Trinidad Drilling Ltd. (TDG) PT Lowered to C$2.50
Trinidad Drilling Ltd. (TSE:TDG) had its price objective decreased by equities research analysts at Canaccord Genuity from C$3.50 to C$2.50 in a research report issued to clients and investors on Tuesday. Canaccord Genuity’s target price points to a potential upside of 32.98% from the company’s current price.
A number of other equities analysts have also recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a C$4.00 price target on shares of Trinidad Drilling in a report on Wednesday, June 21st. BMO Capital Markets reduced their price target on Trinidad Drilling from C$3.75 to C$3.00 and set a “market perform” rating for the company in a report on Thursday, May 11th. Scotiabank lifted their price target on Trinidad Drilling from C$4.25 to C$4.50 and gave the stock an “outperform” rating in a report on Wednesday, May 3rd. National Bank Financial upgraded Trinidad Drilling from a “sector perform under weight” rating to an “outperfrom under weight” rating in a report on Thursday, March 16th. Finally, Raymond James Financial, Inc. set a C$4.10 price target on Trinidad Drilling and gave the stock an “outperform” rating in a report on Thursday, March 16th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$3.70.
Shares of Trinidad Drilling (TSE:TDG) traded down 2.66% during mid-day trading on Tuesday, reaching $1.83. The company had a trading volume of 144,357 shares. Trinidad Drilling has a 12 month low of $1.74 and a 12 month high of $3.77. The company’s market capitalization is $493.27 million. The firm’s 50-day moving average is $2.06 and its 200 day moving average is $2.56.
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About Trinidad Drilling
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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