Trinidad Drilling Ltd. (TDG) Receives Consensus Rating of “Buy” from Analysts
Shares of Trinidad Drilling Ltd. (TSE:TDG) have been given a consensus recommendation of “Buy” by the nine analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$3.76.
Several equities analysts recently issued reports on TDG shares. Royal Bank Of Canada dropped their price target on Trinidad Drilling from C$4.50 to C$4.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 3rd. Scotiabank boosted their price target on Trinidad Drilling from C$4.25 to C$4.50 and gave the company an “outperform” rating in a research report on Wednesday, May 3rd. BMO Capital Markets dropped their price target on Trinidad Drilling from C$3.75 to C$3.00 and set a “market perform” rating on the stock in a research report on Thursday, May 11th. Finally, Canaccord Genuity dropped their price target on Trinidad Drilling from C$3.50 to C$2.50 in a research report on Tuesday, July 11th.
Shares of Trinidad Drilling (TSE TDG) opened at 1.92 on Monday. The stock has a 50 day moving average price of $1.94 and a 200-day moving average price of $2.42. Trinidad Drilling has a 52 week low of $1.74 and a 52 week high of $3.77. The stock’s market cap is $517.53 million.
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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