 50-day moving average is $9.50 and its 200-day moving average is $9.73. The company has a market cap of $1.199 billion and a P/E ratio of 39.60.
Trinidad Drilling Ltd. (TSE:TDG) 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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