Trinidad Drilling Ltd. (TDG) Given Average Rating of “Buy” by Analysts
Shares of Trinidad Drilling Ltd. (TSE:TDG) have earned a consensus recommendation of “Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$3.04.
TDG has been the topic of several recent analyst reports. CIBC dropped their target price on shares of Trinidad Drilling from C$2.75 to C$2.50 in a report on Friday, October 20th. National Bank Financial dropped their price objective on shares of Trinidad Drilling from C$3.25 to C$2.60 in a report on Thursday, August 3rd. Canaccord Genuity dropped their price objective on shares of Trinidad Drilling from C$3.50 to C$2.50 in a report on Tuesday, July 11th. BMO Capital Markets upgraded shares of Trinidad Drilling from a “market perform” rating to an “outperform” rating and set a C$3.00 price objective on the stock in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada dropped their price objective on shares of Trinidad Drilling from C$3.50 to C$3.00 and set an “outperform” rating on the stock in a report on Friday, October 6th.
Trinidad Drilling (TSE TDG) opened at 1.70 on Wednesday. The stock’s market capitalization is $458.23 million. Trinidad Drilling has a 52-week low of $1.43 and a 52-week high of $3.77. The firm has a 50-day moving average of $1.70 and a 200-day moving average of $1.88.
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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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