Trinidad Drilling Ltd. (TSE:TDG) had its price target reduced by equities research analysts at Royal Bank Of Canada from C$3.50 to C$3.00 in a research note issued on Friday, reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 67.60% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. National Bank Financial reduced their target price on Trinidad Drilling from C$3.25 to C$2.60 in a report on Thursday, August 3rd. Canaccord Genuity downgraded Trinidad Drilling from a “buy” rating to a “hold” rating and reduced their target price for the company from C$2.50 to C$1.90 in a report on Wednesday, August 2nd. BMO Capital Markets raised Trinidad Drilling from a “market perform” rating to an “outperform” rating and set a C$3.00 target price for the company in a report on Thursday, August 3rd. Finally, Raymond James Financial, Inc. reduced their target price on Trinidad Drilling from C$3.80 to C$2.80 and set a “speculative buy” rating for the company in a report on Tuesday, August 22nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Trinidad Drilling presently has a consensus rating of “Buy” and a consensus price target of C$3.26.

Trinidad Drilling (TDG) traded down 2.23% during mid-day trading on Friday, reaching $1.75. The company had a trading volume of 107,589 shares. The stock’s 50-day moving average is $1.70 and its 200 day moving average is $1.97. The firm’s market capitalization is $471.71 million. Trinidad Drilling has a 12 month low of $1.52 and a 12 month high of $3.77.

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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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Analyst Recommendations for Trinidad Drilling (TSE:TDG)

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